Yunus Social Business (YSB)
Customer Snapshot: Overview
Trained >1,000 young people, and created 300 jobs so far
Within weeks after a 7.0-magnitude earthquake struck Haiti in 2010, Nobel Peace Laureate Professor Muhammed Yunus, Saskia Bruysten, and Sophie Eisenmann, partnered with SAP to develop a self-sustainability program for emerging businesses. Yunus Social Business (YSB) provides funding, training, and advice to Haitian entrepreneurs.
In turn, a portion of their profits is donated to support education initiatives. SAP has donated €1.5 million and SAP software to manage operations and stay connected through mobile apps. So far YSB has financed 34 businesses, and impacted 800,000 customers.
Yunus Social Business (YSB)
Line of Business
Finance, Human Resources, Service, Sustainability
SAP Business One
Run Simple, Corporate Social Responsibility, Run Live, Prosperity
Customer Snapshot: History
Yunus Social Business (YSB) is a social venture capital group that believes business can be used to solve the most pressing human problems. By turning philanthropic donations into investments, YSB finances social businesses that solve the same challenges normally tackled by aid agencies, charities of foundations. Social businesses re-invest their profits back into addressing the problems they were set up to solve, offering a sustainable alternative to charity or aid. YSB operates in Africa, Asia, The Balkans and Latin America, and companies currently in the YSB portfolio provide employment, education, healthcare, clean water and clean energy to half a million people worldwide.
Customer Snapshot: Business Model
We’ve all heard the saying ‘Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime‘. Our role at Yunus Social Business is to help the fisherman commercialize the fish – to really solve a long-term problem by creating a sustainable, dynamic fish market.— Claudine François, veteran business executive and YSB Haiti country director
Customer Snapshot: Success Strategy
YSB offers entrepreneurs two core products, financing and business support. First YSB local teams work in-country to identify experienced, socially conscious, local entrepreneurs with businesses that have potential to generate large-scale social impact. YSB local teams work closely with selected entrepreneurs, running accelerator programs that teach social business concepts and allow them to test and refine their business models to prepare them for investment.
Social businesses selected for investment become part of the YSB portfolio and are given long-term mentoring and post-investment support to ensure they reach their growth and social impact goals.
Turning donations into investments sets the stage for long-term sustainable social impact.
The devastating 2010 earthquake in Haiti spurred YSB to action. The organization called upon SAP for financial support, employee expertise, and technical know-how to help set up an infrastructure to rapidly grow social businesses across the country. The social businesses are widely spread geographically and conceptually, from bakeries to detergent manufacturers to farms and beyond, in areas with little existing technology to build on.
Profits are also funneled into supporting and sustaining education initiatives to keep private schools running despite extreme poverty levels in the communities.
Eliminate paperwork and streamline business practices in a challenging environment.
SAP’s involvement with YSB Haiti is manifold and based on the belief that the company can achieve the greatest social impact by combining SAP’s core expertise of technology with social investments that have a lasting benefit on society and. In the case of Yunus Social Business Haiti this meant providing all the necessary financial and expert technology support to Yunus Social Business until they could run as a sustainable business.
SAP provided whatever was needed to get recovery efforts up and running quickly.
A summary of SAP's support to YSB Haiti:
Enter SAP: The SAP Experience
The SAP partnership with YSB in Haiti is a showcase example of how our company is having a powerful, sustainable impact on local communities following a crisis. By empowering YSB with SAP capital, employee know-how and technology, we are becoming an innovative force for social change in the world’s underserved markets.— Alexandra van der Ploeg, SAP Global CSR program lead
SAP mobile technology has been implemented to work around unreliable local Internet connectivity, which brings fledgling businesses to the next level in technological advancement. Using SAP mobile technology has provided all local employees on-the-job training for the latest mobile solutions. These future-ready companies also serve as a beacon to other potential investors and partners, showcasing the care and professionalism with which these businesses are run right from the start.
SAP Business One helps Yunus-supported businesses Run Simple with mobile technology.
Better Business: Benefits
When potential investors find out that our social business model runs on SAP, their eyes light up. They know that our business is run seriously, transparently, and that we are able to track every penny. It’s a big vote of confidence. It gives us a unique selling point that we can present to future investors and donors.— Claudine François, veteran business executive and YSB Haiti country director
Better Business: Run Simple
Creating a More Sustainable Future
From employing the long-term unemployed to supporting workers’ children’s schools and providing services for their communities, YSB is touching even more lives than the people they hire and the families they serve. SAP support continues to be a driving force in this initiative to make life better and more sustainable in the communities YSB serves.
The social business model we have implemented in Haiti has great potential anywhere in the world – from Haiti, Africa, or Asia. SAP software makes it easier than ever to build scalable social business models with a modest amount of seed money. It’s how we’re achieving a lot of transformation in communities.— Claudine François, veteran business executive and YSB Haiti country director