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Professor Muhammad Yunus and The Green Children to Open First Grameen Eye Hospital in Bangladesh on May 12, 2008
Date:5/2/2008

Structured as a Social Business Enterprise, Facility Can Potentially Grow

To Perform 50,000 Examinations, 10,000 Cataract Operations Annually

DHAKA, Bangladesh, May 2 /PRNewswire/ -- The first Grameen Green Children Eye Hospital, projected to perform 50,000 eye examinations and 10,000 cataract operations annually, will be opened by 2006 Nobel Peace Prize laureate Professor Muhammad Yunus and the Hon'ble Adviser, Incharge of Ministry of Health and Family Welfare, Bangladesh at 4:00 PM on Monday, May 12.

The international pop music duo Milla Sunde and Tom Bevan of The Green Children raised $500,000 from donations and CD/DVD sales for the first eye hospital in Bangladesh. The two highly talented musicians are committed to working to raise funds for a second eye hospital that will require a total of about $1 million to complete.

The Grameen Green Children Eye Hospitals, modeled after the highly successful Aravind eye hospitals in India, will be structured as social business enterprises described in the new book by Professor Yunus, Creating a World Without Poverty: Social Business and the Future of Capitalism. The Aravind system in India currently does 1.7 million examinations and 250,000 operations a year.

Once the first eye hospital fully operational, it will work to become self-sustaining gradually and perform a projected 50,000 eye examinations and 10,000 cataract operations per year.

Both hospitals will charge patients based on their ability to pay, with wealthier clients charged at a normal rate and the poor at subsidized. Everyone will receive the same high-quality treatment. While all patients will be expected to pay something, no one will be denied care. Those with no funds will be asked to pay later, when they can and at free of charge in extreme cases.

The key to the success of the model is a system that delivers very high quality and standard eye care services at an affordable cost by using high volume and h
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SOURCE The Green Children Foundation
Copyright©2008 PR Newswire.
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