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A platform for entrepreneurs to launch their social businesses
Published : 04 Jan 2017, 22:22:03 FE Special The Blue Gold Innovation Challenge (BGIC) launched its activities at a ceremony on December 18, 2016. It was held at Moar, Banani 11, Dhaka Bangladesh. The launching ceremony was attended by representatives from NGOs and entrepreneurs from all over Bangladesh.BGIC is being organised by YY Goshti, a social business incubation hub in collaboration with Blue Gold Programme with financial contribution from the Netherlands Governm...
Dr Yunus receives gold medal from Modi
Published : 04 Jan 2017, 20:50:40 Indian Prime Minister Narendra Modi honours Nobel Laureate Professor Muhammad Yunus with a gold medal for his contribution to the society. The gold medal was handed over to Dr Yunus during the inaugural ceremony of the 104th Indian Science Congress in India on January 3, 2017, says a press statement, reports UNB.Professor Yunus received this award along with five other Nobel Laureates who were invited as the key speakers in the Congress. Chan...
Govt to approve Yunus' nursing college plan: Minister
Govt to approve Yunus' nursing college plan: Minister Minister for Housing and Public Works Engineer Mosharraf Hossain said the government will approve the design for a nursing college in Chittagong within a week, reports bdnews24.com.Dr Muhammad Yunus on Saturday alleged that it is 'difficult' to get government approval for projects carrying the name 'Grameen'.The Nobel Peace laureate brought the allegation on the second day of the three-day 180th anniversary celebrations of Chittagong...
Yunus Centre inks MoU with CJCU to establish YSBC
Yunus Centre inked a memorandum of understanding (MoU) with Chang Jung Christian University (CJCU) to establish Yunus Social Business Centre (YSBC) for the promotion of social business concept. The MoU was signed at the 437th Social Business Design Lab on Monday at the Grameen Bank Auditorium in capital city.Yung-Lung Lee, President of Chang Jung Christian University in Taiwan and Nobel Laureate Professor Muhammad Yunus signed the MoU on behalf of their respective organisations. N...
Rural credit policies - a critique
In Bangladesh, inception of the formal financial system for providing rural credit started with the establishment of the Agricultural Development Bank in the 1960s. Later, the government also encouraged commercial banks to set up branches in rural areas for financial inclusion. In 1977 a special agricultural credit programme called, "Matir Dak" was launched. As a result the number of branches in rural areas increased tremendously. The rural branches were engaged both in collecting saving...
Transition of microfinance
Elisabeth Rhyne, Managing Director of Center for Financial Inclusion, visited Bangladesh a few years back and wrote about microfinance in the country. Her article was published in the World Post with the title 'Microfinance in Bangladesh: It's not What You Thought.' Arguably, the sector has been passing through remarkable changes over time. "Ask a casual observer to describe microfinance, and most likely he or she will mention Bangladesh and tiny group-guaranteed loans for women. But on a recent...
Humane and innovative microcredit assistance
The origin of micro-credit or micro-finance is in Bangladesh. Micro-credit, contrary to conventional banking practice, does away with the need for collateral to develop a banking system based on mutual trust, accountability, participation and creativity. The Grameen Bank (GB) translated this concept, first of its kind in the modern world, into reality in Bangladesh. As of December, 2015, the Grameen Bank had 8.81 million borrowers, 97 per cent of whom are women. With 2,568 branches...
Paris adopts Yunus' three zeroes as Olympic theme
Paris, the city vying to host the 2024 Summer Olympics, has decided to give central role to Nobel Laureate Professor Yunus' three zeroes vision – zero poverty, zero unemployment and zero net carbon emissions – in its bid for the Games. On November 8, micro credit pioneer Yunus and Paris Mayor Ann Hidalgo together with the President of Candidate City for the Olympics signed a three way agreement for integrating social business as a central pillar of the city's candidacy ...
Social business economics, capital formation and individual incentives
The concept of microcredit (MC) has gained a momentum around the world. To some it built economic resilience at a great speed. Contrarily, some did not hesitate to dub it as 'rise and fall of microcredit.' We are, however, yet to analyse it in numerical terms and quantum as to which segment outweighs the other. Be that as it may, we tend to concentrate on the far-reaching offshoots of MC envisioned of late i.e. Social Business Economics (SBE). Knowing it at length and breadth of 'no risk...
George Washington Univ medal for Prof Yunus
George Washington Univ medal for Prof Yunus Nobel laureate Prof Muhammad Yunus has been awarded the George Washington University President’s Medal. This is the highest honour the university’s president can bestow. George Washington University President Steven Knapp presented the award to honour Prof Md Yunus, founder of Grameen Bank, for his pioneering work in creating economic development through microcredit, during a ceremony at Lisner auditorium, according to a news agency. &nd...
Shirin, Muhith, Raushan, Khaleda, Yunus hails Bangladesh cricket team
Shirin, Muhith, Raushan, Khaleda, Yunus hails Bangladesh cricket team Speaker of the parliament and executive committee's chairperson of Commonwealth Parliamentary Association (CPA) Dr Shirin Sharmin Chaudhury hailed the national cricket team for their historic Test victory against England. n a message, Shirin said it's a big achievement for Bangladesh to earn Test victory such a strong team like England and congratulated the players, coaches, officials and Bangladesh Cricket Board...
Incorporation of professionalism and creativity
Incorporation of professionalism and creativity If those people who have at least once 'really' been to a club close their eyes and try to fumble through all those tucked away memories from their club life, it wouldn't be of those moments of accomplishment but of the bumpy road they took to get there, it wouldn't be of those successful events or workshops but of the sleepless nights before that, it wouldn't be of an organisation of people working in a hierarchy but of a family who cared for one...
'Devote part of dev aid to fund social business'
Prof Muhammad Yunus (R) with Canadian Finance Minister Bill Morneau who visited him at his hotel during his visit to Canada. Nobel Laureate Professor Muhammad Yunus has advocated to exclusively devote part of development aid to financing social business initiatives. He made the call during his meeting with the Canadian Finance Minister Bill Morneau who visited him at his hotel on Friday. They discussed development strategies including the role of social business.During the hour...
Yunus urges youths to build world with own dreams
Yunus urges youths to build world with own dreams Nobel Laureate Prof Yunus urged the young generation not to accept the world that is handed to them, but build the one according to their own dreams. Yunus said this in a speech he delivered at the inaugural session of the One Young World Summit in Ottawa on September 28, said a press release on Saturday, reports UNB.The three-day summit brought together 1,300 young leaders from more than 196 countries. Yunus' keynote speech a...
Micro-credit: Increasing demand for reducing interest rates
Micro-credit: Increasing demand for reducing interest rates Micro-credit programme of Bangladesh is well known throughout the world. It is being implemented by microfinance institutions (MFIs), state-owned commercial banks, private commercial banks, and specialised programmes of some ministries of Bangladesh government. The programmes are financed through savings collected from clients, cumulative surplus (profit), concessional loan received from sources such as the Palli Karma-Sahayak ...
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