This document discusses Muhammad Yunus's vision of achieving "three zeros": zero poverty, zero unemployment, and zero net carbon emissions. It outlines several social business initiatives and organizations that are working towards these goals through entrepreneurship and job creation. These include initiatives in countries like Bangladesh, Uganda, France, Japan, and Colombia that focus on areas such as renewable energy, recycling, healthcare, agriculture, and more. The document also discusses how empowering youth and collaboration with universities can help achieve the three zeroes through entrepreneurship and new economic models.

1. A WORLD OF THREE
ZEROS
Muhammad Yunus
1

2. CONTENTS
The challenge
3 zeros
 Zero poverty
 Zero unemployment
 Zero net carbon
Mega powers
 Youth
 Technology
 Good governance
Stepping stones
2

3. CONTENTS
The challenge
3 zeros
 Zero poverty
 Zero unemployment
 Zero net carbon
Mega powers
 Youth
 Technology
 Good governance
Stepping stones
3

4. FAILURE OF
CAPITALISM
Rising inequality and concentration of
wealth
Oxfam: Eight richest person own as much
as the bottom half (3.6 billion people)
Wealth acts like magnet: biggest magnet
draws small magnets towards it
Using just progressive taxation is not a
remedy to the problem (as suggested by
Piketty, 2014)
4

5. WRONG ASSUMPTION ABOUT
HUMAN NATURE
Capitalist Man: maximize personal profit (economic rationality) –
shelfishness
Real Man: altruistic, love to build relationships, entrepreneur and
creative, etc
GDP is a measure that ignores these qualities of real man
5

6. VICTORY FOR PEOPLE VOICE
Paris Agreement: citizens mobilized government actions
Similar citizen pressure can solve the problem of wealth
concentration
6

7. SOLUTION TO THE
PROBLEM OF
WEALTH
CONCENTRATION“Income redistribution” by taxation is
addressing the effects not the causes
Solution must be through redesign of
economic framework – promote collective
interest
The story of Grameen since 1974 – starting
from village of Jobra
Social Business: “a nondividend company
dedicated to solving human problems”
Create funds that provide seed money to help
would-be entrepreneurs turn their dreams into
realities
They become job ‘creators’ not job ‘seekers’ 7

8. NOBIN UDYOKTA (NEW
ENTREPRENEUR)
The young starts with business idea
Gets the idea polished and approved
The young get money from the Nobin fund
Once successful – they pay back the original investment money to the
fund
In 2017, almost 2,000 business proposals comes to Nobin per month
8

9. CONTENTS
The challenge
3 zeros
Zero poverty
 Zero unemployment
 Zero net carbon
Mega powers
 Youth
 Technology
 Good governance
Stepping stones
9

10. ENTREPRENEUR MIND
In 2015 Global Entrepreneur Monitor (GEM) ranked Uganda #1 (28%
population started business in the last 3.5 years – USA 4.3%)
Social entrepreneur could be:
 Opening small shop
 Buying goat or cow
 Starting a taxi service
 Handmade crafts for sale
10

11. GOLDEN BEE - UGANDA
11
Bringing beekeeping
within reach of
thousands of small
Ugandan farmer
Variety of products:
Honey, beeswax, bee
venom, propolis
Mid-2016 – 1,200
farmers received
training and equipment
80 supermarket chains
sell products
Profits are re-invested
in the expansion

12. GRAMEEN
DANONE
JOINT
VENTUREYogurt fortified with
vitamins and minerals to
the undernourished
children of Bangladesh
Yogurt Plant in Bogra –
near Dhaka
Milk supplied by local
farmar
Local women sell yogurt
Local people run the
factory, distribution,
marketing 12

13. YUNUS SOCIAL
BUSINESS - YSB
Business incubator and a venture fund
Investors get back only the investment
amount
Any profit are reinvested into the business
Branches in: Haiti, Albania, Brazil,
Colombia, India, Tunisia and Uganda
Examples:
 Colombia: “Bive” – a network of affordable
healthcare providers for the poor
 Haiti: “Digo” – distribute domestic cleaning
products to poor
 Albania: “Seniors House” – daycare for elderly
13

14. GRAMEEN
CREATIVE
LAB
provides a necessary
framework for tackling
social issues by
combining business
know-how with the desire
to improve quality of life
Opened in Germany in
2008
1. interact 2. incubate 3.
create
Hans Reitz and Yunus
https://grameencreativela 14

15. CAMPO VIVO -
COLUMBIA
Joint venture between McCain Foods and YSB
Help Colombian local farmers grow high quality potatoes using best
agricultural techniques
Allow poor farmers competitive access to market
In the first year the yield was 54.4 tons per hectare (national average was
22 tons/hectare
PROBLEM:
 20% of potatoes are not fit for size to produce French fries
 6% are missed underground by collecting machines
SOLUTION:
 Bon et Bon (a French company) teams up with McCain to transform
these wasted vegetable into soups
Contributing to SDG:15
15

16. SOCIAL BUSINESS
ACTION TANK - FRANCE
16
Poor in French is 13%
(8 million)
Bring poverty to zero%
http://www.at-
entreprise-
pauvrete.org/en/

17. MOBILIZE BY
RENAULT
Make auto maintenance affordable for
the poor
Network of auto repair shops to serve
Mobiliz members at a discounted price
https://mobiliz.groupe.renault.com/
17

18. CONTENTS
The challenge
3 zeros
 Zero poverty
Zero
unemployment
 Zero net carbon
Mega powers
 Youth
 Technology
 Good governance
Stepping stones
18

19. ZERO UNEMPLOYMENT
The “urgent challenge” of creating 400 million jobs over the next
decade (ILO)
Challenge of automation and artificial intelligence
Longer and healthier lives of people
19

20. THE PROBLEM
People are born to work for a few fortunate capitalists
Educational system is framed in this model
Quote
“We have to wake up to the fact that the “invisible hand” is
invisible because it does not exist – or, it does exist, it is
dedicated to serving the rich, invisibly”
20

21. SOCIAL BUSINESS
A way to unleash human capabilities
without the need to serve corporate
masters
21

22. THE CASE OF HUMAN HARBOR
CORPORATION, JAPAN
Involve ex-prisoners in collecting and recycling industrial waste
Employs 26 people
Revenue of $2.4 million in 2016
22

23. GRAMEEN NOBIN PROGRAM –
“NEW ENTREPRENEURS”
Redirect mind of young graduates from hunting for jobs to creating
jobs for themselves
Social Business Design Lab
From loan to equity (after paying back loan, ownership is
transferred to the entrepreneur)
23

24. GRAMEEN
AMERICA INC (GAI)
19 branches in 12 cities
Over 86,000 members
Forming groups of 5
Commit to keep children
at school
24

25. UDRUZENE
STARTUP IN
BOSNIA
World class handicraft
products through knitting
and crocheting
300 knitters
25

26. RIZONA
ORGANIC
FARMING IN
KOSOVO
Organic food
Medical herb
Herbal essence
26

27. ENTREPRENEURSHIP
First: the flow of wealth circles around the entrepreneurs, and
second: corporates starts to loose people who serve them
27

28. CONTENTS
The challenge
3 zeros
 Zero poverty
 Zero unemployment
Zero net
carbon
Mega powers
 Youth
 Technology
 Good governance
Stepping stones
28

29. ZERO NET CARBON
Increased population results in deforestation
Global warming causing a rise in sea level
29

30. ZERO NET CARBON
No contradiction between economic growth and protection of the
environment
New technology and renewable energy
30

31. HARMFUL PROJECTS IN
BANGLADESH
Reality
 Coal-fire 1,320 MW plat near Sandarbon
 2,000 MW Nuclear project
Suggestion
 Collaborate with Nepal for hydro electric projects (which is green project)
31

32. ZERO NET
CARBON
Grameen Shakti
Celebrating installation of
1 million solar panels by
2013
Improved cooking stove
to reduce pollution
Biogas plants, to convert
natural waste like cow
dung into methane fuel
for cooking
32

33. HAITI
REFORESTAT
ION
Business leaders
experimenting with social
works
Richard Branson – founder of
Virgin family of companies
Plan B – from profit-oriented
to people-planet-profit-
oriented
Aims to plant 1 million tree
each year to cover 1,000
hectare
In 1923, 60% of land in Haiti
was forest, and now it is only
2%
33

34. UGANDA PLASTIC
RECYCLING
PROJECT
Every day 108 tons of plastic
waster are generated in Uganda
Less than half are recycled
Savco Millers is social business
supported by Yunus Social
Business (YSB)
SM provide training and
protective equipment for
collectors
Pay them high fixed price (by
reducing the intermediary
handlers who claim premiums)
34

35. UGANDA –
GREEN BIO
ENERGY
Charcoal – instead of
cutting new trees, it is
recycled from agricultural
waste like cassava and
banana peelings, rice
husks, coffee pulp, etc.
EcoStove: re-engineered
to be energy and eco
friendly with small and
more numerous vents
https://greenbioenergy.or
g/ 35

36. UGANDA – IMPACT
WATER
In Uganda 9 million people lack access to safe water
440 children die every week from waterborne disease
Impact Water, provides pure water to schools using
energy friendly purification system that need no or little
electricity
Methods: ceramic filtration (small schools), carbon
filters and hollow-fiber membrane (medium size
schools), ultraviolet disinfection system
Reduce the need to boil water which is energy hungry
and long process
By 2016 water purification extended to a 1,000 schools
wich ½ million students combined
http://www.impactwater.co/
36

37. CONTENTS
The challenge
3 zeros
 Zero poverty
 Zero unemployment
 Zero net carbon
Mega powers
Youth
 Technology
 Good governance
Stepping stones
37

38. YOUTH
51% of youth [age: 18 – 29] do not support capitalism
Youth favor a new approach:
Liberate the creative power of people
Young people want to be useful to others
Young feel trapped within the wall of stock market and traditional
monetary and fiscal policies
Youth today are: more connected, more educated
38

39. YOUTH
False propositions
 No job, no life
 Fundamental purpose of work is to generate personal income and wealth
Yunus Social Business Centers (YSBCs) are established in many
univerisities (around 50 universities)
Develop courses on social business and other forms of economic
innovation for both students and entrepreneurs
39

40. COOPERATION
WITH
UNIVERSITIES
HEC (business school in
Paris) developed MOOC
course Ticket4Change
Glasgow Caledonian
university MSc program in
social business
Grameen creative lab with
European Union working
with experimentation with
new economic model
within European high
schools.
40

41. YUNUS &
YOUTH
provide ambitious young
social business
entrepreneurs with
guidance and support to
realize their dreams
Identify, recruit, and
incubate next generation
social business leaders
Teach fellows lean startup
principles
https://yunusandyouth.co
m/
41

42. IMPACT
HUBS
8 locations, 15,000
members
Help local youth pursue
the path of
entrepreneurship
https://impacthub.net/
42

43. SPORTS AND CLUBS
The story of Ann Hidalgo – mayor of Paris
Olympics 2024 if in Paris will be the first Social Business Olympics
Building stadiums, constructing housing for athletes, providing food
for all participants
43

44. YOUTH ( AND THE OLD)
Perspective on the age of retirement
44

45. CONTENTS
The challenge
3 zeros
 Zero poverty
 Zero unemployment
 Zero net carbon
Mega powers
 Youth
Technology
 Good governance
Stepping stones
45

46. TECHNOLOGY
Adopting existing technology for social business, VS. designing
technology for social business
The case of Grameen Phone and “telephone ladies”
Solar panel
46

47. TECHNOLOGY
New technology are always launched for the upper income class and
then move to the poor segment at the end
47

48. ENDLESS
Bring price of a computer <
$50
Connectivity is the biggest
problem (average online data
plans are only 300 MB , and
average PC user consume >
60 GB data)
Solution: data storage ( store
the internet an average
person need in a 2TB hard
drive inside a PC = internet
without connectivity)
Price now is $79 and is used
in Southeast Asia, Brazil, etc.
https://endlessos.com/abou 48

49. KIVA
The story of Kiva – a
crowdfunding platform
Use internet to connect
entrepreneur who need
capital to those who are
willing to give money
https://www.kiva.org/
49

50. MAKESENSE
Two legal entities – profit
and non-profit
Match projects with SDGs
As of 2017, more than
25,000 volunteers in 45
countries use MakeSense
Collaborate through wiki like
platform
Networking with thousands
of consultants
https://makesense.org/en/a
bout/
50

51. ACRE
Micro-insurance of agriculture
products in Africa for
smallholder farmers
Using mobile technologies
and up-to-the-minute climate
and agricultural data to make
coverage effective and
affordable
Usually 10% of the value of the
harvest
By end of 2015, 400,000
African farmers are covered by
ACRE
https://www.mckinsey.com/s
olutions/acre
51

52. COEL
Bangle works 10 months
without battery, and
sends 80 types of
messages to pregnant
women
Alerts on quality or air
Works without internet
access
http://www.tsi.com.bd/pr
oducts/coel/
52

53. CONTENTS
The challenge
3 zeros
 Zero poverty
 Zero unemployment
 Zero net carbon
Mega powers
 Youth
 Technology
Good
governance
Stepping stones
53

54. GOOD GOVERNANCE
Good governance does not contradict the need for economic growth
with individuals freedom and entrepreneurship
54

55. FAIR ELECTIONS
The role of UN
Leverage ICT technologies for fair voting
55

56. COMBATING CORRUPTION
Independent judiciary to hold officials accountable
Strong civil society institutions (media, universities, watchdogs)
International Organizations (like Transparency International)
56

57. SOME SUGGESTIONS
Investment in infrastructure to support economic growth and the role of PPP
Using technology to enhance gov efficiency and transparency (robots, AI,
database systems, etc.)
Incorporate social business in civic project (e.g., building mega port by local
business owned org.)
Involve the poor in planning and executing development projects
Making quality education and health available to all (human infrastructure)
Making banking and financial service available to all
Developing fair rules to protect the environment
Strengthening civil institution that promote human freedom
57

58. CONTENTS
The challenge
3 zeros
 Zero poverty
 Zero unemployment
 Zero net carbon
Mega powers
 Youth
 Technology
 Good governance
Stepping stones
58

59. HUMAN NATURE
They are not selfish
They are not just job seekers
59

60. WALL STREET VS GRAMEEN
MODEL
“At the time of economic crisis, microfinance organizations can
be an island of stability while “mainstream” financial institutions
totter”
 At the 2008 crisis and Grameen Bank
 At the 1997 Asian crisis
Grameen model is trust-based and transparent
continuous communication with borrowers
60

61. CHANGES IN THE CONCEPTUAL
FRAMEWORK OF CAPITALISM
Treating people as one dimensional beings
Acknowledge selfless, and altruistic nature of real man
61

62. CONCLUDING REMARKS
62
Social business is a powerful avenue for self-discovery,
self-exploration, and self-definition. Best of all, seeing
the social benefits created by the business – the hungry
children fed, the homeless families given shelter, the
diseased people cured – offers a profound inner
satisfaction that no other creative endeavor can match.
Believe me, nothing in life is more rewarding than fulfilling
the creative passion through the act of imagining a social
business and then translating it into reality

63. IMPLICATIONS FOR ISDB
Sharia compatible financial and social solution for the Social business
Innovation in designing programs
Reverse linkage program with Yunus affiliated organizations
63

64. CRITIQUE
A holistic look into social impacts
Coverage on only Grameen affiliation case-studies
Is it again a capitalist approach at the bottom slice of population?
64

65. THANK YOU
Q&A
65

66. 66
https://www.businessin
sider.com/hundreds-
of-suicides-in-india-
linked-to-microfinance-
organizations-2012-2

67. 67

68. 68
https://opendocs.ids.ac.u
k/opendocs/bitstream/ha
ndle/123456789/3324/W
p8.pdf?sequence=1
Goetz, A.M. and R. Sen
Gupta 1996, ‘Who takes
the credit? Gender, power,
and control over loan use in
rural credit programmes in
Bangladesh’, World
Development, 24(1), 45–
63.