Social Entrepreneurs are an individual who has innovative solutions to the society’s most pressing social problems; they are ambitious in tackling any major issues and ready to work on any new challenges. The development in social Entrepreneurship will solve the problems prevailing in the society which is completely ignored by commercial and government enterprises. Muhammad Yunus being an example for other social entrepreneurs, how to be a successful entrepreneur, who is worked, has a founder and manager of Grameen Bank lead a new path in Social Entrepreneurship, and he is awarded with Nobel Peace Prize, his contribution being a motivation factor for many social Entrepreneurs. Countries like India, Pakistan, Bangladesh and other countries facing many issues and challenges for the development of social entrepreneurs. This paper highlights meaning of social entrepreneurship, the difference between social entrepreneurship and other entrepreneurship, Qualities of successful entrepreneurs and the Challenges and issues faced by the Social Entrepreneurs.