Celebration of World Social Business Day!!!
28 June 2016
What is Social Business?
• Concept developed by Nobel Peace Prize laureate Professor Muhammad Yunus
• Business created to address a social problem
• A non-dividend company that is financially self-sustainable
• Profits realized by the business are reinvested in the business itself or used to start other social businesses, with the aim of increasing Social Impact
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World Social Business Day
Every year, World Social Business Day is observed to celebrate, share and discuss various ideas
of social business.
It is a platform to connect and innovate, and promote social business development with joy!
The theme of 2016 is, “Can Wealth Concentration Be Stopped?”
CG-Nepal Social Business (CG NSB), the social business development unit of Chaudhary Group (CG), in facilitation of Chaudhary Foundation (CF), the philanthropic arm of CG took the opportunity to observe World Social Business Day. We invited participants and guests from various organizations comprising of the government, development, and corporate sectors to be a part of this event where selected student participants exhibited their creativity on social business through various performances in presence of high level dignitaries, national and international partners, and President of Chaudhary Group Mr. Binod.K.Chaudhary. The event also highlighted the MOU signing with National Microenterprises Federation of Nepal for our project Unnati, the skill development and livelihood program. The program was observed by His excellency, Glenn White the Australian Ambassador to Nepal and the deputy country director of UNDP Ms. Sophie Kemkhadze.
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