Social entrepreneurship is an approach to addressing social, cultural, and environmental concerns. Startup ventures in this case are created around an advocacy that provides a solution to an important social issue. Any profits generated by the company are used to fund and sustain the advocacy.
A prominent example of successful social entrepreneurship companies is Grameen Bank, which lends small amounts of money to people. They use this to start up their own backyard business. It helps them fight poverty and become financially self-sufficient.
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