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MICROFINANCE AND SUSTAINABLE MICRO ENTREPRENEURSHIP DEVELOPMENT
1
Author(s):
SUNITA
Vol - 6, Issue- 6 ,
Page(s) : 37 - 42
(2015 )
DOI : https://doi.org/10.32804/CASIRJ
Abstract
Looking at the growth of poverty and unemployment in developing countries, promotion of micro entrepreneurship and microenterprises is gaining importance in the present context as an important poverty alleviation tool. More than a concept ‘Sustainable micro entrepreneurship’ is a development process, based on small scale and self sustainable activities. One of the major problems identified with the development of sustainable micro entrepreneurship is lack of access to credit for the micro entrepreneurs. According to an estimate more than 90 percent people in developing countries lack access to financial services i.e. either savings or credit. Specially, for the micro entrepreneur who lacks any asset base for collateral, situation becomes all the more critical
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