What is Micro-enterprise?

 

 

Micro-enterprise is hardly a new concept. Some cultures around the world define microenterprise with fancy terms and language, but in developing nations, like Haiti, Uganda, and India; it means survival for many families.

What is microenterprise?

By definition, micro enterprises are small businesses with minimal employees and minimal capital. In a developing country, necessity compels micro entrepreneurs to represent the vast majority of the small business sector. Due to a lack of formal jobs and training available to the poor, micro-enterprises add value to the economy by creating micro business, enhancing income, and lowering the overall cost of business.

Micro-enterprises in developing countries produce both products and services. Most of these small businesses come in the form of local farms, selling cooked food from the sidewalk or food staples from a small store. Due to the lack of grocery stores and business services, they are used more often.

How does Funds2Orgs define micro-enterprise?

Families in developing countries who receive shoes from Funds2Orgs are those who have little to no income or livelihood. The ability of donated shoes to be sold or repurposed, represent an opportunity for individual families and their communities to develop micro-businesses within their areas. It is the only possibility for true self-sustainability.

In a nutshell, the Funds2Orgs definition of micro-enterprise works like this:

1. US organizations and nonprofits collect shoes that are picked up by Funds2Orgs and sent to hub operators in developing nations.

2. Hub operators pay Funds2Orgs a small operating fee, then sell the collected items to micro-entrepreneurs with a small mark-up.

3. Micro-entrepreneurs clean and repair the items and begin selling for a profit margin.

The micro-enterprise industry represents one of the most effective ways to lift many families out of the extreme poverty in devastated economies. Funds2Orgs is dedicated to helping these micro-entrepreneurs live a better life, while helping charities, schools, churches, and civic groups in the US make a difference in their communities.

 

FREE Micro-Enterprise Curriculum

Our new Micro-Enterprise Curriculum allows schools across the country to teach the importance of good business and the role of  micro-enterprises in worldwide communities. We hope students are inspired to host a shoe drive fundraiser for their school to raise money and make a global impact.

The Micro-Enterprise Curriculum has four levels: Elementary, Middle, High, and Homeschool. Each level is broken into 5 Modules: General Business, General Marketing, Micro-Enterprise Fundamentals, Creating a Micro-Enterprise Business Plan, and Finance. Accompanying worksheets and a complete teacher’s guide for each module will help students understand the importance of local businesses/ Micro-enterprises and their impact on worldwide communities.

To download the free school curriculum please fill out the brief form below and you will be redirected to the download page. Thank you!