Entrepreneurial Development Initiatives

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Copyright: 2020
Pages: 70
Source title: Micro-Entrepreneurship and Micro-Enterprise Development in Malaysia: Emerging Research and Opportunities
Source Author(s)/Editor(s): Abdullah Al Mamun (UCSI University, Malaysia), Mohammad Nurul Huda Mazumder (George Brown College, Canada), Noor Raihani Zainol (Universiti Malaysia Kelantan (UMK), Malaysia) and Rajennd Muniady (New Era University College (NEUC), Malaysia)
DOI: 10.4018/978-1-5225-8473-5.ch001

Keywords: Business & Management / Business Science Reference / Entrepreneurship / Entrepreneurship & Innovation

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Abstract

This chapter begins with a brief historical background including the political and demographic delays followed by the economy and the changes of economic activities over the years; the poverty in Malaysia, including the history and measurements of poverty; and finally, an introduction to the Malaysian development policies and strategies. The next part of this chapter defines and understanding types and dimensions of poverty, followed by the origin of group based micro-credit programs focused on improving the socio-economic condition of the poor and low-income households. This chapter also presents the discussion regarding approaches of micro-credit, role of donors and investors, role of apex organizations, outreach of microcredit programs, impact of microcredit programs, and limitations of microcredit programs. Finally, this chapter presents the details of the programs and policies of the leading micro-credit organizations in Malaysia.

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