Micro Enterprises And Its Impact On Livelihood

1. Introduction 2. Micro Enterprise Development & National Initiatives 3. Micro Enterprises and SHGs in Poverty Alleviation 4. Livelihood Promotion – Key Concepts and Models 5. Management of Micro Enterprises in the Study Area 6. Impact of Micro Enterprises on Livelihood 7. Micro Enterprises for the Positive Impact on Livelihood Findings and Suggestions

Micro-enterprises have always been reckoned as the key to extricating the poor from poverty. A burgeoning micro-enterprise sector also constitutes a fertile ground for medium and large-scale enterprises/industries to flourish. It seems reasonable, therefore, that many governments in poorer nations have recently given immense attention to the sector.This book deals with an empirical work on the contribution of micro-enterprises to sustainable livelihoods in a small town context in a developing country, Ethiopia, with an application of the sustainable livelihoods framework. By adopting the framework to the study of livelihoods in an urban setting, the work breaks new ground. It discusses the livelihood assets (human capital, social capital, physical capital and financial capital), livelihood strategies and activities, livelihood outcomes, sustainability of the livelihoods of micro-enterprise operators, the context in which micro-enterprises are run, and their constraints. It is thus an important material for policy makers, practitioners and researchers in the area of micro-enterprises and sustainable livelihoods

Seminar paper from the year 2016 in the subject Business economics - Company formation, Business Plans, grade: 4.6/7, Damodaram Sanjivayya National Law University, course: B.A, LLB, language: English, abstract: The project at large will be dealing with the aspiration of the youth, the people who intend to build their startup and grow like the successful entrepreneurs. The term “entrepreneurship” comes from the French verb “entreprendre” and the German word “unternehmen”, both mean to “undertake”. Bygrave and Hofer in 1891 defined the entrepreneurial process as involving all the functions, activities, and actions associated with perceiving of opportunities and creation of organizations to pursue them. In simple, entrepreneurship is the act of being an entrepreneur, which can be defined as "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods" (Santhi and Kumar) This paper draws together arguments, conclusions and insights generated by research to develop and test practical tools that could help development practitioners use sustainable livelihoods approaches in the particular context of enterprise development. The constraint of finance seems to be the primary reason, though there are several other constraints which seem to have been hidden by the seasoned politicians. The act of not reimbursing the small-scale industries sectors has demoralized the novice and the adept entrepreneurs in executing their plan.

Contributed articles on microfinance and small business in India.

Microenterprises play an important role in sub Saharan Africa. They account for a sizeable portion of the economy, by providing employment and a means of livelihood for much of the nonagricultural population. This paper is the result of a survey of the literature and extensive discussions with practicioners and its primary focus is a direct approach in support of microenterprises. Perhaps the simplest objective to pursue is access to credit. The main lesson from experimentation in this field is that the poor are bankable and and can be served relatively inexpensively, provided nontraditional lending methods are utilized (e.g. group lending). Technical assistance and support services can also be provided to help first-time entrepreneurs set up their own businesses, to assist microenterprises in their daily business, or to help them graduate to a larger size. The task of assisting microenterprises requires small, flexible, and responsive organizations, with sufficient autonomy to make ad hoc decisions, yet with adequate coordination at the national level. Such organizations include PVOs, NGOs, cooperatives, banks, business associations, churches and women's groups. The report recommends that capacity building be incorporated as a specific objective of microenterprise support programs and should be budgeted for. Shifting the focus of assistance from beneficiaries to support institutions is an effective way of reaching the most marginal groups.

Communities around the world rely on forests for their livelihoods, and the sustainable development of small-scale, often family-run enterprises is increasingly recognised as a key to poverty reduction. This publication examines the needs of such small-scale enterprises for access to microfinance services, given the seasonal and often unpredictable nature of forest-based activities. It looks at different types of financial institutions (such as banks, non-governmental organisations, co-operatives and credit unions) as well as group lending, leasing, insurance and cash transfers. The strengths and weaknesses of different approaches are considered through four case studies which draw on experiences in Nepal, Guatemala, the Sudan and Peru.

Developing nations currently utilize various methods and practices used in most entrepreneurial activities. Manipulating these processes to work in a categorically low-income area, however, can be challenging. Micro-Entrepreneurship and Micro-Enterprise Development in Malaysia: Emerging Research and Opportunities provides emerging research exploring the theoretical and practical aspects of entrepreneurial promotional programs and applications within global economics. Featuring coverage on a broad range of topics such as emerging economics, organizational development, and gender diversity, this book is ideally designed for entrepreneurs, policymakers, governmental and non-governmental organizations, business professionals, academics, researchers, and students seeking current research on improving the socio-economic condition of low-income households through various entrepreneurial activities.

This book started with a vision to portray Sudanese rural livelihood and question whether microfinance is able to sustain rural living. The village of Al Dagag, in the North Kordofan state of Sudan, was chosen to be the research case study. However, further questions arose due to using the inductive methodology of Grounded Theory. Throughout the entire research process, different categories emerged from the data, which conceptualize the perspective of the rural people on livelihood, microfinance, and financial institutions. The path to remodel the livelihood approach led to including new determinants. (Series: Spectrum. Berlin Series on Society, Economy and Policy in Developing Countries / Spektrum. Berliner Reihe zu Gesellschaft, Wirtschaft und Politik in Entwicklungslandern - Vol. 108)