Download - Being self-employed
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Being self-employed
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Non-specific to
PwD
Specific to PwD
Needs for starting
and managing a business
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Non-specific to
PwD
Specific to PwD
Needs for starting
and managing a business
•Technical skills•Business management skills –experience•Conducive legal environment•Reliable suppliers – good products & services•Market – potential clients•Capital (to buy tools, equipment, supply, etc.)
•Physical access to facilities (business sites, market, suppliers sites)Absence of discrimination – community support•Adapted workstations•Self-confidence
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Access to capital
Grants
Own capital (savings)
Loans
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In the absence of collateral
In the absence of a source of income/business (very poor)
Existing business management capacity and technical skills
To compensate competitive disadvantages
Providing grantsIn what situations is it appropriate to provide grants?
Needs assessment of the individual situation and business plan
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•Entrepreneur follow-up – combine with a loan
•Define appropriate business plan
•Develop access to other sources of capital (savings or loans)
•If in cash, require receipts/invoices and conduct follow-up visits
•If in kind, allocate resources
•Seek contributions from authorities, community, existing entrepreneurs
•Set-up clear procedures & criteria – democratic decision-making process – ensure that controls are enforced
Providing grantsAdvantages Disadvantages
•Limiting risks for the entrepreneurs
•Usually the poorest are targeted
•Tends to take responsibility away from the person concerned
•Usually limited in amount
•Usually one shot
•If in cash, could be misused
•If in kind, complex to manage
•Not sustainable for the « donor » - difficulties in raising funds for grant schemes
•System could be unfair/corrupted
Preventive & corrective measures
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Existing repayment capacity (existing business or income)
Existing business management capacity and technical skills
Existing collateral or possibility of pressure
Needs assessment of the individual situation
Providing loansIn what situations is it appropriate to provide a loan?
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Advantages Disadvantages
Preventive & corrective measures
Providing loans
•Motivation to succeed in business
•Once the person has a good credit record, s/he could be provided with successive and bigger loans to develop the business
•Sometime, the only source of capital accessible
•Sustainable system
•Interest to be paid
•Capital to be reimbursed – burden on the business
•System could be or become discriminating
•Not for the poorest
•Create an interest-free non-profit mechanism
•Business follow-up & counselling; provide training; support/initiate business development activities (creation of cooperatives, organisation of fair)
•Raise awareness of microfinance services providers
•Combine with a grant system
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Existing saving capacity and saving
habits
Existing business management capacity
Need to develop saving habits
Using one’s own savingsIn what situations is it appropriate to use savings?
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Advantages Disadvantages
•Autonomy
Using one’s own savings
•Vulnerability once savings are used up by starting one’s business
Preventive & corrective measures
•Develop/maintain saving habits
•Provide savings scheme