Advisory Meeting #2

EQ: 

What is the best way for a fashion corporation to help artisan women in India become micro-entrepreneurs?

Answer #2:

The best way for a fashion corporation to help artisan women in India become micro-entrepreneurs is for the fashion corporation to offer micro-finance to the women so that they are able to begin their entrepreneurship.

1. These potential entrepreneurs don’t have money to finance their ideas, their products. Once they have paid for the raw materials, and made the product, they then need to wait for a return in profit until their product is sold. Resource: Interview 3
2. It is possible for small businesses to become globalized. In order to do so, the entrepreneurs need access to correct tools, such as internet access and computers, to begin online services. Resource: Interview 3
3. Giving women the opportunity to finance their own businesses as entrepreneurs encourages women empowerment. Tens of millions of women around the world have greater economic independence and self-worth because of micro-finance projects. Roughly 95% of micro-loans go to women.Resource: "Empowering Women Entrepreneurs: Alleviating Poverty & Promoting Peace Through Enterprise Development." Strong, Michael. Flow Idealism. 2007. PDF.

Concluding Sentence:

Providing artisan women in India with micro-finance is the best way to help them become micro-entrepreneurs, giving them the foundation necessary to begin a business.