Results for "Social entrepreneurship"
Homeless World Cup
The Homeless World Cup (HWC) is an annual association football tournament that brings together teams of homeless people from around the world to compete and raise awareness about homelessness. ## Overview The Homeless World Cup is a unique and inspiring initiative that combines the power of football with the mission to end homelessness. The tournament was founded in 2003 by Mel Young, a Scottish social entrepreneur, with the goal of using football as a tool to empower homeless people and promote social change. The Homeless World Cup Foundation, the organization behind the tournament, is a registered charity that works to create a world where everyone has a home. The tournament has grown from a small event in 2003 to a global phenomenon, with over 60 countries participating and thousands of homeless people benefiting from the program. The Homeless World Cup is more than just a football tournament; it's a platform for homeless people to come together, build relationships, and develop skills that can help them get back on their feet. The tournament provides a safe and supportive environment for participants to learn about teamwork, discipline, and goal-setting, all essential skills for overcoming homelessness. The Homeless World Cup also raises awareness about homelessness and the importance of providing support services to those in need. ## History/Background The Homeless World Cup was first held in 2003 in Edinburgh, Scotland, with teams from Scotland, England, and Wales participating. The tournament was a huge success, and it quickly gained international attention. In 2004, the tournament expanded to include teams from other European countries, and it has since grown to include teams from every continent. The Homeless World Cup has been held in various locations around the world, including Australia, Brazil, and South Africa. In 2010, the Homeless World Cup Foundation launched the "Street Football World Cup" initiative, which aimed to create a global network of street football programs for homeless people. The initiative has since been implemented in over 20 countries, providing training and support to thousands of homeless people. ## Key Information - **Participating countries:** Over 60 countries have participated in the Homeless World Cup since its inception. - **Number of participants:** Thousands of homeless people have participated in the tournament, with over 1,000 players taking part in the 2019 tournament. - **Tournament format:** The tournament features a round-robin group stage, followed by a knockout stage to determine the champion. - **Prizes:** The winning team receives a trophy and a cash prize, which is donated to a local charity. - **Sustainability:** The Homeless World Cup has a strong focus on sustainability, with a goal of creating a self-sustaining program that can be replicated in other countries. ## Significance The Homeless World Cup has a significant impact on the lives of homeless people, providing them with a sense of purpose, belonging, and dignity. The tournament also raises awareness about homelessness and the importance of providing support services to those in need. The Homeless World Cup has been recognized as a model for social change, and it has inspired other organizations to use sports as a tool for social impact. INFOBOX: - Name: Homeless World Cup - Type: Association football tournament - Date: 2003 - Location: Various locations around the world - Known For: Empowering homeless people through football and promoting social change TAGS: Homelessness, Football, Social entrepreneurship, Charity, Sports for social impact, Empowerment, Social change, Human rights.
Economics & BusinessBusiness Encyclopedia Entry 1779757263
** The **Grameen Bank**, a pioneering microfinance institution, revolutionized the way people access financial services in developing countries, empowering millions to escape poverty. ## Overview The **Grameen Bank** is a Bangladeshi bank that has made a significant impact on the global microfinance landscape. Founded in 1983 by **Muhammad Yunus**, a Bangladeshi economist and Nobel laureate, the bank's mission is to provide financial services to the poor, particularly women, in rural areas. The bank's innovative approach to lending has enabled millions of people to access credit, education, and healthcare, thereby improving their socio-economic status. The **Grameen Bank** operates on a unique model that focuses on group lending, where a group of borrowers, typically 5-20 people, come together to form a solidarity group. Each member of the group is responsible for repaying the loan, and if one member defaults, the others are expected to cover the debt. This approach has proven to be highly effective in reducing default rates and promoting social responsibility among borrowers. ## History/Background The **Grameen Bank** was born out of a research project initiated by **Muhammad Yunus** in 1976, when he was a professor at Chittagong University. Yunus observed that the poor in rural Bangladesh were struggling to access traditional banking services, which were often unavailable or unaffordable. He realized that the poor had a strong desire to borrow money to start small businesses, but were unable to access credit due to lack of collateral. In 1983, Yunus founded the **Grameen Bank** with a loan of $27,000 from 42 friends and family members. The bank's first loan was made to 42 women, who were given a loan of $27 each to purchase cattle. The loan was repaid in full, and the bank's success was soon recognized by the Bangladeshi government, which granted the bank a license to operate. ## Key Information * **Grameen Bank** has disbursed over $20 billion in loans to over 9 million borrowers since its inception. * The bank has a repayment rate of over 98%, which is significantly higher than traditional banking institutions. * **Grameen Bank** has expanded its services to include education, healthcare, and telecommunications, in addition to financial services. * The bank has won numerous awards, including the Nobel Peace Prize in 2006, which was awarded to **Muhammad Yunus** and the **Grameen Bank** for their efforts to alleviate poverty. * **Grameen Bank** has been recognized as one of the most innovative and successful microfinance institutions in the world. ## Significance The **Grameen Bank** has made a significant impact on the global microfinance landscape, demonstrating that financial services can be delivered to the poor in a sustainable and profitable manner. The bank's innovative approach to lending has empowered millions of people to escape poverty, improve their socio-economic status, and participate in the global economy. The **Grameen Bank** has also inspired a global movement in microfinance, with numerous institutions and organizations replicating its model in various parts of the world. The bank's success has also led to the development of new financial products and services, such as mobile banking and digital payments, which have expanded access to financial services for millions of people. INFOBOX: - **Name:** Grameen Bank - **Type:** Microfinance institution - **Date:** Founded in 1983 - **Location:** Bangladesh - **Known For:** Innovative approach to lending and microfinance services TAGS: Microfinance, Poverty reduction, Financial inclusion, Social entrepreneurship, Nobel Peace Prize, Bangladesh, Muhammad Yunus, Group lending, Solidarity groups.