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

A Memorandum of Understanding (MoU) was signed jointly by Narottam Aryal, executive director of King’s College, and Nobel Laureate Prof Dr Mohammad Yunus, chairman of Yunus Centre, on Tuesday in Dhaka.

The agreement envisages developing and expanding a framework of cooperation between Yunus Centre and King’s College for the formation of YSBC to promote Professor Yunus’s vision of alleviating poverty by implementing the concept of Social Business via 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 cultures and values that drive business and social changes.

So as to achieve the goals of the MoU, “Yunus Social Business Centre” (YSBC) at  King’s College, Kathmandu will organise 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,” said Aryal.

“It’s a great honour to be associated with Yunus Centre 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.”