Business solving social problems

Euglena Co (below as EUG) has aimed to create job opportunity and increase income for Bangladeshi poor farmers though social business exporting 50% of purchased Mungbean from Bangladesh to Japan and supplying the rest 50% to local consumer with reasonable price.

In Japan, Mungbean which is the raw material of "Moyashi Sprout" is totally depended on importing and also its almost part is depending on 1 country, China. The import price of Mungbean has also increased 3 times compared with 15 years ago. On the other hand, in Bangladesh, it has been a challenge for many years that 48 % of population works related with Agriculture and 70 % of them lives in rural area facing poverty.

EUG aims to solve the challenges in both countries. EUG contributes farmers by providing a technology how to produce better quality of Mungbean, and by making a profit through purchasing the harvested product directly with better price than local market. The purchased quality products are exported to Japan and it contributes Japanese market as a sustainable supply source of Mungbean.

In addition, since 2019, EUG has started cooperation activity with World Food Programme (WFP). By supplying the farmers' Mungbean to WFP shop operated by WFP in Rohingya Refugee camp, it also contributes solving a food shortages and a malnutrition problems which Refugees faced.

-Commitment

EUG will take the lead in sustaining and expanding a business as follows to solve the social problems which Bangladeshi smallholder farmers and Rohingya refugees face.

EUG plans to increase the number of contract farmers from 2,000 in 2020 to 7,000 in 2022, which will increase the food supply to Rohingya refugees from 1 million in 2020 to 5 million in 2022.

EGG will implements technical guidance and capital investment for sorting and processing also to increase productivity and reduce costs of local agricultural production. It will promote the independence of local farmers and aim for long-term continuation.

Many of our operations are restricted under the influence of Covid-19. But, by collaborating with Japanese Government agencies, UN agencies and local stakeholders and by utilizing our private sector's knowhow and experience, EUG shall achieve to make our activity universal as ideal role model of public-private partnership.