Yunus and Japanese NGO to set up a new business hub

Photo: Yunus Centre

The father of the social business concept, Muhammad Yunus, joined hands with yet another NGO to create a social business that offers vocational training programs and new job opportunities particularly for young people in Bangladesh coming from disadvantaged families.

Kazuoko Sumino, President of SK Dream, a Japanese NGO, and Professor Yunus signed a memorandum of understanding on Friday at the annual Social Business Forum Asia in Fukuoka, Japan. Sumo is the founder of SK Dream, an organisation that supports disadvantaged people and her husband’s family established the famous Autobacs chain stores across Japan.

SK Dream and Yunus plan to collaborate on the creation of a social business hub on automobile workshop and auto mechanic training centre in Bangladesh with Japanese investment and technology. The new social business is scheduled to begin its work in Bangladesh in June 2013 and will offer training in the field of auto mechanics at various levels of proficiency. The venture also aims to produce automobile spare parts in the future.

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