info@ceoworld.biz
Thursday, March 28, 2024
CEOWORLD magazine - Latest - Education and Career - How small businesses are creating new job opportunities for many poor people: Pictures?

Education and Career

How small businesses are creating new job opportunities for many poor people: Pictures?

Old Turkish man manages a shoe repair shop
Old Turkish man manages a shoe repair shop

The shoemaker in Turkey, the potato seller in Vietnam, and the washerman in India are among the billions of  low income entrepreneurs, who makes the world population go round.  Please find below pictures explaining, how small businesses are creating new job opportunities for many people, in the poorest countries on the planet?

Over the years, middle-income families have struggled to keep pace with smaller paychecks and mounting debt, entrepreneurship (microfinance) offers an increasingly promising pathway out of poverty .

On an individual level, self-employment can help people exit poverty — route to economic self-sufficiency. However, low-income entrepreneurs are not well-served by either mainstream financial institutions or government programs.

Every year, the Consultative Group To Assist The Poor (or CGAP) hosts a photo contest asking entrants to submit photos based around the idea of microfinance. The purpose of the contest is to give amateur and professional photographers a chance to show the different ways that poor households manage their financial lives and make their lives better through financial inclusion.

In Vietnam, a woman transports potatoes to sell at a local market. This is the Grand Prize winner.

a woman transports potatoes in Vietnam
a woman transports potatoes in Vietnam

In Bangladesh, selling papers is a common form of self-employment. This is the second place winner.

selling papers in Bangladesh
selling papers in Bangladesh

In Mali, These men work in the rice wholesaling market of Bamako – won third place.

Men work in the rice wholesaling market of Bamako, Mali
Men work in the rice wholesaling market of Bamako, Mali

In Egypt, woman manages to get financed her embroidery and painting business through a microloan. The photo won the “people’s choice” vote.

woman in embroidery and painting business Egypt
woman in embroidery and painting business Egypt

In Tanzania, thanks to the high prices and low quality of imported Chinese tires, there is a high demand for re-rubbering tires. The photo won the “Sub-Saharan Africa Regional Winner” vote.

Re Rubbering tire business in Tanzania
Re Rubbering tire business in Tanzania

In Brazil, these workers are preparing to sell oranges at the São Joaquim Market, the largest flea market in the city of Salvador. The photo won the “Latin America and Caribbean Regional Winner” vote.

Workers preparing to sell oranges in Brazil
Workers preparing to sell oranges in Brazil

In Bangladesh, private brick businesses are creating many new job opportunities for poor people. The photo won the “South Asia Regional Winner” vote.

Private brick businesses Bangladesh
Private brick businesses Bangladesh

In Vietnam, a group of Vietnamese women cross the sand dunes to the beach to go fishing. The photo won the “East Asia and Pacific Regional Winner” vote.

Vietnamese women cross the sand dunes
Vietnamese women cross the sand dunes

In Turkey, this 84-year-old Turkish man manages a shoe repair shop that affords him a decent income. The photo won the “Europe and Central Asia Regional Winner” vote.

Old Turkish man manages a shoe repair shop
Old Turkish man manages a shoe repair shop

Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.

This report/news/ranking/statistics has been prepared only for general guidance on matters of interest and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, CEOWORLD magazine does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.


Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz
SUBSCRIBE NEWSLETTER
CEOWORLD magazine - Latest - Education and Career - How small businesses are creating new job opportunities for many poor people: Pictures?
Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is a publishing executive and economist who is the CEO and editor-in-chief of The CEOWORLD magazine, one of the world’s most influential and recognized global news publications. Additionally, he serves as the chair of the advisory board for the CEOWORLD magazine. He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He earned his Doctoral Degree in Chartered Accountancy from the European International University Paris, France, and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States.


Prof. Dr. Amarendra Bhushan Dhiraj is CEO and editor-in-chief of CEOWORLD magazine. You can follow him on LinkedIn, Facebook, Twitter.