Development involves transformation across structures, attitudes, and institutions to accelerate economic growth, reduce inequality, and eradicate poverty. It encompasses improving education, health, nutrition, environment, opportunities, freedom, and culture to raise standards of living. Development aims to increase access to necessities like food, shelter, and protection, while expanding economic and social choices. Scholars define development in social, political, and economic terms, focusing on topics like economic growth, modernization, institutions, freedoms, poverty reduction, and more. Development of a nation requires strengthening its governance, identity, revenue generation, and ability to make decisions and distribute resources to its citizens.
Implementing Startup Loans
Introduction
In Ethiopia bank lending is the primary source of external finance for large business which can provide collateral, but it presents challenges for micro, small, and medium enterprises(MSMEs) and new innovative companies with higher risk-return, not-qualified, and not capable to provide collaterals. Due to this gaps the MSMEs and new companies face difficulties in obtaining loans, leading them to seek alternative sources. The government has been taking steps to provide adequate finance to startups, but the success of these schemes remains questionable. CBE has been financing startups indirectly by financing MFIs; but it insignificant when to achieve the existing demand. Therefore, providing financing mechanism for those who have a profitable business idea can be a success area for both the Bank and customers.
CBE is going to provide loan named as Idea financing to help a new and innovative business launch and grow. Like any other loans, it is a type of loan that shall be paid back with regular repayment at a fixed interest rate. The fund can be used for many different things such as developing prototype, testing products, purchasing machinery, premises, and marketing.
CBE’s startup loans are part of the customer segmentation based service designed to help new innovative business access finance that might otherwise be difficult to get
Objectives
On 15th July 2023, Commercial Bank of Ethiopia has officially signed MoU and partner with Ethiopian Youth Entrepreneurs Association on zelela 7th round “From Innovative idea to commercialization”. The association has launched a product with a general objective to support and empower young entrepreneurs in the commercial ventures; like training and mentorship, access to finance, market exposure and innovation competition. Following this, the bank committed and engaged to provide financial and non-financial service by collaborating with different stakeholders to shed light on the young entrepreneurs in Ethiopia by intending to achieve the following specific objectives.
1. To diversify CBE’s credit portfolio.
2. To help entrepreneurs to get business started and growth.
3. To allow entrepreneurs to retain ownership.
4. To achieve national financial accesses goals.
5. Achieve business development efficiency of startups.
Target Groups
Micro business banking department offers unsecured financial access for individuals and wholesale customers, focusing on tailored products for women, start-ups, youth, and manufacturing enterprises. But the target group for this proposal are startups supported and recognized by Ethiopian Youth Entrepreneurship Association(EYEA).
Proposed Startup Loans
Based on the assessment, CBE could provide various ranges of products in a saving and credit scheme for startups. But here, it is recommended that CBE should introduce should Finance Startups by Customizing the Idea Financing Loan product. CBE’s Startups Financing is a loan extended t
the presentation focuses on the concept of development.How different scholars have defined development,the models and theories under itjklasdasldkasdasfasfa afafafaasf afafaFAF FAFAFAF FASFASFAFSGE QWAFAF FQQFQFAF FQWFQFAF FQQWASFA AFQWRQFAS Q.FASFFFQWF QFAFQWRFA FQWFAF WFFQrqhkabal afjhbqwui hkfqwkhfoqh fiqofhlqnl afnalfnqlwiknfjasfo nfasnflanfiqnlfqiwfqlflS FHQIOH.
Consreuction Management in Developing Countries; Lecture 1, concepts of development, causes of underdevelopment, commonalities and differences among developing countries
Implementing Startup Loans
Introduction
In Ethiopia bank lending is the primary source of external finance for large business which can provide collateral, but it presents challenges for micro, small, and medium enterprises(MSMEs) and new innovative companies with higher risk-return, not-qualified, and not capable to provide collaterals. Due to this gaps the MSMEs and new companies face difficulties in obtaining loans, leading them to seek alternative sources. The government has been taking steps to provide adequate finance to startups, but the success of these schemes remains questionable. CBE has been financing startups indirectly by financing MFIs; but it insignificant when to achieve the existing demand. Therefore, providing financing mechanism for those who have a profitable business idea can be a success area for both the Bank and customers.
CBE is going to provide loan named as Idea financing to help a new and innovative business launch and grow. Like any other loans, it is a type of loan that shall be paid back with regular repayment at a fixed interest rate. The fund can be used for many different things such as developing prototype, testing products, purchasing machinery, premises, and marketing.
CBE’s startup loans are part of the customer segmentation based service designed to help new innovative business access finance that might otherwise be difficult to get
Objectives
On 15th July 2023, Commercial Bank of Ethiopia has officially signed MoU and partner with Ethiopian Youth Entrepreneurs Association on zelela 7th round “From Innovative idea to commercialization”. The association has launched a product with a general objective to support and empower young entrepreneurs in the commercial ventures; like training and mentorship, access to finance, market exposure and innovation competition. Following this, the bank committed and engaged to provide financial and non-financial service by collaborating with different stakeholders to shed light on the young entrepreneurs in Ethiopia by intending to achieve the following specific objectives.
1. To diversify CBE’s credit portfolio.
2. To help entrepreneurs to get business started and growth.
3. To allow entrepreneurs to retain ownership.
4. To achieve national financial accesses goals.
5. Achieve business development efficiency of startups.
Target Groups
Micro business banking department offers unsecured financial access for individuals and wholesale customers, focusing on tailored products for women, start-ups, youth, and manufacturing enterprises. But the target group for this proposal are startups supported and recognized by Ethiopian Youth Entrepreneurship Association(EYEA).
Proposed Startup Loans
Based on the assessment, CBE could provide various ranges of products in a saving and credit scheme for startups. But here, it is recommended that CBE should introduce should Finance Startups by Customizing the Idea Financing Loan product. CBE’s Startups Financing is a loan extended t
the presentation focuses on the concept of development.How different scholars have defined development,the models and theories under itjklasdasldkasdasfasfa afafafaasf afafaFAF FAFAFAF FASFASFAFSGE QWAFAF FQQFQFAF FQWFQFAF FQQWASFA AFQWRQFAS Q.FASFFFQWF QFAFQWRFA FQWFAF WFFQrqhkabal afjhbqwui hkfqwkhfoqh fiqofhlqnl afnalfnqlwiknfjasfo nfasnflanfiqnlfqiwfqlflS FHQIOH.
Consreuction Management in Developing Countries; Lecture 1, concepts of development, causes of underdevelopment, commonalities and differences among developing countries
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1. Development.pptx
1.
2. ⦁ What is Development?
⦁ - Development: A multi-dimensional process
which involves transformation in structures,
attitudes and institutions as well as the
acceleration of economic growth, reduction of
inequality and the eradication of absolute
poverty.
3. ⦁ “ A better quality of life in world’s
poor countries calls for higher
incomes-but it involves much more.
It encompasses better education,
higher standards of health and
nutrition, less poverty, a cleaner
environment, more quality of
opportunities, greater individual
freedom, and richer cultural life.”
4. ⦁ To increase the availability and widen the
distribution of basic life sustaining goods such as
food, shelter, health and protection
⦁ To raise levels of living, that is to say, higher
incomes, the provision of more jobs, better
education, and greater attention to cultural and
humanistic values.
⦁ To extend the range of economic and social
choices available to individuals and nations by
freeing them from servitude and dependence not
only in relation to other people and nation- states
but also to the forces of ignorance and human
misery.
5. ⦁ Development is primarily defined in the
context of economy as it is equaled with
economic development of the country.
⦁ Various scholars of diverse disciplines have
view development in the following context:
- Improvement-change (for the better)
- Economic growth, Modernization,
Industrialization
6. ⦁ Myrdal’s concept –”Soft State”
underdevelopment is caused by external
relationships (trade, aid, and investments)
⦁ United Nations- looking for better
alternatives for third world countries in
dealing with developed countries.
⦁ Brandt Commission Report- (Uphoff and
Ilchman) development is one of the more
depreciated terms in social science literature.
7. ⦁ Ferrel Heady- in the case of modernization
development tends to be discussed in societal
terms.
⦁ Walter Rostow (Rostowian concept)-5 stages
of economic growth. Development process is
successive stages. (Traditional, pre-take off,
growth, maturity and high mass
consumption).
8. ⦁ Harrold- Domar equation- GNP =NS; 3RD
world nations must have mixture of
savings, investments and foreign aid in
order to be developed.
⦁ Simon Kuznets –social, ideological and
institutional aspects of development.
⦁ Dudley Seers-reduction of poverty,
inequality and unemployment.
⦁ Michael Todaro-changes in structures,
attitudes, institutions and acceleration of
economic growth.
9. ⦁ Amartya Sen: Expanding real freedoms that
people enjoy.
⦁ Douglas North- Institutions (Institutional
building).
10. ⦁ Development is understood in terms of the
following;
🞄Social
🞄Political
🞄Economic
11. ⦁ Social development: Process of growth and
development of the capacities of the people
and the improvement of society in which they
live in order to obtain a better life for all.
⦁ Economic development: discussed in terms of
economic growth although economist were
aware of non-economic factors.
⦁ Political development: process of increasing
rationality, equality, participation and
secularization in the political system.
12. ⦁ Democratic governance: involves the
interdependent democratization of the state
and its governmental institutions.
⦁ Civil society: All sectors and institutions in
the political community outside of the state
and its government.
⦁ Political parties: meaningful and attractive
organizations of people who want to play
active political roles in affecting public policy
and governance.
13. ⦁ Capacity for governance: Refers to the ability
of the state to make and enforce its decisions
on all citizens and groups.
⦁ National Identity: Citizens identification
within the state to make them perform their
duties and responsibilities as participants in
the political process.
14. ⦁ Extractive capacity: The ability of the state to
raise revenues and generate public support in
order to perform its functions and render
public service.
⦁ Distributive capacity: The ability of the state
to make decisions to distribute or redistribute
material and other benefits in the society.
15. ⦁ World Bank World Development Report, 1991
⦁ Michael P. Todaro economic development 6th
New York University