Although social entrepreneurship has been used as a concept in recent years, it is a philanthropic movement that existed centuries ago as a practice.
This philanthropic movement created both change and awareness when it was named social entrepreneurship by an American named Bill Drayton in 1980.
Bill Drayton defined the concept as: “Social entrepreneurship aims to revolutionize the fish industry, not just give fish or teach how to fish.”
William Drayton (born 1943) is an American social entrepreneur. Drayton was named by U.S. News & World Report as one of America's 25 Best Leaders in 2005. He is responsible for the rise of the phrase "social entrepreneur", a concept first found in print in 1972. Drayton is the founder and current chair of Ashoka.
The first and most important organization working in the field of social entrepreneurship globally is Ashoka. This organization was founded by Bill Drayton in 1980 in Washington DC.
Grameen Bank of Bangladesh
The application dimension of the concept of social entrepreneurship, which dates back to the Second World War, gained importance once again in the 1970s with Muhammet Yunus. As a matter of fact, the concept of “Social Entrepreneurship” that Muhammed Yunus put into practice in 1974 brought him the 2006 Nobel Peace Prize in this field.
Founded by Muhammed Yunus, Grameen Bank provided microcredit to nearly 5 million people.
Some people are not just focused on making money. The number of people who care more about "social benefit" than money is quite high. Social entrepreneurs care more about social benefits than money. In this respect, it can be said that the personality traits of the social entrepreneur are different from those of other people. Social entrepreneurs are advocates of beneficial change and show a strong desire for it. Social entrepreneurs have the power and ability to overcome the obstacles they face.