Medicon Engineering Themes (ISSN: 2834-7218)

Research Article

Volume 2 Issue 6

Grameen Bank & Islami Bank Bangladesh Limited - Two Paths of Social Business and Their Unique Financial Journey

Hafizur Rahman1* and Khwaja Aziz2

Published: May 24, 2022

DOI: 10.55162/MCET.02.044

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According to a research the number of social businesses is estimated to exceed 20000 globally. “34% are in operation for between 2-5 years and constitute 2-3% of GDP-2010” [2-4]. In fact, modern social business is a recent phenomenon increasingly receiving worldwide attention especially when income inequality is expanding exponentially parallel to the growth of dollar millionaires both in the developing and developed societies. This paper demonstrates how social business can vary in form, distinct both in principles and practices but unique in substance. In other words, how they operate to impact economic life of men and women especially in poverty reduction and economic growth of a nation such as Bangladesh.