Six new projects launched at Social Business Design Lab

Participants of the 329th Social Business Design Lab are seen with the Nobel Laureate Professor Muhammad Yunus with the Olympic torch. Yunus Centre organised the lab at Grameen Bank auditorium in Dhaka on Saturday. Photo: Yunus Centre

The new business plans were presented and approved for investment at the 329th Social Business Design Lab Yunus Centre organised in Dhaka on Saturday.

Those were selected from around 150 participants from national and international organisations attended the event, with Nobel Laureate Professor Muhammad Yunus in the chaired, said a press release today.

The Nobin Udyokta (new entrepreneur) business plans were from the children of Grameen Bank borrowers. The projects are joint ventures with Grameen social business fund.

Since starting in January 2013, over 7,500 projects have so far been presented under the entrepreneurship development initiative. Of them, around 7,400 projects have been approved for equity funding ranging from Tk100,000 to Tk500,000 each.

The plans launched on Saturday included Nishbetganj Shatoranji Hostoshilpo by Amina Begum who sought equity to expand her handmade rug business.

Mozaffor Classical & Banshi by Mofazzal Mondol produces indigenous bamboo flutes and already exported to the United Kingdom and Tunisia. His craftsmanship impressed the audience.

Champa Rani, owner of Shoikot Bop, makes products of waste cloth materials to clean rusty steel. She wants to realise her dream of becoming self-reliant.

Morsheda Khatun and Eshrat Zahan Champa presented their businesses of tailoring and garments while Afroza Kutir Shilpo by Afroza Begum producing handmade fruits and vegetables baskets.

Prof Yunus thanked the participants for the innovative social businesses and noted that it was exciting to see that so many ideas are now business reality.

He also invited the participants to join the next lab scheduled to take place on October 20.

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