INNOVATION AND CULTURAL MYTHS

Social Enterprise

DR. MUHAMMAD AMJAD SAQIB

13-JAN-2015

1. Starting an enterprise with few thousands rupees is

not possible.

2. Interest free lending is not possible.

3. Mosque cannot be brought into development mainstream.

4. Poor are not honest and trustworthy

5. Borrowers can never become donors.

6. Principles for managing social enterprise and

economic enterprise are different.

7. Financial sustainability in Social Enterprise is

questionable.

8. Succession planning in Social Enterprise is family

oriented/inefficient.

9. Compensation and quality of HR in Social

Enterprise is below market standard.

10. There is limited scope of working with

Government and growth is slow.