Entrepreneurship management for the poorest of the poor
The Grameen Banking System (GBS) is a micro-credit financing system used to overcome poverty amongst the poorest of the poor (POP) in rural Bangladesh. It was introduced by Professor Muhammad Yunus, an Economics Professor at Chittagong University in Bangladesh, in 1976. The GBS model provides cr...
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| Main Authors: | , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2014
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| Subjects: | |
| Online Access: | http://eprints.unisza.edu.my/284/1/FH03-FESP-15-03022.pdf http://eprints.unisza.edu.my/284/ |
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| Summary: | The Grameen Banking System (GBS) is a micro-credit financing
system used to overcome poverty amongst the poorest of the poor (POP) in rural
Bangladesh. It was introduced by Professor Muhammad Yunus, an Economics
Professor at Chittagong University in Bangladesh, in 1976. The GBS model provides
credit to women without a collateral and guarantee based on a group lending
system. In Malaysia, Pertubuhan Kebajikan TECH Menceria Malaysia replicated the
Grameen Model and applied it to disadvantaged women belonging to the poorest of
the poor (POP) in terms of economic classification, that is, below the poverty line of
RM 1000.00. The POPs selected by TECH were single mothers, abused women,
abandoned women, disabled women and women with incapacitated husbands who
had children to support and an income of less than RM 1000.00 per month. These
women were given micro credit funds not more than RM 2000.00 and coached to
initiate small entrepreneurial ventures such as tailoring, baking, food catering,
poultry, handicraft, car wash and similar ventures. Whilst TECH could raise funds for
the micro credit scheme and coaching, TECH did not have the capacity to initiate
these women under an entrepreneurship development programme. Thus, the
objective of this project is to overcome poverty amongst this selected group of
women by transferring the knowledge of the entrepreneurship development and
management. In spite of providing the training, trainers from lecturers of UniSZA
were assigned as their business coaches through the 12 months to monitor their
business in progress. The impacts of this project towards selected women were
most of them more confident, communication skills improved and understand to
read and prepare their business plan. |
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