Grameen Nabeen Uddugta (NU), new entrepreneur, social business funding education and service in Bangladesh

Abstract

The researcher, Kazi A. Rouf, has conducted a research on the Grameen Bank Nabben Uddugta social business loan, the Grameen Nabeen Uddugta (NU) new entrepreneur social business equity funding (NUSBEF) project, and their impact on second-generation GB borrowers in Bangladesh in 2014-2015. He conducted the study and writes the preliminary report on the Grameen NUSBEF program attached to the Faculty of Environment and York Center for Asian Research (YCAR), York University. The purpose of this empirical policy research is to explore the policies, procedures, and strategies of this new social business equity funding project of the Grameen sister organizations, and to identify challenges facing second-generation GB borrowers in running their small social businesses in Bangladesh. The study examines whether second-generation GB borrowers participate in family and community green enterprises in a more egalitarian way than their parents; examine whether they are involved in recycling/repairing green businesses as an alternative to consumer credit; are advocates for the Sixteen Decisions of GB (a holistic socioeconomic and environmental messages), for alleviating rural unemployment and social injustice, and for other social issues. The study also intends to look at whether these borrowers encourage their neighbouring unemployed young to be involved in small business in order to address these social issues in Bangladesh. The research findings would help the Yunus Center social business design lab and the social business equity funding implementing agencies Grameen Bank and Grameen sister organizations to improve the social business funding program for better services to second-generation borrowers of Grameen Bank in Bangladesh. The research generates new knowledge of social and green financing and social and green-enterprise development that could be used by social and community green-financing organizations elsewhere in the world. The findings of the research have shared with Grameen Bank, the latter being the Grameen sister organizations’ executive.