France’s Danone and Grameen Group Make Bangladesh Microfinance Investment through Joint Venture

The French company Danone will form a joint venture with the Grameen Group to facilitate entry into Bangladesh. The innovative approach to market penetration involves making loans to dairy farmers, who will supply a Danone-built yoghurt factory. In a recent comment, the company’s chief executive said that "we want to test this economic model; if it works we can think about [using it in] countries where our classic model doesn’t work.”

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