Finally...

Just as my time was running out...

I have finally gotten a stable mentorship, where I can complete the required mentorship hours. I understand that it is very late in the game, but I feel like a can let go of the breath I have been holding. I will need to work a lot and frequently in order to catch up, but I know I will take this whole scenario as a learning experience. Thanks to a fellow senior, I was able to take advantage of this great opportunity to work with a female entrepreneur who works in creating, alternating, and selling dresses, along with providing event packages. I will get much needed insight into the world of micro entrepreneurship and how the business itself runs.

I have also been emailing professors in order to get a Young Scholars class for my independent component 2. What I have learned is that in order for me to take most of the International Business courses, I would need to complete certain prerequistites.I learned this from a professor that I had emailed earlier this month, but she was able to send me a list of classes that would complete the prerequisites and was still related to my topic. I have now jsut under 10 professors regarding a spot in their class. I now just need to focus on the 30 hours and gathering much more research to conclude my senior year with a stunning presentation.

Blog 18: Third Answer

EQ: 

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

Answer #3:

The best way for a fashion corporation to help artisan women in India become micro-entrepreneurs is by providing the women with the proper business and job training in order to become successful in their entrepreneurship. 

1. As a more developed society, we are unable to realize some of the less obvious reasons for poverty or unemployment in under developed countries, such as India. We fail to understand realistic human capabilities with what they are provided. Micro-finance supports the creation of enabling theoretical frameworks, concepts, institutions and policies to support those capabilities. Resource: "Micro Finance-An Instrument to Encourage Women Entrepreneurship Development." Modi, Charu. Institutions for Women faculty of Management. 5 June 2013. Web.
2. Self help groups have made it easy to raise the skills and alertness of women. The objectives of Entrepreneurship Development programme (EDP) are to give confidence for monetary activities between the members of SHG by provided that skill training, Entrepreneurship Development, credit linkage. Resource: "Micro-finance and women empowerment." Tayal, Harsh. SIFE S.S.C.B.S. 16 April 2013. Web.
3. Micro financing is beneficial to entrepreneurs in under developed areas for three reasons: 1. one does not need to possess money to open a bank account. 2. there is no need for collateral or a credit record to secure a loan. 3. There is no need for extensive paperwork to make it convenient to those less literate. Resource: "Social Entrepreneurship in India – Changing the Life of the Poor." Mante, Gabriele. RESET. Web. 

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. 

Fourth Interview Questions

1. What is the definition of micro finance in your own words?

 2. Are there any real life situations in which micro finance has benefited?

 3. What are some positives and negatives of micro finance?

 4. What is the impact of micro finance in developing countries, such as India?

5. How would a fashion corporation provide micro finance to potential micro entrepreneurs in India? 

6. What are some ways for a fashion corporation to gain assistance from their customers to financially support the micro entrepreneurs?

7. How might financially supported the micro entrepreneurs of India benefit the fashion corporation? 

8. What would be the best way to verify that the funds are being used towards the persons entrepreneurship?

9. How might a potential entrepreneur gain access to the privilege of micro finance?

10. Following the financial backing, how might a fashion corporation continue to support the micro entrepreneurs?

11. After applying for micro finance, what would be the best method to decide who will be provide with the financial support to begin their entrepreneurship?

12. What would be the extent of the support given from the micro finance? Materials? A place to sell? Store technology?

13. What are some ways in which micro finance can help in other industries such as electronics or farming?

14. In your personal opinion, would offering micro finance be the best way to help artisan women in India become micro entrepreneurs? Why or why not?

15. What are some other ways fashion corporations can help artisan women in India become micro entrepreneurs?

16. What are some ways a micro entrepreneur can make the most of the micro financing provided by the fashion corporation?

17. What would be some limitations, conditions, or restrictions on the use and spending of the financial support from the fashion corporation?

18. Can you explain any faults in the micro financing system?

19. Why do you believe micro financing has not been very successful in India?

20. In your opinion, what is the best way for a fashion corporation to help artisan women in India become micro entrepreneurs?