Home > Uncategorized > Can Every Poor Person Be An Entrepreneur?

Can Every Poor Person Be An Entrepreneur?

I have been pondering this question for the last few days after I came across an article that claimed that P2P micro lending was missing the point in assuming that all poor people had the capacity to be entrepreneurs and was making a case for not funding poor people until their entrepreneurial skills were justified. I thought about the impact that Kiva has made and I thought that if really entrepreneurship (in this case micro entrepreneurship) was such a rare skill then how it is that Kiva has funded over 3800 entrepreneurs with a default rate of just 2%? it must mean that their businesses are flourishing right? so is entrepreneurship a learned skill or something one is born with and just how common is this skill??

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  1. Katyinvestor
    September 1, 2010 at 8:43 am

    i agree that we cannot assume that poverty automatically means the ability to start and successfully run a business. The trur definition of poverty is the lack of wealth and in some cases the abscence of opportunity so in a sense, microfinance presents am opportunity that would otherwise not have been available. and maybe we need to give the poor training in starting and running businesses rather than just throwing money at them!

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