Your SlideShare is downloading. ×
0
Micro Enterprise In Kenya
Micro Enterprise In Kenya
Micro Enterprise In Kenya
Micro Enterprise In Kenya
Micro Enterprise In Kenya
Micro Enterprise In Kenya
Micro Enterprise In Kenya
Micro Enterprise In Kenya
Micro Enterprise In Kenya
Micro Enterprise In Kenya
Micro Enterprise In Kenya
Micro Enterprise In Kenya
Micro Enterprise In Kenya
Micro Enterprise In Kenya
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Micro Enterprise In Kenya

4,942

Published on

A short presentation about the micro finance sector in Kenya. Author: Ray Dinning, J.D, L.L.M. (c) Ray Dinning, ESQ. …

A short presentation about the micro finance sector in Kenya. Author: Ray Dinning, J.D, L.L.M. (c) Ray Dinning, ESQ.

Original file: http://socialventurelaw.wordpress.com/2010/03/10/powerpoint-on-micro-enterprise-in-africa-by-ray-dinning-esq/

Mr. Dinning's profile: http://socialentrepreneurshipinafrica.wordpress.com/2009/11/19/ray-dinning-jd-llm-tax-joins-social-venture-network/

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
4,942
On Slideshare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
48
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. Micro Enterprise in Africa "If you can DREAM it, you can DO it." - Walt Disney EXPERIENCE IN KENYA BY: RAY DINNING, JD, LLM JANUARY 2010 COPYRIGHT © 2010 RAY DINNING, ESQ.
  • 2. Micro Enterprise in Kenya What do they do? Who works in them? Where are they located? How do they start? How can we help it succeed? 2
  • 3. In order to assist, we must first “learn” “One of the best ways to persuade others is with your ears - by listening to them” – Dean Rusk What do the people want? What are their dreams? How do we equip them? How to spark transformation? 3
  • 4. Micro Enterprise in Kenya 4 Bars/Hotels/ Restaurants 6% Other services 15% Trade Construction 64% 2% Manufacturing 13%
  • 5. Micro Enterprise Owners in Kenya "Destiny is not a matter of chance, it is a matter of choice. It is not a thing to be waited for, it is a thing to be achieved." - Jeremy Kitson 5  Gender:  52% male and 48% female  Women predominate in trade and particular service and manufacturing activities  Age: mean age of 35 years  Education:  90% have at least primary  35% have secondary or better
  • 6. Micro Enterprise in Kenya 6  70% of businesses do not employ outside labor – the owner is the sole owner and employee  Many are casual workers, trainees, and, especially in rural areas, family members  Terms and conditions of work vary greatly  Lack of innovation
  • 7. Micro Enterprise by Location 7 Rural areas Nairobi and 66% Mombasa 16% Other major towns Rural towns 12% 6%
  • 8. The Significant Impact of Micro Enterprise in Africa 8 Micro Enterprise Contribution to African Economy • Contribution to GDP of countries throughout Africa ranges from about 15% to as high as 70% • Diversification of goods and services To households and individuals • Significant proportion of households earn some or all of their income from micro enterprise and small business • Higher earnings, more selection, lower prices • Opportunity to learn and grow • Achievement of Dream – quality of life and living
  • 9. Generally – Micro Enterprise = Start-ups 9  What attracts people into micro enterprise? • Hope for better income, preference for self-employment, skills, family background in business • Lack of alternatives  What resources do social entrepreneurs have? • Own savings • An idea of what they want to do • Human Capital  What resources do social entrepreneurs lack? • Education and Business Experience • Sufficient resources and capital
  • 10. The Life of a Micro Enterprise 10 Mean age of a Kenyan micro business is 6.9 years Few businesses outlive the founder Most lack sufficient capital Little or no access to credit for expansion Most suffer from poor infrastructure, insecurity, extremely competitive markets, and an unfavourable institutional environment There is little information on “new” micro- enterprises such as technology firms, business process outsourcing, etc. Lack of innovation and lack of access to key tools for success in business
  • 11. The Death of a Micro Enterprise 11  In Kenya, urban micro enterprise businesses are more likely to close than rural business  Age of average micro enterprise at closure • 3 years for urban businesses • 5 years for rural businesses  Main reasons given for closure: • Lack of operating funds • Personal reasons • Lack of resources or knowledge to expand or innovate
  • 12. Challenges to Micro Enterprise Development 12  Markets and competition  Resources  Technology  Infrastructure  Institutional environment  People who care
  • 13. How can we help foster Micro Enterprise 13  Activate private business and finance  Government  Non-governmental organisations  Faith-Based Organizations  Short Term Business Missions Trips  Activate Retirees with business and life experience to help educate and aid others as business coaches and mentors
  • 14. We can all make a difference in the continent of Africa – if we only get involved Help “To be a revolutionary you have to be a human being. You have to care about people who have no power.” - Jane Fonda

×