Micro-Enterprise:
A business in a low-income country with the following characteristics:
-
Has under 10 employees, often family
members,
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Has limited capital assets, often under
$1,000,
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Is often located in the home or yard,
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Uses simple technologies,
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Is labor intensive,
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Obtains its raw materials locally,
-
Markets its products locally.
Poor:
A person who lives below the poverty line with insufficient access to economic resources to acquire enough commodities to meet basic needs (basket of goods that satisfy basic needs, health, education, social services, infrastructure, political enfranchisement, insurance against economic risk).
Poorest:
A person in the bottom half of those below the poverty line.
Poverty-Free:
Grameen Bank's definition of being free from poverty:
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House: Having a house with a tin
roof,
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Furnishings: Having beds or cots for
all members of the family,
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Water: Having access to safe
drinking water,
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Latrine: Having access to a sanitary
latrine,
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Education: Having all school-age
children attending schools,
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Clothing: Having sufficient warm
clothing for winter,
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Having mosquito nets,
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Healthy Eating: Having a home
vegetable garden,
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Food: Having no food shortages, even
during the most difficult time of a very difficult year,
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Income: Having sufficient
income-earning opportunities for all adult members of the family.
Small
Business:
A small business is a more advanced business enterprise than a
micro-enterprise with significant growth and job creation potential:
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Can have up to 100 or more
employees, most of whom are not family
members,
-
Has capital assets:
equipment, building, inventory, etc.
-
Is generally not located in the home or yard,
-
Uses more advanced technologies,
such as computers, specialized equipment, automation, etc.
-
Is professionally managed
by literate / trained craftsmen / business managers,
-
Obtains its raw materials
from many sources,
-
Markets its products
locally or outside the region.
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