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I'm currently working with a couple of colleagues to start a business investing at the $10k - $60k level in agribusiness in a few countries in Africa. There's a
by azundo 14y ago
I'm currently working with a couple of colleagues to start a business investing at the $10k - $60k level in agribusiness in a few countries in Africa. There's a huge lack of viable finance in this area, and lots of opportunity if you take the time to get to know business owners and the risks involved.
Seeing the potential that exists when you latch on to an enthusiastic entrepreneur who is then able to provide jobs for people who would otherwise be 'reluctant entrepreneurs' is extremely motivating.
There's another comment here about people being entitled, comparing that to Chinese or Indians who set up shop in Africa and do well, but there's an extreme amount of selection bias in those results. People who get up and leave their own countries in order to travel somewhere else are in no way representative of the population, and also escape societal and social pressures that might otherwise stifle their entrepreneurship. Comparing locals to migrants and then generalizing across the population is not an accurate viewpoint. Yes there is often a culture of dependency brought on by years and years of being exposed to aid programs, but there are many, many entrepreneurs who are doing great things.