The process of turning a new idea or technology into a business that can succeed and will attract investors: Potential entrepreneurs trying to identify a possible business idea, pay attention to everything in the media.
Published in Chapter:
Women Entrepreneurs and Microfinance Institutions: A Way to Create New Ventures
Waseem Ul Hameed (School of Business, Management, and Administrative Sciences (SBM&AS), Department of Islamic and Conventional Banking (ICB), The Islamia University of Bahawalpur (IUB), Pakistan), Muhammad Farhan Basheer (School of Economics, Finance, and Banking (SEFB), College of Business (COB), Universiti Utara Malaysia, Malaysia), Jawad Iqbal (School of Business, Management and Administrative Sciences (SBM&AS), The Islamia University of Bahawalpur (IUB), Pakistan), Qasim Ali Nisar (Superior University, Lahore, Pakistan), Muhammad Saeed Meo (Superior University, Lahore, Pakistan), and Shazma Razzaq (Awang Had Salleh Graduate School of Art and Sciences, Universiti Utara Malaysia, Malaysia)
Copyright: © 2021
|Pages: 17
DOI: 10.4018/978-1-7998-4826-4.ch010
Abstract
The objective of this chapter is to highlight the important relationship between microfinance institutions and women entrepreneurs in new venture creation. This chapter is proposed because women-empowerment is one of the crucial issues worldwide. In certain parts of the world, women are bound to customs, norms, beliefs, which are unique. These issues are found to promote social problems and hinder the economic contribution from women. In this direction, microfinance institutions are playing a vital role to promote women-empowerment through providing various opportunities to create new ventures. New venture creation increases the women social and economic empowerment through income generation. Various microfinance factors such as micro-credit, micro-saving, micro-insurance, and micro-training/skill development have a significant positive contribution to create new ventures. Finally, this chapter could be beneficial for microfinance institutes, state bank and government in making the strategies to enhance women-empowerment through new venture creation.