without Poverty—Social Business and the Future of Capitalism: Type I Social Business focuses on businesses dealing with social objectives only. E.g.: The product produced is for the benefit of the poor or targeted to solve a specific social problem. Grameen-Danone is an example of Type I social business. The Shokti Doi yogurt produced in the plant in Bogra‚ Bangladesh‚ is fortified with micronutrients that are missing in the poor children and it is targeted to fight malnutrition. If malnourished children
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nets‚ under brand name Interceptor® utilizing BASF’s technology Dhaka‚ Bangladesh – March 23‚ 2012 – BASF Grameen Limited‚ a social business joint venture between BASF‚ the world’s leading chemical company‚ and Grameen Healthcare Trust of Bangladesh‚ can now source from a local production plant located in Social Business Industrial Park in Sarabo‚ the plant owned and operated by Grameen Fabrics & Fashions Limited‚ will manufacture long lasting insecticide impregnated nets under the brand name
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Bibliography: Websites 1. Microcapital.org Story: Australian Bank ANZ Amasses 10 million Fijian Dollars (USD 5.3 million) in Deposits through Mobile Rural Banking Program http://www.microcapital.org/microcapitalorg-story-australian-bank-anz-amasses-10-millionfijian-dollars-usd-53-million-in-deposits-through-mobile-rural-banking-program-in-fijilaunched-in-2004-in-conjunction-with-the-united/ 2. Banks in microfinance‚ guidelines for successful partnerships http://pdf.dec.org/pdf_docs/PNADD684
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considered have an equivalent monetary expression. (3) The only channel of communication between individuals is prices. 4) All the social relations and social ambits are considered as market exchange transaction. Concept of Microcredit and Grameen Bank Poverty is one of the vital problems of the third world countries‚ and to elevate poverty microcredit has become the most popular approach to address this undesirable phenomenon. According to Jonathan Murdoch‚ Chairman of UN Expert Group on Poverty
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the founder of Grameen Bank‚ joined Roberto Bocca‚ director of emerging consumer markets at BP Alternative Energy; Lynne Dovey‚ director of strategic planning at the Ministry of Economic Development in New Zealand; Shaikh Saleh Al-Turki‚ the chairman of the Jeddah Chamber of Commerce and Industry‚ and Omar Shaban‚ director of operations at Cisco NetVersity to look at the ways in which business can be modeled in order to help the poor. Muhammad Yunus related the story behind Grameen Bank and shared his
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services including saving and technical assistance to the poor people. Features of Micro Credit: In the micro credit system‚ service providers go to the doorsteps of the poor based on the principle that the people should not go to the bank rather than bank should go to the people. The other important features of micro credit are: • Micro credit is given with minimum paperwork. • Workers have to make regular visit to the borrower’s premises to offer advices and supervision. • Micro
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Multinational Companies in Bangladesh Bangladesh Is a developing country of Asia. There are many multinational companies doing business based on peoples’ choice and demand in Bangladesh. Some of the most important multinational companies are as follows. 1.Nestle Bangladesh: Nestle is the world’s leading nutrition‚ health and wellness company founded in 1866 * Its head office located in Geneva‚ Switzerland. * Nestle started official production activities in Bangladesh in 1994 * It
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with a loan of $27 to 42 women in a small village 33 years ago has grown into a global microcredit movement that has changed the lives of millions of poor people around the world. Muhammad Yunus‚ founder and managing director of Bangladesh’s Grameen Bank‚ was the guest speaker at Wharton’s MBA commencement on May 17 and the recipient of an honorary doctor of laws degree during the University of Pennsylvania’s commencement on May 18. Yunus spoke with Knowledge@Wharton about his successes‚ challenges
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1. Introduction The aim of the following paper is to value the impact that microcredit’s have as an instrument against Poverty. It presents the international impact that microcredits have had. The international community has realized that it is necessary to bring resources to the neediest people. The figure of microcredit has a double function: it generates social benefits and teaches people to understand that their work can improve their standard of living. As popular or innovative can
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2013 Contents How would you describe the system of control in the Grameen Bank? ......................................... 2 How does it contribute to the success of the bank’s vision and mission? ...................................... 3 What are the potential positive benefits of concertive control system‚ are there positive components or outcomes associated with the concertive control system at the Grameen Bank? .. 4 References: ...................................................
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