Women entrepreneurs take lead at Social Business Design Lab

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Staff Reporter :
The 71st Social Business Design Lab organized by Yunus Centre took place on Thursday at the Grameen Bank Bhaban. The half-day long program was chaired by Nobel Laureate Prof Muhammad Yunus, and brought together more than 130 participations from Bangladesh and abroad coming from diverse backgrounds.
About 885 social business projects had been presented in the 70 labs organized to date since January 2013, of which 860 had been approved for investment, most of which were already in operation.
Six new Nobin Udyokta – new entrepreneurs from
Grameen Bank families – presented their business plans in yesterday’s lab. Remarkably, four of the six entrepreneurs were young women.
The businesses presented were Choa Boutiques by Ms Mafia Parvin making embroidered and applique bedspreads and covers ; Taslima Shoes by Md Al Amin producing fancy footwear; Naznin Handicraft by Ms Najnin producing creative and colourful beaded, cloth and a variety of other handicrafts; Shahed Decorator by Ms Poly Begum; Forhan Cow Fattening Farm by Md Forhan Firoz Rony and Khuku Mudi Store by Ms Khuku Rani.Ms Khuku Rani came from Thakurgaon. She began her business with Tk 2000 and that has grown to Tk 83,000 by dint of her own efforts. Investment from Grameen’s social business fund would add another Tk 1.5 lakh to her business. Ms Poly Begum’s business was unusual in that decorator business is traditionally run by men.
Their presentations provided details of their business plans, details of the investment needed, monthly and annual profits, break even point for the business, and payback period of their investment. The projects were discussed in detail in plenary and in group discussions. All six were approved for investment through social business fund.
In addition, Grameen Shakti Samajik Byabosha signed six new Nobin Udyokta projects and Grameen Kalyan also signed MoU with six new Nobin Udyoktas today.
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