Investment in Microenterprises for Scaling up Business Growth: Evidence from Social Business Project

Farhana Ferdousi and Parveen Mahmud

A chapter in Entrepreneurship - Development Tendencies and Empirical Approach from IntechOpen

Abstract: Promoting entrepreneurship among the youth and women is an emerging global trend for inclusive sustainable development. This study aims to unlock the potential of social business investments in microenterprises for turning unemployment into entrepreneurship and scaling up business growth. According to Prof Yunus, "social business is selfless business to solve social problems" based on seven principles. The study has selected 264 enterprises of Nobin Udyokta (NU) meaning new entrepreneurs under Nobin Udyokta Project (NUP) of Grameen Telecom Trust (GTT). NUs and GTT have co-investments under equity participation for at least one or more than 1 year. NUs are basically emerging micro entrepreneurs, who are often disproportionately burdened with multi-dimensions of poverty and lack of working capital, which inhibits business growth. Findings of regression analysis show that social business fund can significantly influence the growth of NU enterprises and increased investment can also create more employments. Therefore, this study is having value to the promoter, advocates, investors in social enterprises, and policy makers seeking strategy for reducing poverty and unemployment through entrepreneurship for sustainable development leaving no one behind.

Keywords: youth entrepreneurship; sustainable development; social business; Nobin Udyokta (NU); Grameen Telecom Trust (GTT) (search for similar items in EconPapers)
JEL-codes: L26 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.intechopen.com/chapters/57899 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ito:pchaps:121543

DOI: 10.5772/intechopen.72126

Access Statistics for this chapter

More chapters in Chapters from IntechOpen
Bibliographic data for series maintained by Slobodan Momcilovic ().