Saif Rashid awarded as Schwab Foundation Social Entrepreneur of the Year 2014

Saif Rashid, an inclusive business model expert and rural enterprise specialist-also the founding director and CEO of JITA Social Business Bangladesh Ltd, has been awarded by prestigious Schwab Foundation- a World Economic Forum associated Initiative as one of the most outstanding social entrepreneurs of the year 2014! It is a pride for Bangladesh as Saif stands as the only entrepreneur from the nation getting this recognition in 2014. In past years, only very few other Bangladeshis including country’s greatest leaders Dr. Muhammad Yunus and Sir Fazle Hasan Abed were being awarded by Schwab Foundation for their respective achievements and social impact.  Learn More…


Saif will become part of the broader Schwab Foundation community of Social Entrepreneurs, which includes 250 outstanding social entrepreneurs from 60 countries. He will be fully integrated into the events and initiatives of the World Economic Forum. Saif will contribute actively to and benefit from peer-to-peer exchanges with other social entrepreneurs as well as interactions with top leaders in business, government, civil society and the media. Prior to this Schwab recognition, Saif has been recognized in 2013 as one of the top Social Entrepreneurs of new millennium by Social Capital Market (SOCAP) and Global Social Business Institutes (GSBI).


The Schwab Foundation for Social Entrepreneurship provides unparalleled platforms at the regional and global level to highlight and advance leading models of sustainable social innovation. It identifies a select community of social entrepreneurs and engages it in shaping global, regional and industry agendas that improve the state of the world in close collaboration with the other stakeholders of the World Economic Forum.


Schwab recognizes Saif for his incredible achievement and contribution in designing and leading JITA Social Business Bangladesh Ltd, a joint venture social business of CARE International and Danone Communities, as a pioneer social enterprise in the global arena. JITA is dedicated to empower women through an extensive network of enterprises, creating employment opportunities and improving access to market for the underprivileged people. Currently JITA is empowering more than 7000 women working as sales ladies reaching around four million rural consumers


The awardees are announced on 24th March 2014 during a live-cast session at The Huffington Post, featuring Hilde Schwab, Co-Founder and Chairperson, Schwab Foundation for Social Entrepreneurship. “Social entrepreneurs are the driving force behind innovations that improve the quality of life of individuals around the world, and they represent an integral and dynamic community of the World Economic Forum,” Hilde Schwab said. “It therefore gives me great pleasure to announce the 2014 Schwab Social Entrepreneur awardees. The 37 outstanding social entrepreneurs we have selected into the Schwab Foundation community this year are designing transformative models in collaboration with government and business partners to generate truly inclusive growth.”

Beside Schwab and JITA Social Network, Saif's remarkable accomplishment has been widely shared through other channels. Renowned Bangladeshi Daily News Paper New Age (Click here) has covered this news as a matter of national interest. JITA's investor Danone Communities (Click here) consider Saif's recognition as a source of great inspiration for social business arena. Women Empowerment focused The Double X  Economy (Click here) expressed its joy and pride as a matter of the fact that Saif's work and contribution are directed to women's socio economic freedom through business.