...entrepreneur has an important role for development, then this role is achieved through the “institution” that he/she represents. SME activities that would help to propel development and promote the wellbeing of the citizenry most governments are now playing various facilitation roles in collaboration with NGOs and other stakeholders to enable the private sector provide diverse goods and services, including job creation for the people. Many developing countries have shifted their strategic economic focus to embrace the development of an entrepreneural middle-class with the private sector as the engine for attaining sustained economic growth. In Ghana, the private sector is also considered as the engine of growth of the economy and mostly of micro, small and medium size enterprises, generally called the SMEs. The SMEs Sector in Ghana is estimated to be made up of 70% of all industrial establishments. They contribute about 22% to GDP and account for about 92% of...
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...Microcredit: Empowering women in Bangladesh Parveen Mahmud Manifold problems of women cannot be overcome only by small IGAs and credit support. A package programme consisting of leadership and managerial development, of rights and laws, of education, credit, income, health and reproductive issues seems to be appropriate for removing these problems and for stepping up women's position in the society. Presently in its wider dimension microcredit is known as microfinance and seen as a legitimate economic tool in the fight against poverty. It is very difficult for the poor to get small working capital from formal banking system for various reasons. A collateral free working capital loan is the requirement at the door steps of the poor at the right time to help them facilitate and start feasible intended income generating activities (IGAs). It is with this background that microfinance is seen as one of the significant approaches to poverty alleviation. Microcredit programme (MCP) in Bangladesh is women client based. Over 84 per cent of the MFI programme borrowers are women. As rural women have a higher propensity to save and a habit of repaying credit in time than rural men, MFIs have found a dependable client base in rural poor women. Interventions Government of Bangladesh (GOB): Like many other developing countries, the GOB has also undertaken a wide range of programmes spreading across sectors and ministries to create wage as well as self-employment opportunities, created...
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...Report On Microcredit and Economic Development of Bangladesh Submitted To: Mahmood Hasan Course Instructor BUS 251 Section - 7 BBA Program School of Business North South University Submitted By: Page No. 1. Executive Summary 4 2. Introduction 5 3. Micro credit 6 4. Three C’s of microcredit 7 5. History 8 6. Micro credit delivery models 9 7. Clients of microcredit 12 8. Microcredit in economic development 13 9. Impact of microcredit on poor people 15 10. Economic condition of Bangladesh 17 11. Microcredit in Bangladesh 19 12. Challenges of microcredit 22 13. Conclusion 23 14. Reference 24 15. Appendices 25 The most important finding in the last two decades in the world of finance did not come from the world of the rich or the relatively well-off. More important than the hedge fund or the liquid-yield option note was the finding that the poor can save, can borrow (can indeed decide on loans to fellow poor), and will certainly repay loans. This is the world of microfinance. The interest in microcredit or microfinance has burgeoned during the last two decades: multilateral lending agencies, bilateral donor agencies, developing and developed country governments, and non-government organizations (NGOs) all support the development of microcredit. A variety of private banking institutions...
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...Ela Bhatt is widely recognized as one of the world's most remarkable pioneers and entrepreneurial forces in grassroots development. Known as the "gentle revolutionary," she has dedicated her life to improving the lives of India's poorest and most oppressed citizens. In India, where 93 percent of the labor force are self-employed, 94 percent of this sector are women. Yet self-employed women have historically enjoyed few legal protections or worker's rights. In fact, most are illiterate and subject to exploitation and harassment by moneylenders, employers, and officials. Witnessing the terrible conditions faced by women working as weavers, stitchers, cigarette rollers, and waste collectors, Ela Bhatt began helping these women to organize themselves. In 1972, Ela Bhatt founded the Self-Employed Women's Association (SEWA) to bring poor women together and give them ways to fight for their rights and earn better livings. Three years after SEWA was founded, it had 7,000 members. Today it has a total membership of 700,000 women, making it the largest single primary trade union in India. Bhatt lead SEWA to form a cooperative bank in 1974 - with a share capital of $30,000 - that offered microcredit loans to help women save and become financially independent. Today the SEWA Cooperative Bank has $1.5 million in working capital and more than 30,000 depositors with a loan return rate of 94 percent. Through years of organization and strategic action, Ela Bhatt developed SEWA from a small...
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...hand can modify protocols based on the environment and have a very high degree of flexibility. They can also use unconventional methods to obtain results. * Enthusiasm to work: All said and done, in the end for any rural venture to be successful, what is required is a very high degree of enthusiasm, and an urge to excel. Social work is usually characterized by long working hours, unclear goals, sensitivity towards culture, commitment to the goals. Most private ventures enter this field out of passion and hence have this in plenty. Government officials may or may not be passionate about this project, but have to work on it. This clearly translates into the results. * Need for micro-level approach: Most rural ventures are extremely people oriented and need a lot of work to be done on a micro level and at a small scale. To be able to reach such a small demographic is usually...
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...Karides, Florida Atlantic University An economic leader in the Caribbean, the Republic of Trinidad and Tobago has incorporated micro-business development as one of its main strategies to alleviate poverty and unemployment and to spawn economic growth since the late 1980s (ILO 1991, 1998, Ministry of Finance 1996). Although the discovery of natural gas in the early nineties catapulted Trinidad’s economic growth rate to four percent per annum, unemployment and poverty continue to affect a large portion of the population. The majority of the population has not benefited from Trinidad’s economic growth. Thus, the government has attempted to create “a nation of entrepreneurs” in order to relieve some of the inequality that defines the society (Ministry of Trade and Industry 1997). Trinidad’s expansion of micro-enterprise programs reflects an international trend. Endorsed by non-governmental organizations, private financial institutions, international development agencies, including the World Bank, many scholars and development practitioners also view microenterprise assistance as a panacea for Third World poverty (Johnson and Kidder, 1999; Mosley and Hulme, 1998; Dignard and Havet, 1995; Grosh and Somolekae, 1996; Rakowski, 1994). Micro-enterprise development programs generally consist of training in business skills or providing small loans or credit to micro-entrepreneurs (Dignard and Havet, 1995; International Labour Organization, 1995; Rakowski, 1994). These programs typically target...
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...Vol . IV : Issue. 14 ISSN:0975-9999 MICRO, SMALL AND MEDIUM ENTERPRISES (MSME) IN INDIA: AN APPRAISAL Dr.S,Ganapathy Associate professor C.Mayilsamy Doctoral research scholar, Department of International Business and commerce, Alagappa University, karaikudi. ABSTRACT Micro small and medium enterprises help in promoting economic growth and employment opportunity. Before 2006 this sector was called as a Small Scale Industry. Thereafter it was converted as an MSME sector. The MSME growth is incomparable by the help of bank credit. Micro small and medium enterprises and their role in economic growth and employment generation in the Indian context .the article how policy environment for promoting MSMEs changed from ‘protectionism ‘during the pre-1990s to ‘export orientation’ during the post-1990s. The key constraint faced by the MSMEs including access to credit and technology, redtapism and the like. The MSEs to promote the rural economy for in general and rural women empowerment in particularly the rural women are taken ,economic improvement ,social development, and individual decision making through the . MSEs.the MSEs are promoting the rural entrepreneurship. Key words: MSME, SME , SSI, Credit Rating Introduction Indian economy based on rural economy .Father of nation mahatma Gandhi told India “lives in village”. T he r eal national development through the rural economy .the development of rural economy through the r ur al bas ed micr o, small a nd medium enterprises...
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...I was sitting in a Portland Oregon hotel when four words forever changed my business. The keynote speaker at the meeting, a vice president of channel had just finished a surprisingly lack-luster presentation and opened up for questions. An associate from New York City immediately stood and asked, “Do you consider us competition or partners?” The VP answered without skipping a beat, “You are Apple’s competition.” I guess there shouldn’t have been a gasp and rumble throughout the room, but 100+ Authorized Resellers and VARs suddenly realized that they faced an uphill battle. Many would close their doors in the months to come. As an Authorized reseller I bought our Apple branded products from first tier distributors such as Ingram Micro and Tech Data with only small price variances based on the size of the Purchase Order. Smaller PO’s were often ignored or faced delays in shipping. A big reason for the gasp in the room was the increasing trend of Apple product scarcity for resellers. While Apple’s new retail stores had full shelves we had to fight over the leftovers. Often this meant we missed out on the initial surge of purchases made by early adopters. (Eventually Apple would release game-changing products like the iPhone and not allow Apple resellers to sell them.) When Apple opened their new store 5 minutes from one of mine I was forced to pivot or close my doors. We changed from being an Apple Reseller who sold some accessories to more of a system integrator and service...
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...Ahold Copyright 2010 Trend Micro Inc. Who are we? • We own and operate hundreds of supermarkets in the United States and Europe. • Our brands include Giant, Stop & Shop, Albert, Etos, and more. • Number of Stores: 800 across North America • Number of Employees: 100,000 • Number of Systems: 35,000 Copyright 2010 Trend Micro Inc. Business Objective Key objective: • Achieve compliance especially with PCI • Maintain strong & flexible security baseline Challenge: • Stay current in terms of PCI compliance • Maximize protection on POS endpoints without interference in sales transactions • Minimize time required to manage the solution across 800 stores and lower TCO • Choose a security solution that scales without increasing complexity Copyright 2010 Trend Micro Inc. Evaluation Criteria 1. Best-in-class HIPS, firewall & FIM 2. Multipurpose security agents 3. Centrally controlled file management 4. TCO, footprint and ease of management Copyright 2010 Trend Micro Inc. Trend Micro to the Rescue • Trend Micro Deep Security gave us what we needed in one package – Swiss army knife of protection technologies – Single compact 5 MB agent footprint • Addresses seven PCI regulations and offers more than 20 control capabilities • Specialized agentless protection for virtual systems aligned with our virtualization initiative IDS/IPS Agentless anti-malware Log Inspection Web app. protection Firewall Copyright 2010 Trend Micro Inc. Integrity Monitoring ...
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...ni-msme - the premier institute ni-msme, the pioneer institute in the field of MSME is playing a major role in providing probusiness environment to foster the progress of MSME towards success and prosperity. The raison detre of this Institute is to assist the Government in formulating policies for micro, small and medium enterprises and to help the practising and potential entrepreneurs through a host of services like training, research, consultancy, information, education and extension. The Institute is a training ground for senior technocrats, bureaucrats and bankers who come here to gain expertise and knowledge in order to equip themselves with the latest practices and streamline their operations. Set up in 1960, ni-msme has made valuable contributions by creating an impressive record of achievements beyond the Indian shores, enabling other developing countries to get the benefit of the Institute’s facilities and expertise. ni-msme’s activities are changing from time to time to meet the needs of enterprises in the context of globalisation. Training Programme on MARKETING STRATEGIES FOR SHG PRODUCTS IN THE MODERN ERA (16-18 March 2016) Located in a sprawling and enthralling campus amidst a rich natural setting, ni-msme is well equipped with both physical and academic infrastructure. In keeping with the changing times and technological changes, the Institute has updated its style of functioning by focusing on the use of IT in every aspect of its activities...
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...Ribbons and Bows INTRODUCTION Carmen Diaz, with a ten thousand dollar loan from two of her cousins, and one thousand dollars that she invested in equity, was able to open a specialty store called Ribbons an’ Bows, Inc, which was located in Coconut Grove, Miami, Florida. Four months after opening the business, Carmen’s relatives requested a financial report, which was part of the original business arrangement. Within a short time, Carmen had expanded the business, purchased small equipment, paid wages to a part-time employee, and by all outward indicators, had been running a flourishing business. As Carmen gathered the necessary information to prepare financial statements, she started to scrutinize the transactions and was somewhat perplexed. Carmen realized that numbers were not adding up as she had anticipated. Additionally, it became questionable whether the business was operating successfully, at least when accounting principles were appropriately applied. Statement of the Problem It was fortuitous for Carmen Diaz to have family who were supportive of her small business endeavor, thereby providing start-up funds and legal advice. Carmen’s endeavor can be recognized as a “microbusiness” operation; “microcredit”, microenterprise” and “microfinance” are terms that have been associated with microbusinesses (Datar, 2009). Clearly, Carmen would have benefitted from some professional entrepreneurial guidance that is widely available at no cost in the United States...
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...Abstract Contents: Context- Objectives of group lending- Methodology- Some experiences of FINGOs, Potentialities- Limitations-Further improvements suggested- Conclusion Micro credit was visualized as a specialized sector by central bankers in 1970s as a necessity to serve small business and rural poor households who were out of reach of banking services in Nepal. Historically priority sector credit, small farmer development program, production credit for rural women, micro credit for women, and saving, credit cooperatives, and deprived sector credit programs are major initiatives from formal financing system. Thousands of informal occupational groups and community groups function informally. Main thrust of both formal and informal agencies is group mechanism to generate saving, serve micro credit and other social development inputs to their group members. Poor households variously called low income families, Janajati, backward Madhesi, Dalit, Women, and unemployed youth who live in rural areas have low saving, low capital base are excluded by banks and financial institutions intentionally from their service folds. They lack general and financial literacy. As an individual they are ineligible to take loans. They are recognized by financing institutions under Groups as legal entity. The Financial Intermediary Act 2055 recognizes groups including 4 to 10 members from disadvantaged households as a unit to receive social and financial inputs. From lenders’ as well as borrowers’...
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...Study to Explore the Micro-entrepreneurs’ Perspective on the Effectiveness of Borrowing Money from Informal Money Lending Business in Angeles City SUBMITTED BY: A-433 Lleva, Rhindel Medina, Leda Marie Pineda, Reezalyn Pinero, Bianca Camille Romero, Czarina Salas, Jenny Rose SUBMITTED TO: Dr. Albert Morales September 9, 2015 CHAPTER I INTRODUCTION During these rough times, people would really bite the bullet in order for them to satisfy the needs of their families, to fund and support their small businesses and to ease poverty just to survive the daily life. This leads people to seek the help of those engaged in money lending business. Informal credit markets are still important in developing countries. Despite an increase in supply of formal credit, informal lenders remain the dominant source of credit for the people who wish to start-up a small business in their community. This study aims to explore the perspective of micro-entrepreneurs in Angeles City on the effectiveness of informal money lending business. Informal money lending businesses are money lenders who are not licensed to do money lending business. They are well known about this kind of informal lending business which is patronized by some micro-entrepreneurs and people who wants to put-up a new business. They are also called “5-6 money lenders”. 5-6” is the term used in such a reason that they lend money with 20% interest which will be paid within a month or upon the agreed condition. Micro-entrepreneurs are the...
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...MICROSOFT WORD KEYBOARD SHORTCUTS Here is a list of keyboard shortcuts which can be very useful if you want to work faster! CTRL Shortcuts: CTRL and A Selects all in the current document. CTRL and B Bold text. CTRL and C Copies the item or text to the Clipboard and can be pasted using CTRL and V. CTRL and D Displays the Font dialogue box. CTRL and E Centre Alignment. CTRL and F Displays the Find dialog box, to search the current document. CTRL and G Displays the Go to dialog box, to go to a specific location in the current document. CTRL and H Displays the Replace dialogue box. CTRL and I Italic text. CTRL and J Full Justification. CTRL and K Create Hyperlink CTRL and L Left Alignment CTRL and M Tab. CTRL and N Creates a new document. CTRL and O Displays the Open File dialogue box. CTRL and P Displays the Print dialog box. CTRL and R Right Alignment. CTRL and S Displays the Save dialog box. CTRL and U Underline text. CTRL and V Pastes the copied item or text from the Clipboard into the current position in the document. CTRL and X Cuts the item or text selected to the Clipboard. CTRL and Y Redo the last undone action. CTRL and Z Undoes the last action. CTRL and ENTER Insert Page Break. CTRL and F2 Show Print preview. CTRL and F4 Closes the active document window. CTRL and F6 Opens the next document window. F and SHIFT shortcut keys: F1...
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...Business Model and Strategic Plan Part 1: Conceptualizing a New Product or Service Division of Existing Business Mary Locket Bus/475 July 22, 2015 Franky Johnson Strategic Plan, Part 1: Conceptualizing a Business Introduction The sought after products Ingram offers such computers, software, storage devices and so on will give in such a way that the consumer will report nothing but positive feedback. This is a company that strives to provide the most outstanding services and leads the completion by far. They offer services such as financial planning initiatives for corporation seeking to improve their corporation. These services not only provide a way to improve your business but it provides the technology that by far exceeds the leading corporations that offer these services. The idea of offering warranties for the devices they sell opens a whole new dimension that involves reshaping the company to allow for the growth and become the industry’s leading sought after company for the services they provide. The new offer for technical support which provides online chat and remote assistance with problems people experience will allow for the company to improve on company’s morale and dedication. This will allow for customers to seek advice for their purchased products and allow the new desire for other products that are available. If the customer is satisfied they will be a good referring agent and continue to add to the growth of the company. These steps will allow for...
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