Micro-development is a concept that I’m actually excited about. It is creating new business ideas that are spread across the world. In my opinion micro-development is one way in which people, especially entrepreneurs in developing countries, can lift themselves up out of poverty. Particularly those who want to take initiative and that’s great especially for micro-development organisations worldwide.
Microfranchise & Its Roots in Microcredit
They support them in giving a hand-up to these people wanting to change their lives rather than handouts. One way of micro-development in action is through the idea of micro-franchises. Now micro-franchising is a concept that came about after the pioneering idea of micro-credit.
Micro-credit itself actually came from Muhammad Yunnus the Nobel (unknown word) in 2006, from Bangladesh. And micro-franchising builds on that idea, builds on the idea of micro-credit and micro-development. While micro-credit focuses …