Definition: Social enterprises are businesses that make money but also help society.
Why It's Cool: It's like having a superhero business! They solve funding problems for non-profits and make life better in developing countries.
Real-World Example
Phandeeyar: A tech innovation lab in Myanmar. Think of it as a geeky superhero academy for local startups.
Buffalo Bicycle Company: Building bikes for African terrain. Imagine a bike tailor-made for Indiana Jones' adventures!
Banking- not just for adults!
Improving Access: Banking helps people invest in stuff. In some countries, it's as tough for poor people to get bank accounts as it is for you to beat the final boss in a video game!
Microfinance: Super small loans to help poor people start businesses or survive emergencies.
The Good: Helps women become like Wonder Women in their families!
The Bad: Some folks get stuck in a debt loop like a bad internet connection.
Mobile Banking: Just like texting, but with money. It's helping millions without needing a fancy smartphone.
Example: In Kenya, mobile banking made people's financial lives as stable as your favorite gaming platform.
Girl power- empowering women
Educating Girls: It's like a cheat code for development! Educated moms have healthier, smarter kids and earn more points—er, money!
Legal Reforms: Breaking down legal barriers to make sure women can own businesses and inherit property. Think of it as a quest to level up society!
Political Power-Up: More women in politics is like adding more characters to your favorite game. Diversity for the win!
Boss level-reducing corruption
What Is It? Corruption is like a bug in the system that makes everything glitch.
How to Fix It: Like patching a game, reducing corruption needs clear rules, transparency, and accountability.
Unlock the Full Content!
Dive deeper and gain exclusive access to premium files of Economics SL. Subscribe now and get closer to that 45 🌟
Economics SL
Unit 4 - The Global Economy
Social Enterprises: Pioneering Change in Developing Countries
Definition: Social enterprises are businesses that make money but also help society.
Why It's Cool: It's like having a superhero business! They solve funding problems for non-profits and make life better in developing countries.
Real-World Example
Phandeeyar: A tech innovation lab in Myanmar. Think of it as a geeky superhero academy for local startups.
Buffalo Bicycle Company: Building bikes for African terrain. Imagine a bike tailor-made for Indiana Jones' adventures!
Banking- not just for adults!
Improving Access: Banking helps people invest in stuff. In some countries, it's as tough for poor people to get bank accounts as it is for you to beat the final boss in a video game!
Microfinance: Super small loans to help poor people start businesses or survive emergencies.
The Good: Helps women become like Wonder Women in their families!
The Bad: Some folks get stuck in a debt loop like a bad internet connection.
Mobile Banking: Just like texting, but with money. It's helping millions without needing a fancy smartphone.
Example: In Kenya, mobile banking made people's financial lives as stable as your favorite gaming platform.
Girl power- empowering women
Educating Girls: It's like a cheat code for development! Educated moms have healthier, smarter kids and earn more points—er, money!
Legal Reforms: Breaking down legal barriers to make sure women can own businesses and inherit property. Think of it as a quest to level up society!
Political Power-Up: More women in politics is like adding more characters to your favorite game. Diversity for the win!
Boss level-reducing corruption
What Is It? Corruption is like a bug in the system that makes everything glitch.
How to Fix It: Like patching a game, reducing corruption needs clear rules, transparency, and accountability.
Unlock the Full Content!
Dive deeper and gain exclusive access to premium files of Economics SL. Subscribe now and get closer to that 45 🌟
Social enterprise- a cool way businesses help