Grameen Danone Foods Limited is the first social business enterprise of its kind in the world. Considering the high rates of micronutrient deficiencies in Bangladeshi children, Franck Riboud (Chairman and CEO of Danone- 2005) and Professor Dr. Muhammad Yunus (founder of Grameen microcredit bank and 2006 Nobel Peace Prize Laureate), announced the creation of Grameen Danone Foods Limited by combining the expertise of Danone in dairy and the experience of Grameen in micro-credits for deprived populations. Founded in March 2006, Grameen Danone Foods Limited started its operation with two broad objectives of providing health through nutrition and creating employment opportunities among vulnerable communities.