Wikipedia defines social entrepreneurship quite clearly from all my study on the subject. It recognizes entrepreneurship for meeting social problems and the use of the underlying mechanisms and principles of entrepreneurship to create, organize and manage social enterprises for a social change.
Many people have seemingly avoided to establish importance to the subject of social entrepreneurship with excessive force being directed to other forms of entrepreneurship like the techno - entrepreneurs including the Late Steve Jobs, Mark Zukerberg, Bill Gates, name it...This notion comes from the fact that entrepreneurs are tied to the element of profit making which in fact may not be true.
Social entrepreneurs are defined by their ability to use business to meet social issues . Irene Mutumba, an Ashoka Fellow, realized the need to improve Uganda's education system and stem out irrelevancy in as far as subject coverage and also to incorporate elements like entrepreneurship, training youth in financial systems, and basic business skills as a way of stamping out poverty and the widespread youth unemployment in the country.
Like many other social entrepreneurs, she is always spilling new ideas to the table to help these youth in both formal and informal sectors of secondary schools, and she has continues to commit all her time at this no matter the limitation.
With this effort from Irene and her team at PEDN, she has left an incredible mark on the lives of over 120,000 youth with over 9,000 participating actively in a school saving process, over 1000 youth between 12 and 24 years having opened accounts with a financial institution, over 2% having stated individual businesses and a growing 25% with social enterprises.
This is a resounding promise to Uganda even as it sets foot in this new jubilee; And anyone who stands by a social entrepreneur definitely feels the impact!
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