Nepal Social Business (NSB)
Nepal Social Business (NSB) is a joint initiative of Lions Club International Foundation (LCIF) and Chaudhary Group (CG). The partnership, which started in July 2014, aims to address various issues faced by Nepal through developing social businesses. This is made possible through increased awareness, incubation and investment in businesses across the country. NSB’s ultimate goal is to reduce poverty by investing in sustainable and ethical businesses that run in a socially impactful way.
As a result, more than 100 entrepreneurs have been trained and 33 projects have been incubated. Out of those 33 projects, 12 projects have received investments – 10 of which are in the Mid-Western Development Region and two are in the Far Western Development Region of Nepal.
100 entrepreneurs have been trained and 33 projects have been incubated
Enterprise development, which takes place in six of Nepal’s districts, addresses relevant social issues and aims to reduce poverty levels through the advancement of social businesses within an area. The enhanced economic status of people living in those areas, as well as the employment that is consequently created by social business efforts, is vital to reaching Nepal’s target of reducing poverty to below six percent by 2030.
Work ethics, values and aspiration for economic growth are themes incorporated in the incubation training, as well as the daily running of the businesses. These themes are monitored through a social impact matrix, which ensures the business to run in a more socially impactful and ethical way.
This project supports SDGs: