Entrepreneurial Training for Unemployed Adults: Challenges and Opportunities in Accessing Financial Services in South Africa

2016 ◽  
Vol 24 (04) ◽  
pp. 453-480 ◽  
Author(s):  
Celestin Mayombe
Keyword(s):  
South Africa ◽  
Financial Services ◽  
Poverty Reduction ◽  
Security Requirements ◽  
Self Employment ◽  
Start Up ◽  
Challenges And Opportunities ◽  
Entrepreneurial Training ◽  
Training Programmes ◽  
Training Delivery

Entrepreneurship training programmes and self-employment initiatives for unemployed adults has become a new frontier for poverty reduction in South Africa. This article investigates the types of challenges graduates encounter and opportunities in accessing financial services in order to start-up and grow an own micro-enterprise in South Africa. The main findings reveal that micro-finance institutions are keen to grant loans and credits to graduates from entrepreneurial training centres. However, graduates are not eligible for credits because they fail to meet the security requirements of the lending banks due to their socio-economic situations. The author concludes that if centre managers do not involve micro-finance institutions prior to the training delivery and transition stages of the entrepreneurial training programmes, graduates will continue finding it difficult to access financial services and enter self-employment after obtaining the required entrepreneurship skills.

scholarly journals Intervención: cuidado del medio ambiente en la formación clúster de turismo alternativo, para el desarrollo regional

2020 ◽  
pp. 1-9
Author(s):  
Raquel Valdez-Guerrero ◽  
Isela Margarita Robles-Arias ◽  
Ivana María Real-Miranda
Keyword(s):  
Poverty Reduction ◽  
Planned Change ◽  
Environmental Intervention ◽  
Self Employment ◽  
Intervention Process ◽  
Alternative Tourism ◽  
Intervention Plan ◽  
Start Up ◽  
Observation Matrix

Strategies for the development of an Environmental Intervention Plan in the formation of the alternative tourism cluster for regional development applied in El Triunfo, Baja California Sur are addressed to allow poverty reduction through the generation of self-employment in the region, increasing the quality of life and without compromising the natural environment. The objective is to identify strategic activities and processes that are integrated into the start-up of companies that conglomerate together and form an alternative tourism cluster. To carry out the same, the Planned Change Model Intervention methodology is used, where information is collected, data is processed, the intervention plan is analyzed and designed. For the purpose of this investigation they have been designed; a questionnaire to identify the knowledge and application of the regulations of the Law of Ecological Balance and Protection of the Environment, applied to the companies that conglomerates make up the cluster and an observation matrix to collect the information, for the processing comparative matrices have been designed with in order to identify opportunities for improvement and include them in the intervention process.

scholarly journals MICRO FINANCE AND WOMEN EMPOWERMENT - THEIR SPACE AND OPPORTUNITY FOR POVERTY REDUCTION IN NEPAL

2021 ◽  
Author(s):  
Meena Karna
Keyword(s):  
Women Workers ◽  
Financial Services ◽  
Poverty Reduction ◽  
Banking Sector ◽  
Substantial Contribution ◽  
Women Empowerment ◽  
Rapid Progress ◽  
Effective Mechanism ◽  
Self Employment ◽  
Self Help

In Nepal, the emergence of liberalization and globalization in early 1990‘s aggravated the problem of women workers in unorganized sectors from bad to worse as most of the women who were engaged in various self-employment activities have lost their livelihood. Despite in substantial contribution of women to both household and national economy, their work is considered just an extension of household domain and remains non-monetized. In Nepal, Microfinancescene is dominated by banking sector for providing loan as an effective mechanism for providing financial services to the ―Unreached Poor‖, and also in strengthening their collective self-help capacities leading to their empowerment. Rapid progress in the Microfinancesector now has turned into an empowerment movement among women across the country. Microfinanceis necessary to overcome exploitation, create confidence for economic self-reliance of the rural poor, particularly among women.

Entrepreneurial Training: A Comparative Study across Fifteen European Countries

2014 ◽  
Vol 28 (5) ◽  
pp. 311-330 ◽  
Author(s):  
Diego Matricano
Keyword(s):  
Comparative Study ◽  
European Countries ◽  
Current Status ◽  
Future Research ◽  
Lisbon Strategy ◽  
Policy Makers ◽  
Start Up ◽  
Entrepreneurial Training ◽  
Correct Path ◽  
Training Programmes

This paper arises from the contents of the Lisbon Strategy, a set of cooperation policies stressing the role of education and training. The findings from a comparative study of the influence that entrepreneurial training – classified as formal or informal – can have on start-up expectations are analysed. The study covers fifteen European countries and uses data derived from the Global Entrepreneurship Monitor (GEM) website. The results of a logistic regression model show significant differences across Europe: in some countries, start-up expectations are influenced only by participation in formal entrepreneurial training programmes; in others, they are affected only by participation in informal entrepreneurial training activities; in yet others, such expectations are induced by both formal and informal entrepreneurial training. Regarding the current status of entrepreneurial training, it appears that although the fifteen European countries are following the correct path there is still much to do to achieve the overall objectives established by the Lisbon Strategy. Some recommendations for policy makers and the implications for future research are suggested in the concluding section of the paper.

Zimbabwean Migrant Entrepreneurs in Kempton Park and Tembisa, Johannesburg: Challenges and Opportunities

2014 ◽  
Vol 22 (03) ◽  
pp. 349-373 ◽  
Author(s):  
Chipo Hungwe
Keyword(s):  
South Africa ◽  
Social Capital ◽  
Short History ◽  
Local Populations ◽  
Self Employment ◽  
Challenges And Opportunities ◽  
Migrant Entrepreneurs ◽  
Human And Social Capital ◽  
Conditions Of Employment

The study explores the lives of seventeen Zimbabwean entrepreneurs studied in Tembisa and Kempton Park, Johannesburg in 2012. It analyses the structure of opportunity available to these entrepreneurs and argues that although migrants can create employment, they do not necessarily benefit the local populations because their businesses are too small and also because of their reluctance to employ locals whom they consider lazy and troublesome. Zimbabweans originally migrated to South Africa in search of good salaried jobs rather than self-employment. Self-employment is largely a result of dissatisfaction with the conditions of employment, inability to get desired jobs and having a better command of human and social capital. These migrants have a short history in self-employment and are the first to establish such economic ventures in their families. Their businesses thrive because of hardwork, engaging in activities that they are familiar with (thus they do not venture into complicated, unfamiliar territory) and relying on the neighbourhood which serves as a market. All the entrepreneurs studied view South Africa as a land of opportunities where one can establish himself/herself and survive, although the environment is riddled with xenophobia. However, most can be classified as survival entrepreneurs.

scholarly journals Start up India: Challenges & Opportunities

2017 ◽  
Vol 11 (1) ◽  
pp. 2318-2321
Author(s):  
Kamaldeep Kaur
Keyword(s):  
College Students ◽  
Large Population ◽  
Population Pressure ◽  
Self Employment ◽  
Start Up ◽  
Challenges And Opportunities ◽  
Fast Pace ◽  
Technology Competition ◽  
Day By Day ◽  
Populous Country

Due to globalization and advancement in technology competition is increasing day by day that’s why self- employment consciousness among college students is increasing at fast pace. Furthermore India is second most populous country and due to large population pressure it is need of hour to develop entrepreneurial skill among people in India so government launch startup India Plan to support young inspiring entrepreneur .This Paper aims to investigate the challenges and Opportunities in the way of startups in India. This paper is intent to explore the major difficulties faced by startups in India, and discuss the various opportunities of startups in India by using a literature-based analysis.

Can Entrepreneurship Be Taught?

1997 ◽  
Vol 11 (3) ◽  
pp. 171-173 ◽  
Author(s):  
John Heebøll
Keyword(s):  
Information Society ◽  
Birth Rate ◽  
Practical Experience ◽  
Entrepreneurial Experience ◽  
Entrepreneurial Spirit ◽  
Entrepreneurial Culture ◽  
Start Up ◽  
Entrepreneurial Training ◽  
Training Programmes ◽  
And Training

Recognizing the importance of a vibrant entrepreneurial culture in the transition from an industrial to an information society, this paper addresses the question of whether entrepreneurship can be taught. A Japanese analysis, which links the ‘near-entrepreneurial experience’ – carefully targeted practical experience for students – to business birth rate, is presented as a positive indicator: by including the near-entrepreneurial experience in entrepreneurial training programmes, the business birth rate can be increased. This points towards the potential for well designed entrepreneurial education and training to achieve a higher impact than has often been assumed. As a specific example, Danish entrepreneurial culture, currently in a state of crisis, is discussed in the context of a particular approach adopted in North Zealand to revitalize the entrepreneurial spirit and direct it towards business start-up.

scholarly journals Financial inclusion and poverty reduction in Nigeria: A survey-based analysis

2021 ◽  
Vol 7 (3) ◽  
pp. 075-084
Author(s):  
Emeka Eze ◽  
Justin.C. Alugbuo
Keyword(s):  
Financial Services ◽  
Poverty Reduction ◽  
Financial Inclusion ◽  
Income Quintile ◽  
Variable Model ◽  
Explanatory Variables ◽  
Dummy Variable ◽  
Self Employment ◽  
Using Data ◽  
Government Transfers

Financial inclusion's impact on poverty and economic development has remained a focus of researchers and policymakers for years, owing to its function in facilitating access to financial services, which act as a stimulus for general economic growth and development. The purpose of this study is to determine the effect of financial inclusion on poverty reduction in Nigeria. We estimated two models using data from the World Bank's 2017 Global Findex survey for Nigeria: a Logit model and an Instrumental variable model. The dependent variable was a dummy variable labeled "poor," which was set to 1 if the individual's "within economy income quintile" was in the bottom 40%, and 0 otherwise. The explanatory variables include, financial inclusion index constructed by the author, age of respondents, educational level of respondents, gender, employment status, wage, government transfers, pension, savings, and self-employment. The study established that financial inclusion reduces household poverty in Nigeria even after controlling for endogeneity in the explanatory variables.

First Steps towards Self-Employment – Microcredit for Enterprise in Scotland

2014 ◽  
Vol 23 (2) ◽  
pp. 169-191 ◽  
Author(s):  
Neil McHugh ◽  
Morag Gillespie ◽  
Jana Loew ◽  
Cam Donaldson
Keyword(s):  
Economic Policy ◽  
Small Businesses ◽  
Enterprise Development ◽  
Grameen Bank ◽  
Economic Strategy ◽  
Self Employment ◽  
Start Up ◽  
The Uk ◽  
Poor Communities

While lending for small businesses and business start-up is a long-standing feature of economic policy in the UK and Scotland, little is known about the support available for those taking the first steps into self-employment, particularly people from poorer communities. This paper presents the results of a project that aimed to address this gap. It mapped provision of support for enterprise, including microcredit (small loans for enterprise of £5,000 or less) and grants available to people in deprived communities. It found more programmes offering grants than loans. Grants programmes, although more likely to be time limited and often linked to European funding, were generally better targeted to poor communities than loan programmes that were more financially sustainable. The introduction of the Grameen Bank to Scotland will increase access to microcredit, but this paper argues that there is a place – and a need – for both loans and grants to support enterprise development across Scotland. A Scottish economic strategy should take account of all levels of enterprise development and, in striving towards a fairer Scotland, should ensure that the poorest people and communities are not excluded from self-employment because of the lack of small amounts of support necessary to take the first steps.

The Urban Transition in Sub-Saharan Africa: Challenges and Opportunities

10.1068/c3p ◽  
2007 ◽  
Vol 25 (4) ◽  
pp. 466-485 ◽  
Author(s):  
Christine Kessides
Keyword(s):  
Urban Areas ◽  
Local Governments ◽  
Poverty Reduction ◽  
National Development ◽  
Favourable Outcome ◽  
Sub Saharan Africa ◽  
Urban Transition ◽  
Energy Needs ◽  
Challenges And Opportunities ◽  
Sub Saharan

In this paper I ask how the ongoing processes of urban and local government development in Sub-Saharan Africa can and should benefit the countries, and what conditions must be met to achieve this favourable outcome. The region faces close to a doubling of the urban population in fifteen years. This urban transition poses an opportunity as well as a management challenge. Urban areas represent underutilised resources that concentrate much of the countries' physical, financial, and intellectual capital. Therefore it is critical to understand how they can better serve the national growth and poverty reduction agendas. The paper challenges several common ‘myths’ that cloud discourse about urban development in Africa. I also take a hard look at what the urban transition can offer national development, and what support cities and local governments require to achieve these results. I argue that, rather than devoting more attention to debating the urban contribution to development in Africa, real energy needs to be spent unblocking it.

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