A Social Entrepreneur’s Quandary: Non-Profit vs. Profit

Image

In 2002, at the age of 18, Saul Garlick started a program to fight poverty by building schools in rural South Africa.

The time and effort spent on fund-raising for a nonprofit has left its founder debating whether it is worth it to change the group’s business model.

By 2004, his vision had broadened and he started an organization, Student Movement for Real Change, to encourage entrepreneurship in third world communities. Through this organization, he sent students to live with local families, hunt for water sources, farm alongside villagers and absorb the day-to-day nuances of life in a developing country with the goal of building social businesses along with the local residents.

Over the last two years, Mr. Garlick and his team have produced some 50 such “microenterprises” — including one that finances water projects in Kenya, one that sells charcoal and stoves in Rwanda and a cocoa nursery in Ghana.

Please go to New York Times for the full story: http://www.nytimes.com/2013/07/11/business/smallbusiness/a-social-entrepreneurs-dilemma-nonprofit-or-for-profit.html?_r=0

Advertisements

One thought on “A Social Entrepreneur’s Quandary: Non-Profit vs. Profit

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s