BACKGROUND
A Joint venture Social Business company of Japan & Bangladesh Specialized in Food & Agriculture.
Nobel Peace Prize laureate Muhammad Yunus popularized the concept of Social Business which refers to a type of enterprise that combines social objectives with business principles.
In a social business, the investor/owners can gradually recoup the money invested but cannot take any dividend beyond that point.
The purpose of the investment is purely to achieve one or more social objectives through the operation of the company, no personal gain is desired by the investors. The company must cover all costs and make a profit at the same time achieve the social objective.
On the basis of that idea, Mr Satake took the initiative to form a joint venture company which is known as Grameen Euglena.
Grameen Euglena was a joint venture company started between Grameen Krishi Foundation (GKF) and Yukiguni Maitake Co., Ltd. (YMC) and Kyushu University and the name was Grameen Yukiguni Maitake Ltd., YMC, Japan had transferred its share to another Japanese company named Euglena co., Euglena co., is a Japanese company which aims to establish a carbon cycling society using the microorganism euglena. Euglena grows up using CO2 by photosynthesis. Euglena is highly rich in protein. It can be used as a food source for human beings and also as a feed for pets and culture fish. Euglena Co., Ltd. Japan has owned the shares of the company by FDI (Foreign Direct Investment) to be a part of building the social business in the field of agriculture for Mung Bean production.
Social Business initiative
It is the first Social Business initiative in coordination with Japan and the first in the world in the area of agriculture where the main beneficiaries are Bangladeshi poor farmers. Euglena co., Japan has another project for non-facilitated primary school-going slum children named “euglena GENKI Program”. Under this program euglena co., Japan is providing one type of special biscuit packet among the number of 7,500 non-facilitated primary school-going slum children every day. This biscuit packet contains euglena which contains 59 different types of nutrition that are found both in plants and animals. which can fulfil the demand for the nutrition of no-facilitated children in the society of Bangladesh.
Grameen Krishi Foundation
Grameen Krishi Foundation assists the nation in achieving self-sufficiency in food production and ensures food security for the rural poor people to provide credit, with input credit facilities, training and technical support for crop production and diversification on both on-farm and off-farm activities for marginal and small farmers for the development of an improved and integrated farming system.
Euglena is a Japanese company. The company is aiming to establish a carbon cycling society using the microorganism euglena. Euglena grows up using CO2 by photosynthesis. Euglena is highly rich in protein. It can be used as a food source for human beings and also as a feed for pets and culture fish.
- To undertake the production of Mungbean by local farmers.
- To create employment opportunities for the rural farmers of Bangladesh.
- To create employment opportunities for rural women (Grameen ladies) in the production, harvesting & processing activities of Mungbean.
- To create social welfare services for the rural people of Bangladesh from its profit in-
Health service
Education
Technology
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ACTIVITIES & ADDRESSING OF CLIMATE CHANGING ISSUE
The Joint Venture aims to produce high quality mung beans in Bangladesh for both domestic consumption and export to Japan. It is expected that 60 to 70 percent of the mung bean will be exported to Japanese market through YMC while 30 to 40 percent will be sold in the local market. At present GYM is working in the three parts of Bangladesh.
- West area
- South area
- Coastal area
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The Ministry of Agriculture (MOA) of the Bangladesh Government requested formally that GYM would cooperate to cultivate in the southern area for agricultural development and GYM signed MOU with the Department of Agriculture Extensions (DAE).
STORY of MUNGBEAN & MOYASHI (SPROUT)
Grameen euglena is to undertake the production of Mung Bean by local farmers affiliated with GKF. Mung Beans are a part of the legume class of plants, green in colour and oval in shape. These beans are widely produced and consumed in regions of South-East Asia besides India, China, Japan and Bangladesh. Mung Beans can be consumed raw, boiled, sprouted, and cooked. Bangladeshi People are used to taking it as curry by cooking. Japanese people eat it as a sprout whose Japanese name is Moyashi.
WAY FORWARD
The first shipment was sent to Japan in December 2012 opening a new horizon. Grameen Euglena has gathered experience of export Mung Bean for several years up to 2014.
ACTIVITIES IN IMAGES
Green Mungbean Field
Farmers Training
Skype meeting with farmer group leader
