Being self-employed
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Being self-employed. Technical skills Business management skills –experience Conducive legal environment Reliable suppliers – good products & services Market – potential clients Capital (to buy tools, equipment, supply, etc.).

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Being self-employed

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Being self employed

Being self-employed


Being self employed

  • 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


Being self employed

Access to capital

Grants

Own capital (savings)

Loans


Providing grants

Providing grants

In what situations is it appropriate to provide grants?

  • 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

Training may be required before receiving a grant

Needs assessment of the individual situation and business plan


Being self employed

Providing grants

Preventive & corrective measures

Advantages

Disadvantages

  • 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

  • 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


Providing loans

Providing loans

In what situations is it appropriate to provide a loan?

  • 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


Being self employed

Providing loans

Preventive & corrective measures

Advantages

Disadvantages

  • 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

  • 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


Using one s own savings

Using one’s own savings

In what situations is it appropriate to use savings?

  • Existing saving capacity and saving

    habits

  • Existing business management capacity

It should be one's own decision to use one's saving

Need to develop saving habits


Being self employed

Using one’s own savings

Preventive & corrective measures

Advantages

Disadvantages

  • Autonomy

  • Vulnerability once savings are used up by starting one’s business

  • Develop/maintain saving habits

  • Provide savings scheme


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