Photo of the Week: The Rise of Small and Growing Businesses

June 14, 2013

Small and growing businesses hold the potential to drive economic growth in the developing world. A new report examines the size and state of this thriving sector, as well as its main challenges.

In Kampala, Uganda, employees at Paper Craft Africa create notebooks, calendars and other paper products from recycled materials. With assistance from TechnoServe’s enterprise development program Women Mean Business, Paper Craft Africa has expanded to employ 25 people, many of them young, single mothers.

Small and growing businesses (SGBs) like Paper Craft Africa hold the potential to transform poor communities by creating jobs, stimulating long-term growth, and producing environmental and social benefits. The Aspen Network of Development Entrepreneurs (ANDE), a global network of organizations that propel entrepreneurship in emerging markets, has released its annual Impact Report offering data on the current state of the sector and the efforts and impact of ANDE’s members, including TechnoServe.

The report focuses on three action areas needed to help grow SGBs: women entrepreneurship, financing for startups and smallholder agricultural businesses. With further focused support and investment, ANDE believes — and TechnoServe agrees — that SGBs can help lift countries out of poverty.

Read the full 2012 Impact Report.

 

Related Blog Posts

 

Cultivating Change for Women Farmers through Cotton

Cultivating Change for Women Farmers through Cotton

In India, the world's largest producer of cotton, women farmers are training in farming, business, and digital savings skills that are helping them to increase their incomes and decision-making power, both on the farm and at home.

Smart Fixes for Smart Shops: Transforming Communities through Micro-retailers

Smart Fixes for Smart Shops: Transforming Communities through Micro-retailers

Mom and pop shops are the economic – and often social – backbone of Nairobi, especially in the city’s informal settlements. Store owners like Cosmas are learning simple business fixes that can help their stores, and the communities they serve, to thrive.

What Does it Look Like to Build a More Sustainable Future for Guatemala’s Coffee Farmers?

What Does it Look Like to Build a More Sustainable Future for Guatemala’s Coffee Farmers?

In the face of increasingly dynamic and challenging coffee production, small farmers in Guatemala are training to boost their skills and improve their yields and coffee incomes.