Microenterprises

MICRO-ENTERPRISE CREDITPRESENTED BY

KHAWAJA NAVEED HAIDER

073605-085

WHAT IS MICRO-ENTERPRISE?

• Also Called Micro-Business

• Small Business

• Less Than Ten Employees

• Capital Less Than US $35,000

• Rely On Micro-Loans

ADVANTAGES OF MICROENTERPRISES

• Starting With Low Cost

• Part Time or Full Time

• Plays Vital Role in The Economy

• Low Risk Is Involved

• Easy Decision Making

• Help in Decreasing Unemployment Rate

TYPES OF MICROENTERPRISES

• There are two types of micro-enterprises

1. Co-operative

2. Single Owner

BUSINESES UNDER MICROENTERPRISES

• Here is the list of some micro businesses which can be found anywhere in the world.

1. Local General Store

2. Medical Store

3. Small Sewing Plant

4. Currency Exchange

5. Fabric Shop

FACTS ABOUT MICROENTERPRISES (USA)

1.There are an estimated 24 million micro enterprises in the US today

2.More than 87% of all businesses in the US today are micro enterprises

3.More than 4.5 million new jobs were created in the United States by micro enterprises between 2000 and 2005

4.On average, micro enterprises are responsible for 900,000 new jobs created per year

5. In 2002 micro enterprises created close to 1 million new jobs

SOURCE OF FUNDING

• Micro enterprises can be funded by some various sources.

1. Self-financing by the owner through cash

2. Loans from friends and relatives

3. Loan from Micro-Finance Banks

4. Small Partnership

MICROFINANCE BANKS (MFBs)IN PAKITAN

1. KASHF MICROFINANCE BANK LIMITED2. KHUSHHALI BANK LIMITED 3. ROZGAR MICROFINANCE BANK LIMITED 4. TAMEER MICRO FINANCE BANK LIMITED 5. PAK OMAN MICROFINANCE BANK LIMITED 6. THE FIRST MICRO FINANCE BANK LIMITED

KASHF is supporting 14,148 people with the amount of Rupees 419,940,884

ROLE OF SMALL BUSINESES IN THE ECONOMY

• Contribute to the GDP around four times as much as the large scale industries in Pakistan

• Facilitate More People In The Nation

• Decrease Unemployment Rate

• Decrease the poverty

RECOMMENDATIONS

• Decrease the interest rate

• Easy installments of loans

• Females should come out for business

• Form Micro enterprise association