Chaudhary Foundation Newsletter

Newsletter Vol 01 No. 02
November 2016 - April 2017

NSB Incubated 100+ Entrepreneurs and Invested Six Businesses

Nepal Social Business (NSB), in its journey to promote social business in Nepal has incubated more than 100 entrepreneurs and invested six businesses in different parts of Far-western and Mid-western Nepal. During three years of its establishment, NSB, the joint initiative of Chaudhary Foundation and Lions Club International Foundation was able to achieve a significant success. Social Business is the new approach to apply business principles to address social issues in financially sustainable manner. This new approach propounded by Professor Muhammad Yunus in Bangladesh now exist in many parts of the world. NSB is the pioneer to promote social business in Nepal based on the principles of social business developed by Muhammad Yunus. Among the businesses incubated and invested by NSB, two are running in Jumla.Whereas in Dang, Dhadeldhura, Salyan and Kailali district we have one business running in each district.

Organic Fruits and Food Processing is producing dried apple slices and pulse of black beans. This business is established in Chandannath-15, Jumla; the rural mountaineering district of Nepal aiming to process the various indigenous food items such as dried apple rings, processed pulses etc. and to create marketing for those products. The final products are especially being sold in local market. However, the entrepreneurs are promoting its products in different parts of Nepal by participating in various farmers market and other festivals. The business is not only promoting and marketing the local organic products but also creating employment for local people.

One the other hand, Karnali Miteri Udhyog is producing muffins with micro-nutrients and selling it in the market currently. This factory is established in Kudari-6 Jumla in order to reduce malnutrition in Jumla and other neighboring area. A special focus of this project is to produce the food containing the ‘right’ micronutrients and identifying a distribution channel, reaching to the ‘right’ families and educating them about the ‘right’ food habit. This factory is established to produce ready to eat food like cookies, fortified flour and nutrition bar for children and pregnant and lactating mothers and selling the products at reasonable and affordable price.

Similarly, Ajayameru Tamrakar Metal Products in Dadeldhura is producing utensils and agriculture equipment's made of especially copper and other metals as well. As per, objective of company, people from Tamrakar community have increased its income. This company provides raw materials to the people from Tamrakar community and takes back the ready made goods providing reasonable wage to them. This business is established in Amargadhi-5, Dadeldhura aiming to secure the traditional occupation of the marginalized Tamrakar community of the neighboring area. This community falls under so-called lower caste and producing metal handicrafts and agricultural equipment is their traditional occupation. With higher competition from Indian and Chinese goods , the cultural and traditional work of this community is in the verge of extinction. This is our small initiative to preserve their traditional values and put them into entrepreneurial mechanism for sustainable economic solution and cultural preservation of the community.

Mahalaxmi Bags establihed in Tikapur, Kailali is producing eco-friendly bags as well as normal laptop bags and selling those products in local market at reasonable price. This factory is established in semi-urbanized area aiming to reduce the plastic in the local area. These bags are being produced by this factory and the entrepreneurs are coordinating with various organizations to increase the use of eco-friendly bags instead of the normal polythene bags with smaller micron.The business has become very helpful to control environment pollution in the area. Also this factory is producing and selling school bags and laptop bags in reasonable price supporting academic students.

Likewise, Dang Hosiery and Garments is producing school dresses as well as normal winter clothes such as sweaters and trousers. This company is established in Tulsipur-5, Dang aiming to provide employment for women especially from marginalized community. This project itself is headed by Ms. Sarita Gupta who is woman from marginalized Madeshi community. Currently, more than 10 women are directly employed, producing school uniforms and different garments.

Also, Bageshwori Nursery, the agriculture based project promoted by NSB was established in Kotmaula of Salyan. This area is one of the recognized pocket areas for orange and ginger production and there is great potential to produce pomegranate and other citrus items. It is one of the biggest nurseries of Salyan District which can produce huge amount of organic sapling of orange, lemon, pomegranate etc. We would further supply in the local as well as neighboring area. It is expected to be helpful to make Salyan district independent regarding fruits farming in a long run.

The preliminary social impact from these businesses could be realized significantly in this initial phase. However, there is a lot to do in order to create sustainable social impact and establishing the concept of social business as a tool to alleviate poverty and other social issues. We are already in this journey and we would like to enlighten our community with social entrepreneurship.