What kind of grants are helping the poor start their own business?”
In the race to achieve the Millennium Development Goals, it is critical to examine all tools at our disposal to alleviate poverty. The greatest untapped resource is the enormous potential, in the form of investment and innovation, of the private sector. And the success of any private enterprise with the poor depends on a dialogue and often collaboration with governments. United Nations Development Programme’s new report Creating Value for All: Strategies for Doing Business with the Poor offers suggestions for governments and the private sector to better develop markets that engage the poor on the demand side as clients and customers, and on the supply side as producers, employees and business owners. Its heart lies in 50 commissioned case studies by researchers largely from developing countries, including three cases from India. These studies examine businesses that have often worked with governments to successfully include the poor. Countries such as India can take concrete steps to f
There are many people who want to start their own business and unfortunately do not have a good credit score. This means that a bank will most likely not lend you the money that you need to start. If you have your heart set on starting up a business, then you need to start building your credit. The first thing you need to do is to separate your personal credit from your business credit. You will need to obtain a legal entity for your business and also a tax ID number. Then you will be ready to start building your business credit. When you start building your business credit, it may take a little time but you will then become qualified for supplier small credit lines and vendor credit lines. You need to make sure that you are paying your bills for the business on time if they are monthly or bi-monthly. When you have built your business credit and build a good credit history it will be separate from your personal credit. When the 3 business credit bureaus do there checking they can’t lin
