 Assalamu alaikum dear learners and welcome in this video which is about Social Entrepreneurs and Social Entrepreneurship, one of my favourite topics. First of all, let's see who Social Entrepreneurs are. A Social Entrepreneur is a person who pursues a novel cause that has the potential to solve community-based problems. These individuals are willing to take on the risk and effort to create positive change in society through their initiative. So, Social Entrepreneurs are basically those entrepreneurs who don't want to do their business for profit. You have a lot of issues. For example, people are not getting a job. There is a problem, i.e. unemployment. Poverty is an issue. The issue of unemployment also relates to poverty. After that, Islam said that you are not getting a job because of a minority. You either want to do your business or God forbid, you have a disability. These are all your issues. They have to be solved. So, why not create a venture that can solve these socio-economic problems? And the one who is solving these problems is a Social Entrepreneur. The primary purpose of the venture is to solve the socio-economic problem. In crux, doing the business is for a social cause. Basically, Social Entrepreneurship caught their roots in a way that they were basically doing NGOs, i.e. non-governmental organizations. You must have seen that NGOs are dealing with issues like education, poverty, women's rights. Basically, these are the issues that NGOs are dealing with. But the business model of NGOs and its sustainability are all over donations and funds. I.e. as long as NGOs are receiving donations or funds from the local community or international funding, as long as they are receiving funds, they sustain them. As soon as funds stop coming, NGOs also stop coming. In order to break this model and to give financial stability to any good and noble boss, basically NGO and business model is mixed to give financial stability to the institution. And this mixture is called Social Entrepreneurship. In other words, we can say that Social Entrepreneurship brings commerce and social causes together. According to a web source, which is ManagementStudyGuide.com, Social Entrepreneurship is all about recognizing the social problems and achieving a social change by employing entrepreneurial principles, processes and operations. Or, major portion of the profit of this business usually is donated for the special cause. You must have got an idea that basically this is a business model itself, but this business model is created, this venture is created, this institution is created, so that any socio-economic problem can be solved. The profit of this is basically not going to any stake or stockholder, it is re-investing. This is why the significance of Social Entrepreneurship is much more important, this is why Social Entrepreneurs are working together with the government and NGOs and are solving a lot of the problems of the people. Let me give you some examples. For example, when you go to the internet and start looking for Social Entrepreneurship, the first example you will get is of the Grameen Bank. The bank has its own procedures, obviously the bank is an institution that is doing business. But the Grameen Bank was basically created for ultra-poor people. Because this is the community, this is the unbanked community that didn't have collaterals to offer. They didn't even give them a loan. So the Grameen Bank would make a loan that would give this kind of community a loan. The community would start their own business and then the loan that was taken, the loan would return them. And the Grameen Bank is a success story. That is, this ultra-poor community that we think that they might not have money to eat, out of these 99% people have returned all the loans, that is, the recovery rate as compared to the commercial bank, the recovery rate was 99%. So this is why the Grameen Bank is a very good example of Social Entrepreneurship. If you want to see it in Pakistan, then there is a model of Akhubat, which we say that it is very close to Social Entrepreneurship. Akhubat is also a kind of foundation, an institution that has no collaterals to offer to this community, they are given a loan to do their own business. But what is the speciality of Akhubat? It gives loans, it doesn't charge interest. So all over the world, this is a very surprising thing for everyone that there is an institution, it gives loans, it doesn't charge interest, and despite that, that institution exists. Its financial, its operational sustainability is there. So, again, Akhubat is a very good example of Social Entrepreneurship, and we can see Dr. Amjit Sakeb as a Social Entrepreneur. Another example, in 2010, this model was very famous that a restaurant was started, in which when people used to come to eat, there was total darkness. The waiters who served the food, they were blind. The purpose was that there was a restaurant where people came to eat good food, but the cause was that people realized that the blind people are so beautiful, and the blind community was also given a job. So, you will get many more examples like this, in which you can see a business model, but at the same time, you will see that the purpose of doing that business is not profit earning, it is to solve some socio-economic problem. There are three major issues of any Social Enterprise, the biggest issue is its financial and operational sustainability, self-sufficiency. What is this? The profit you have, you are using that profit again for a Nobel Prize. What profit is being generated from your business, i.e. in other words, if the government doesn't charge interest, then does the government have so much profit generated that the government can run its operations and its business financial matters itself, because business operations are also running. So, this is why the government relies on its income for its self-sufficiency and operations, along with that, they have also opened up the option of donations and fundraising. And the biggest issue is business sustainability. Can these institutions sustain? Is this model better than NGO? This is a very important discussion. There is a lot more to say about Social Entrepreneurship. The purpose of this video was to tell you that you can also become a Social Entrepreneur and your enterprise can be a social enterprise. You can create a social value which can solve the socio-economic problems of your community. You become a job creator as an entrepreneur and you are creating value. You are giving jobs to people. You are creating a social success, but again, an enterprise whose purpose is to make life a better and solve the problems of the community is nothing more than beautiful. Nothing can be more beautiful than this. See you in the next video.