Is It Okay For A Social Impact Startup To Be Driven By Profits?by The Daily Eye Team February 29 2016, 3:11 pm Estimated Reading Time: 0 mins, 40 secs
“Poverty is an artificial creation. It doesn’t belong to human civilization, and we can change that, we can make people come out of poverty. The only thing we have to do is to redesign our institutions and policies.” This was very rightly quoted by 2006 Nobel Prize winner Muhammad Yunus, the founder of Grameen Bank.There are many social impact enterprises that primarily work towards a social cause with the intention of helping the underprivileged and empowering them to lead better lives. But while there are many social impact companies and NGO’s that thrive on OPM (other people’s money) to take their cause forward, there are many enterprises that drive their initiative on their own without any kind of dependence on anyone.