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.