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Step-by-step explanation:
A social entrepreneur is someone who identifies a social problem and uses entrepreneurial principles to create, organize, and manage a venture to make social change. This can involve developing innovative solutions to social, cultural, or environmental issues, and creating sustainable business models that have a positive impact on society. Social entrepreneurs often work in areas such as poverty alleviation, health care, education, environmental sustainability, and community development. They aim to create positive social change through their work, often combining the skills and expertise of the private, public, and non-profit sectors to achieve their goals.
One example of a social entrepreneur is Muhammad Yunus, the founder of Grameen Bank, which pioneered microfinance as a means to alleviate poverty in rural Bangladesh. Yunus realized that traditional banking was not accessible to the poor, who lacked collateral and credit history, and that by lending small amounts of money to the poor, they could start their own businesses and lift themselves out of poverty. He founded Grameen Bank in 1983 and his innovative approach to banking has since spread to other parts of the world, empowering millions of people to become self-sufficient.