Building Entrepreneurship in Rural Villages
Since 2000, Asia Initiatives has provided funds through MSSRF (M.S. Swaminathan Foundation) for sustainable enterprises via our Micro-Credit Bank (MCB) programs where loans are given to groups of people, mainly women, from rural villages. With access to capital, these people have proven themselves to be successful entrepreneurs, developing and expanding small business ventures of handicrafts, papermaking, garment production, and entrepreneurship. We also encourage creativity and entrepreneurship by enabling villagers to develop business ideas and submit them to our Micro Enterprise Capital Marketplace. We help create employment by providing financial support for innovative small businesses. Over 200 MCBs have been established to date in partnership with MSSRF, including 20 that were donated to VIKSAT in Gujarat after the earthquake.