| ‘Social Business is not philanthropy or CSR. It is an effort to solve the social problem and making society sustainable. Every social business is entitled to give two returns in Social Business – financial return and social returns’ thus said Paul Thomas, the Founder and Director of ESAF Microfinance and Investments Pvt Ltd (EMFIL), during the keynote address delivered at the ‘International Symposium on Microfinance in India’ organized by SDMIMD in coincides with the visit of International Students from the Mays Business School, Texas A&M University, Texas, USA.
Highlighting the programs of the Micro-credit enterprise development program, Mr. Thomas shared the achievement of the micro finance sector in social, training, women empowerment, counselling and other bunch of other services.
Following the talk by Mr. Paul Thomas a special video talk on 'Intelligence, Ability and Social Responsibility' was delivered by Mr. K. Ramkumar, Executive Director, ICICI Bank, which was very well received by the audience.
Earlier, in his welcome address Dr. N.R. Parasuraman, Director of SDMIMD brought out the challenges confronting management students in Finance with fast-changing global volatility like the present Chinese yuan crisis, and the rise of special social schemes like microfinance which seeks to do what conventional banking has been unable to.
Dr. Julian Gasper, Director, Center for International Business Studies & Clinical Professor of Finance, Mays Business School, Texas A&M University; students from Texas A&M and SDMIMD, faculty members and invites were present.
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