Grameen Danone foods ltd., Bangladesh
The danone.communities FPS made its first investment in Grameen Danone Foods Ltd., a company created in 2006 in Bangladesh at the initiative of Grameen Bank and the Group.Grameen Danone Foods Ltd. is a social business that built a factory for manufacturing micronutrient-fortified (vitamin A, zinc, iron and iodine) yogurts. Sold at a very affordable price to the poorest families by “Grameen Ladies” and in small retail stores, these yogurts make it possible to combat children’s nutritional deficiencies. In addition to its beneficial health impact, the project also aims to create local jobs to increase living standards in the community, protect the environment and save resources.In 2012, the Group agreed to participate in the capital increase implemented by Grameen Danone Foods Ltd. to finance the launch of new products and the future expansion of the company, insofar as it was not possible to find new investors willing to participate in this capital increase given the local political climate.