Micro-Enterprise Provides an Economic Lifeline in Developing Nations

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Micro-Enterprise Provides an Economic Lifeline in Developing Nations

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micro-enterpriseWant to know a real-life example of what micro-enterprise, or small business, can do for families in developing nations? Then read on and learn the story of Sylvia.

The 2010 Haitian Earthquake

On January 12, 2010, a 7.0 magnitude earthquake rumbled through the island nation of Haiti. This developing country of only 10 million was battered in the aftermath of the quake. $8 billion in damage was caused. Over 300,000 people were killed. In addition, 300,000 were injured. And, 1.5 million people were homeless. This included Sylvia and her young son, David.

In a developing country like Haiti, there are few work opportunities. Systemic poverty prevents many from getting the quality education they need. And, without that education, many are not prepared for the few formal jobs that exist. Many, like Sylvia, must depend on their own wits, creativity and luck to survive.

Sylvia Seeks a Path for Her Son

At the time of the earthquake, Sylvia was a single mom with a young son. The odds were stacked against her. More than likely, at some point she was going to have to pull David from school so he too can bring money home to survive. The Haitian earthquake only increased that probability.

Countless families were left with very little as the country began the long road toward rebuilding. A friend of Sylvia’s knew her character, work ethic and desire to keep her son in school so David could have a better life. She asked Sylvia to help her sell re-purposed goods that were sent from countries such as the United States.

These goods are donated by corporations, businesses, and individuals and become an economic lifeline for micro-entrepreneurs. Micro-entrepreneurs are small business owners. The vast majority of businesses in developing nations are micro-enterprises. In other words, they have one or two people and typically family members or friends working in them. Micro-enterprises can be as basic as a blanket set up on a street corner where someone sells shoes or clothing accessories. Micro-enterprise can grow to a retail store or kiosk where mobile phones, batteries, household products, clothing, and footwear are sold.

A New Micro-Enterprise Business is Launched

Sylvia worked hard for her friend. Often she was working 6 days a week. Everything she made, she put toward finding a home for her small family. She also made sure David had the necessary school supplies he needed to stay in school.

It was not easy. Ten and twelve hour days became the norm for Sylvia. But the life of her young son was on the line and this was her motivator. She knew she had no choice but to succeed.

Weeks turned into months and months gave way to years. Eventually, Sylvia was able to establish her own micro-enterprise in Marché en Fer, which is the “Iron Market” in Port-au-Prince.

In the years since the earthquake, Sylvia has been able to hire others for her growing micro-enterprise. And, more importantly, her son David graduated high school in 2015. He went on to college and was looking to become a lawyer.

Make a Social Impact Today

Your business can make a social impact today. The excess inventory, damaged or returned products you have in stock can help micro-entrepreneurs like Sylvia around the world. In addition, donating these products can demonstrate to your customers and the general public that you understand corporate social responsibility. A good CSR program can positively impact your bottom line.

Check out how to donate products at Gear the World.

 

© 2016 C.M. Blake and GEAR the World. All Rights Reserved.

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