King's College signs MoU with Yunus Centre

Kathmandu, Nov. 24: King’s College, a business school in Kathmandu under the affiliation of Westcliff University, US, has sealed an agreement with Yunus Centre Dhaka, Bangladesh to establish ‘Yunus  Social Business Centre (YSBC)’ at King’s College, Kathmandu.

The Memorandum of Understanding (MoU), signed jointly by executive director of the college Narottam Aryal and chairman of Yunus Centre Nobel Laureate Prof. Dr. Mohammad Yunus on behalf of their respective organizations on Tuesday in Dhaka Bangladesh, envisages to develop and expand a framework of cooperation between Yunus Centre and King’s College for the formation of YSBC.

According to a press statement issued by the college, the main aim of the centre was to promote Professor Yunus’s vision of alleviating poverty by implementing the concept of social business through mutual understanding and cooperation.

“King’s College aims at promoting mutual understanding and co-operation in areas of common interest in education, research, information sharing and gathering and action plans so as to deepen an understanding of each other’s culture and value that drive business and social changes,” read the statement.  

Both the organizations will organize student and faculty exchange and learning visits so students and faculty members can learn first-hand techniques and programs which have been set up to assist the economic development of the poor in developing countries.

“King’s College has always believed in transforming Nepal through social entrepreneurship. It’s a great honour to be associated with Yunus Center and we believe this collaboration with the world’s champion is social entrepreneurship will help achieve its mission of promoting social entrepreneurship in the country,” said Aryal.