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ISB alumni win Hult Prize; $1 million funding from Clinton Global Initiative

ISB alumni win Hult Prize

(The prize was given away by former US president Bill Clinton and Muhammad Yunus, founder of the Grameen Bank in New York last evening.)

A group of five alumni from the Indian School of Business (ISB) has won the prestigious Hult Prize and a $1 million funding support from the Clinton Global Initiative (CGI).
The prize was given away by former US president Bill Clinton and Muhammad Yunus, founder of the Grameen Bank in New York last evening.

Design lab Held to turn Unemployment into Entrepreneurship

Design lab Held to turn Unemployment into Entrepreneurship

Iti Begum, a 31 year year old daughter of Grameen Bank borrower of 10 years, presenting her business plan for setting up a dairy farm. She has experience of dairy farming and now wanted to set up her own business with an investment of Tk 3,07,000

 The 30th Social Business Design Lab took place on 17 September 2014 at the Grameen Bank Auditorium. Over 120 participants and observers from national and international organizations with diverse background attended the program.

The Design Lab was chaired by Nobel Laureate Professor Muhammad Yunus. He opened the lab by welcoming the guests including those participating from 70 other countries via live stream.

Professor Yunus then provided an update on the projects presented at the lab so far. He reported that out of a total of 357 projects presented in the earlier 29 design labs, 335 projects were approved for investment; most of them are already in operation.

 

25th Social Business Design Lab Held at Yunus Centre

25th Social Business Design Lab

Grameen Telecom Trust and ASHIKA Manabik Unnayan Kendra based in Chittagong Hill Tracts signed a Joint Venture Agreement to produce Mushroom seed/spawns. This is the first social business of its kind launched in the CHT area. Photo-Yunus Centre.

The 25th Social Business Design Lab took place on August 23, 2014 at the Grameen Bank Auditorium, participated by around 100 representatives of national and international organizations.

At the 25th design lab, six new social business plans were presented. These included four Nobin Udyokta projects, businesses launched by young entrepreneurs who are the children of Grameen Bank families. The ones selected for presentation were Sumaiya Poultry Feed & Medicine Corner, a business on running a poultry feed by Md. Sohel Rana, Mim Fashion, a business on selling different items of clothing and tailored products by Kajol Begum and Khokon Video Editing Center, a business aims to provide quality video products to the local customers by Md. Sumon, who is only one went upto fifth grade in primary school.

Another Nobin Udyokta project is Afsana Pigeon Farm, a business on rearing and selling pigeon was presented by Ms Afsana Naznin, who is just 22 years old and completed her BBA degree.

Yunus Opens Microcredit Summit in Mexico

Yunus Opens Microcredit Summit in Mexico

Photo caption: (From left to right) Professor Muhammad Yunus, Federal Minister of Economy Ildefonso Guajardo Villarreal and Governor of the State of Yucatan Rolando Rodrigo Zapata Bello with the micro credit borrowers from a government sponsored program of Yucatan, Mexico. The ceremony was organized in honor of Yunus, father of microcredit.

Nobel Laureate Professor Muhammad Yunus addressed the opening ceremony of 17th Microcredit Summit in Merida, Mexico from September 3-5, 2014. The program focused on the theme “Generation Next: Innovations in Micro-finance.” The program was held in Merida, the capital of Yucatan state, located in the heartland of the Mayan civilization with the support of the Ministry of Economy (Mexico) and its national micro-enterprise financing program (PRONAFIM).

The Summit was opened by Nobel Laureate Professor Muhammad Yunus, Mexican Minister of Economy, Ildefonso Guajardo Villarreal and Yucatan Governor Rolando Rodrigo Zapata Bello.

Yunus Invited to Launch Social Business by Palermo Mayor

Professor Yunus in a meeting with Mayor Leoluca Orlando

Professor Yunus was invited by Mayor of Palermo, Senator Leoluca Orlando to meet him at his office in Sicily's capital on August 7, 2014.

Nobel Laureate Professor Muhammad Yunus was invited by Senator Leoluca Orlando, Mayor of Palermo to meet him at the Mayor’s office Villa Niscemi in Sicily's capital on August 7, 2014. The President of the Municipal Council Salvatore Orlando and the President of the Council of cultures Adham Darawsha attended in the meeting among others. Mayor, already well informed about the concept of social business, wants to launch a social business to address the problem of youth unemployment in Palermo city. He proposed Professor Muhammad Yunus to apply the idea of Social Business in a joint project for women and youth with the use of assets confiscated from Mafia. Mayor Orlando has successfully clamped down on the notorious Mafia of Palermo, and has confiscated a large part of its assets. During his visit to Mayor’s office nearly 50 Bangladeshis came to meet Professor Yunus. Three elected Bangladeshi council members joined the Mayor in his discussion with Professor Yunus. Mayor announced that Bangladeshi community has become the largest foreign community in Palermo as of last month. Still this time, Tamils were the largest community in this historical city of 700,000 people. There are more than 10,000 Bangladeshis in the city. Of 21 city council members, three are from Bangladesh. University of Palermo with 50,000 students offered to confer an honorary degree to Professor Yunus during his next visit and the university Rector expressed his interest in getting his faculty members and students involved in social business project in Palermo. Professor Yunus also had a lunch meeting with the faculty members.