According to a new report, social entrepreneurs, in collaboration with the Schwab Foundation for Social Entrepreneurship, have distributed USD$6.7 billion in loans or value of products and services. The funds have been improving lives of more than 62 million people in 190 countries, and India is the top-most country in terms of their presence.
The report, titled Two Decades of Impact: Schwab Foundation for Social Entrepreneurship, has been released ahead of the 50th World Economic Forum (WEF) Annual Meeting in Davos.
The report focuses on how social entrepreneurs can achieve impact at scale, change the systems in which they operate and contribute to the Sustainable Development Goals.
This community of social enterprises operate in more than 190 countries, with 25 per cent of them reaching at least 90 countries each.
India is on the top with 46 such social entrepreneurs, followed by 40 in the US, 34 in Kenya, 29 in Brazil and 26 each in South Africa and Uganda.
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Santa, or Father Christmas, discusses why a social enterprise model was the ideal solution to create job opportunities for unemployed elves.