From shopkeepers to entrepreneurs, boosting small businesses
At the Bavaria Foundation we're always looking for new ways to promote entrepreneurship. This year, we have been tackling one of the main barriers to starting a small business – the lack of access to credit. We've worked with local banks to provide micro-finance for shopkeepers so they can strengthen their businesses, increase their revenues and improve their quality of life. In the last two years, more than 4,000 shopkeepers have benefited from US$6 million made available in micro-credit financing.