Nepal
Social Business is first of its kind initiative in Nepal where social
business’s seven principles coined by Noble Laureate Professor Muhammad Yunus
is being implemented. It is a joint initiative of Chaudhary Group’s CG NSB and
Lions Clubs International. Nepal Social Business aims to address social issues
faced by our nation through social business. Its mission is to help social
businesses to grow in Nepal, which solves social problems while at the same
time is self-sustaining and with the potential to grow and scale itself.
Core
activities of NSB will be to do awareness, incubation and funding. Awareness
will be to spread concept of social business. In incubation we will do
trainings, mentoring and expert consultations. After incubation they will invest
in the concept that will be developed into Social Business Plans. They will
invest into the best social business ideas and help them to grow.
Social
issues faced by society are getting more complex and dynamic that they cannot
be addressed solely by governments and traditional social-sector organizations.
Social business is a new approach which applies social business principles to
address social issues in economically sustainable manner. Social Business is a
combination of a NGO and a business. It has a social objective similar to a NGO
and it is financially sustainable like a business. According to Professor
Yunus, the father of social business, it is a financially sustainable
organization solely to solve social problem. Whereas, original investment may
be recouped, all potential profits and interest are reinvested to further
improve and diversify the social impact. For countries like Nepal which are
highly depended on donor funds, social businesses can become a change for
sustainable as well as socially fair development. With its focus on social
impact and sustainability NSB believes that through creation of social business
we can accelerate the development of Nepal and solve our pressing social needs.
The projects pass through various committees: Social Impact Assessment (SIA)
Committee, Incubation Committee and Investment Committee. The independent SIA
Committee will do detail assessment of the proposed concept after they have
been incubated. They will look at for some detail information on how the social
impact will be made through this social business and how significance is the
impact. After the approval from this committee it will be presented to
Investment Committee.
Chaudhary
Group started its partnership with Yunus Center in December 2012 to implement
social business in Nepal in form of CGNSB. In July 2014 during Lions Clubs
International Convention in Toronto, CG Nepal Social Business (CGNSB) and LCIF
signed official partnership and formed Nepal Social Business.
They have started incubation of four Pilot Projects in Jumla. Four projects are:
1.
Karnali
Miteri Udhyog – Porridge Factory to address Malutrition
2.
Tatopani
Ecotourism – Ecotourism development at Tatopani VDC for environmental
management and support livelihood
3.
Organic
Phaphul Tatha Khadhya Prasodhan – Industry to collect, process and market local
organics fruits and vegetables to promote healthy living and support
livelihood.
4.
Miteri
Shanti Batika – Learning and Peace Center to involve youth and to organize
social activities with multipurpose hall, yoga hall, library etc.
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