1. The major boost in social entrepreneurship was
given by the Nobel Prize winner Dr. Mohammad
Yunus when his brain-child Grameen bank became
successful in helping people lift themselves out of
poverty in rural Bangladesh by providing them with
credit without requiring collateral. Yunus developed
his revolutionary micro-credit system with the belief
that it would be a cost-effective and scalable weapon
to fight poverty. It was soon realized that profits
can be made along with serving the society,
provided you treat profits as a means and not the
end result

2.  There have been numerous attempts at defining Social
Entrepreneurship. For the course of our discussion lets pick the
broadest:
 “Social entrepreneurship is the work of a social entrepreneur. A
social entrepreneur is someone who recognizes a social problem
and uses entrepreneurial principles to organize, create, and
manage a venture to make social change. Whereas a business
entrepreneur typically measures performance in profit and return,
a social entrepreneur assesses success in terms of the impact s/he
has on society.”
 There are 3 key components that emerge out of this definition and
are more of less common when it comes other variations of the
definition of Social Entrepreneurship:
 the problem
 a sustainable solution
 social change

3.  Strictly speaking no. Considering its broad
definition no one can deny that its practice is far
more ancient. The roots and first usage of the term
„Social Entrepreneurship‟ can be dated back in the
literature of social change in 1960′s and 1970′s.
What is rather new is the trend of categorizing
these socially entrepreneurial ventures as Social
Enterprises fuelled by a recent influx of capital
availability to fund such initiatives.

4.  Social enterprises are social mission driven
organizations which trade in goods or services
for a social purpose. Their aim to accomplish
targets that are social and environmental as
well as financial is often referred to as having a
triple bottom line. Social enterprises are profit-
making businesses set up to tackle a social or
environmental need.

5.  Rather than maximizing shareholder value,
their main aim is to generate profit to further
their social and environmental goals. Therefore
some commentators describe them as „not-for-
profit‟ as their profits are not (at least
primarily) distributed to financial investors

6.  It could be that the profit (or surplus) from the
business is used to support social aims
(whether or not related to the activity of the
business, as in a charity shop), or that the
business itself accomplishes the social aim
through its operation, for instance by
employing disadvantaged people (social firms)
or lending to businesses that have difficulty in
securing investment from mainstream lenders.

7.  According to one study, “youth philanthropy is, at
the broadest level, youth giving of their time,
talents and treasure.” It is seen as an effective
means in which youth develop knowledge of and
participate in philanthropic projects such as
volunteering, grant writing, and community
service.
 Youth philanthropy educates young people about
social change in order to identify community
problems and design the most appropriate
solutions in a systemic way. Philanthropy in this
case is defined as anything young people do to
make the world around them a better place.

8.  Philanthropy is the act of donating money, goods, services,
time or effort (often referred to as time, talent or treasure) to
support a charitable cause, usually over an extended period
of time and with a defined objective
 Philanthropy is a major source of income for fine arts and
performing arts, religious, and humanitarian causes, as well
as educational institutions
 During the past few years, philanthropy has become more
mainstream, owing in part to the high profile of rock star
Bono‟s campaign to cancel Third World debt to developed
nations; the Gates Foundation‟s massive resources and
ambitions, such as its campaigns to eradicate malaria and
river blindness; and billionaire investor and Berkshire
Hathaway Chairman Warren Buffett‟s donation in 2006 of
$31 billion to the Gates Foundation.