What is a Social Business and how is Glovico.org such a business?

The notion Social Business has been coined by Nobel price laureate Muhammad Yunus and refers to businesses that want to run profitably but do not intend to distribute dividends. Instead they reinvest potential profits into their social mission. On the other hand social businesses want to be independent from state funding and have to finance themselves. Importantly, it is the social mission that is the priority of the business and not the profit.

It is the mission of Glovico.org to develop innovative ways to earn an income for people in less developed countries via webtechnologies. Our goal is not to reach the poorest of the poor but help building a global middle class. Yet, in the mid-term we plan to set up a microcredit program, which help potential teachers finance a netbook, a webcam, a headset and a decent internet connection. In this way we also want to allow those teachers to offer their services on Glovico.org who couldn't afford to do so themselves initially.

Furthermore we want to foster intercultural dialogue and communication between north and south. Only in this way, so we believe, can we create an awareness for a more egalitarian world in the long run.