ISSUE NO:06 | MAY 2015
SOCIAL BUSINESS PROGRAM UPDATES GRAMEEN TELECOM TRUST SIGNS JOINT VENTURE AGREEMENTS Joint Venture Agreement (JVA) with Red Worm Vermicompost Social Business Program Updates
Grameen Telecom Trust signs Joint Venture Agreements
Design Lab Updates
Nobin Udyokta Highlights
Investment Agreement with Nobin Udyoktas
Grameen Telecom Trust Brief
AGM and Board Meeting Held
Induction Program
First in-house Executive Design Lab
Awareness Session-Hepatitis B
Facebook Page of Grameen POSHRA Launched
Grameen Telecom Trust (GTT) is currently engaged in various social business projects to uplift prevailing socioeconomic conditions. On Saturday (20-1214), at the 41st Yunus Centre Social Business Design GTT signs JVA with Red Worm Vermicompost. Lab, held at the Grameen Bank Auditorium, GTT signed Joint Venture Agreement (JVA) with Red Worm Vermicompost. The ceremony was presided over by Chairman of Grameen Telecom Trust, Nobel Laureate Professor Muhammad Yunus. Ms. Parveen Mahmud (Managing Director, GTT) & Mr. Sazzad Hossain (Executive Director, Red Worm Vermicompost) signed the agreement on behalf of their respective organizations. GTT and Red Worm Vermicompost will jointly establish the social business initiative on the production of vermicompost - A Social Business for Organic Fertilizer. The social business focuses on the production of organic fertilizer. Vermiculture a culture of earthworms and microorganisms will be used to convert organic waste into black, earthy-smelling, nutrient-rich worm castings (worm feces). Vermicompost can be used in a wide range of products like gardening, agriculture purposes etc.
Joint Venture Agreement (JVA) with SDRS Solar GTT signed Joint Venture Agreement (JVA) with Social Development Rural Society (SDRS), on Saturday (20-12-14), at the
41st Yunus Centre
Social Business Design Lab, held at the Grameen Bank Auditorium, The ceremony was presided over by Chairman of Grameen Telecom Trust, Nobel Laureate Professor Muhammad Yunus. Ms. Parveen Mahmud (Managing Director, GTT) & Md. Golam Mostofa (Executive Director, SDRS) signed the agreement on behalf of their respective GTT signs JVA with SDRS Solar
organizations. GTT and SDRS will jointly establish
the social business initiative called ‘SDRS Solar Project”. The social business focuses on assembling of solar power generation related instruments, promoting green energy, social & economic advancement through technology & employment generation to uplift the quality of life of the ultra poor people in the area. Forty (40) people would be employed in this project where at least twenty-five (25) would be females. Also, the profit from this project will assist fifty (50) children to receive computerized digital education.
Joint Venture Agreement (JVA) with Green Tech Limited Grameen Telecom Trust (GTT) signed Joint Venture Agreement (JVA) with Mr. Sarkar Ardhendu (Ripon) on Monday
16th March, 2015 at
61st Social Business Design Lab, held at Grameen Bank Auditorium. The ceremony was presided over by Chairman of Grameen Telecom Trust, Nobel Laureate Professor Muhammad Yunus. Ms. Parveen Mahmud (Managing Director, GTT) & Mr. Sarkar Ardhendu (Ripon) signed the agreement on behalf of Grameen Telecom Trust GTT signs JVA with Green Tech Limited
and the managing partners.
GTT and Mr. Sarkar Ardhendu (Ripon) will jointly form a new social business company named ‘Green Tech Limited”, related to the Generation of Electricity & Production of Fly Ash Brick. The initiative will enable 2000 energy-deprived marginal households (comprising of approximately 10,000 people) to have
02 | Grameen Telecom Trust
access to electricity. It will be cost-effective for both current solar panel users who are very limited in number and people who do not have access to electricity at all, as biomass electricity will provide added services such as operation of light bulbs; refrigerator; television; etc. There will be an added impact of fly-ash brick project. Eco-friendly production process of fly-ash brick plant will substantially reduce pollution and will provide a good alternative to the highly-polluting conventional brick plants. A point to be noted is fly ash till today is a polluting by-product which is usually dumped over in the nature. Hence this plant will be an innovative source of converting a polluting agent to a raw-material.
DESIGN LAB UPDATES
Nobin Udyoktas’ with Professor Muhammad Yunus
16th, 2015 the total number of
presentation of new proposed projects and group
Design Labs conducted is seventy-one (71).
discussion suggesting improvements on those
Participants from different organizations attended
projects.
these programs. The Social Business Design
As of 9th April 2015, Grameen Telecom Trust
Labs were chaired by Nobel Laureate Professor
signed Investment Agreements with two hundred
Muhammad Yunus.
& twenty six (226) Nobin Udyoktas (New Entrepre-
The design labs were divided in three parts
neurs) and Operations Agreement on Ten (10)
update of past social business projects,
Social Business Projects.
So far till April
ISSUE NO: 06, MAY 2015 | 03
NOBIN UDYOKTA HIGHLIGHTS INVESTMENT AGREEMENTS WITH NOBIN UDYOKTAS Grameen Telecom Trust (GTT) signed investment agreements with two hundred & twenty six (226) Nobin Udyoktas (New Entrepreneurs) till 31st March, 2015. One Hundred and Fifty Three (153) Nobin Udyokta (NU) businesses are already in operation. These aspiring entrepreneurs are all children of Grameen Bank families who plan to start new businesses or scale up existing ones. GTT under its NU Program is providing assistance to them through investments and other ancillary services. The aim is to establish the youth as entrepreneurs who will be self employed and beyond self employment will create jobs for others.
INVESTMENT BREAKDOWN Nobin Udyokta Brief as of 31st March, 2015 No. of Business Offers Received
243
Equity Contribution Breakdown
NU Projects presented at SB Design Lab, Closed Session & Indoor Session
243
GTT
45%
Nobin Udyokta
55%
NU Projects approved and ready for investment
240
Agreements signed
226
NU Projects already in operation
153
Average Business Size
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Gender Breakdown Female
11
BDT 447,440 ($5745)
Male
215
($ 1 = BDT 77.89)
Total
226
SECTOR WISE INVESTMENT BREAKDOWN Investment Breakdown as of 31st March, 2015
ISSUE NO: 06, MAY 2015 | 05
GRAMEEN TELECOM TRUST BRIEF AGM AND BOARD MEETING HELD The 18th & 19th Board Meetings of Grameen Telecom Trust (GTT) were held on 23rd December, 2014 and 25th February 2015 respectively. The meetings were chaired by Honorable Chairman of GTT, Nobel Laureate Professor Muhammad Yunus. All departments updated the Board of Trustees on various operational issues. After the presentations and discussions, the board took a number of decisions and set future plans.
INDUCTION PROGRAM
Ms. Parveen Mahmud, MD, GTT welcomed the new employees
On Monday, 9
th
rd
March, 2015, 3
Third Induction Program of GTT
“Induction Program” was held for the new employees of Grameen
Telecom Trust (GTT) at the Social Business Learning Centre (SBLC). This training was tailored for an introduction to GTT mission, vision, HR and Administrative policies and the innovative concept of Social Business. The induction was conducted by Head of HR & Administration, Team Leader, Social Business & Program Support and Manager, Social Business & Communication. Ms. Parveen Mahmud (Managing Director, GTT) also welcomed the new employees and gave them guidance for strengthening GTT team through being a valuable asset for the company.
FIRST IN-HOUSE EXECUTIVE DESIGN LAB On Sunday March 8, 2015, the first “in-house executive design lab” took place at the Grameen Telecom Trust premises. The meeting was chaired by Trustee of Grameen Telecom Trust & Managing Director of Grameen Shakti, Ms. Nurjahan Begum. Also present in the
06 | Grameen Telecom Trust
meeting were Ms. Parveen Mahmud, Managing Director of Grameen Telecom Trust, Ms. Saleha Begum, Managing Director of Grameen Shakti Byabosha Ltd., Mr. Md. Ehsanul Bari, Managing Director of Grameen Krishi Foundatiom, Mr. Abdul Hai Khan, GM of Grameen Trust along with Senior Management Team of Grameen Telecom Trust.
AWARENESS SESSION-HEPATITIS B On Tuesday, March 24th, 2015, an awareness session of GSK (GlaxoSmithKline) about Hepatitis B took place at the Grameen Telecom Trust (GTT) premises. This arrangement was necessary to provide an informative and insightful session on Hepatitis B. Hepatitis B is a potentially life threatening liver infection caused by the Hepatitis B virus. The session created awareness for the employees of GTT to know about the disease and its treatment and preventive methods. Also present at the awareness program was Ms. Parveen Mahmud, Managing Director of Grameen Telecom Trust along with other senior officials of GTT.
Awareness session of GSK about Hepatitis B
ISSUE NO: 06, MAY 2015 | 07
FACEBOOK PAGE OF GRAMEEN POSHRA LAUNCHED On
Wednesday
March
25,
2015,
the
inauguration of Facebook Page of Grameen POSHRA took place at the Grameen Telecom Trust (GTT) premises. It is an innovative way to sell Grameen POSHRA products through F-Commerce. Grameen Poshra promotes market linkage to create sustainable income opportunities for the grassroots producers. Products are produced by the poor, disadvantaged thus encouraging employment generation and economic development. Trustee of Grameen Telecom Trust & Managing Director of Grameen Shakti, Ms. Nurjahan Begum graced the occasion, praised and congratulated GTT & POSHRA team for their innovative idea. Also present in the ceremony were Ms. Parveen Mahmud, Managing Director of GTT, Mr. Md.
Ashraful Hassan, CEO of
GTT along with Senior Management Team of GTT and the POSHRA team.
Facebook page of Grameen POSHRA launched
SAVE THE DATES Social Business Day 2015 May 28, 2015
Global Social Business Summit 2015
Venue: Bangabandhu International Conference Center (BICC), Bir Uttom Khaled Mosharraf Avenue, Agargaon, Sher-E-Bangla Nagar, Dhaka - 1207, Bangladesh
Published by Grameen Telecom Trust Corporate Office: House-132, Road-2 Block-A, Section-12, Pallabi, Mirpur, Dhaka 1216 Tel: 88-02-9034733 | 9034744, Fax: 88-02-9023916 Email: info@gtctrust.com Website: www.gtctrust.com | www.socialbusinesspedia.com/ Follow us on www.facebook.com/gtlctrust
November 03-07, 2015 Berlin, Germany
Grameen Telecom Trust
Editorial Team:
Advisor
Abu Md. Munayeem
Professor Muhammad Yunus
Nudrat Faria Shreya
Executive Editor Parveen Mahmud FCA
Muhammad Faisal Alam