Business Idea of the Day

Many times micro-businesses have been neglected when it comes to the national development of this country, reports Ben Ssebuguz at The Observer.

Most of the government programmes put their focus on Small and Medium Enterprises (SMEs). All banks are looking at working with SMEs too, neglecting the Micro-businesses. The civil society organizations have also put their emphasis on SMEs, effectively shutting out the ‘micros’.

Because Micro-enterprises typically have no access to the commercial banking sector, they often rely on ‘Micro-Loans’ or ‘Micro- credit’ in order to be financed”.

According to the Uganda Bureau of Statistics, SMEs differentiate from country to country but by Ugandan standards, Small Enterprises employ more than 4-19 people, Medium Enterprises employ 19-100 people and Large Enterprises employ more than 100 people.

Photo by asianews.

From Business Opportunities Weblog.

Source: Give Micro-Bizs More Attention

Presented here with permission by the very gracious Dane Carlson from the Business Opportunities Weblog.