Microbusiness Incubation in Ethiopa
Value: A non-profit focused on the health care of poor women living with HIV in Ethiopia decided to help address the financial aspect of their clients lives. These women all live on less than US $1 per day and most of them struggle to feed their families and afford decent living conditions. An MBA from Duke University and I invested our summers working with this NGO to develop a micro-business incubator that would help these women design and implement profitable small businesses and increase their incomes.
People: During our two month engagement we met with over 250 women to discuss their business ideas and mapped out an approach for the NGO to systematically support their entrepreneurial visions.
Impact: By the end of the summer we had helped launch one business and put in place a process with a service owner. The team now regularly meets with aspiring entrepreneurs to discuss their ideas, to help them differentiate themselves in the market and to connect them with a local micro-loan partner when appropriate. And, they share success stories about this in their quarterly newsletter.
My Role: Along with meeting over 250 of these aspiring micro-entrepreneurs, I led the development of the process and procedures to support the service and helped identify a service owner. No small task given our short timeline; however, we wanted to focus achieving results quickly to demonstrate the value of the service and start helping the women quickly.
Media: I wrote up four stories from Ethiopia to share with our sponsor and his organization: John Hatch -- the founder of FINCA. [Click here for stories]
Employer: Mission To The World (US Faith-Based Organization)