Impact of Micro-Enterprise in Rural Community

Abstract

The micro enterprise development in rural area plays vital role for economic, socio economic development and employment creation at local level. This study was done based on Falaincha VDC collecting primary data on This study focused the impact of the micro enterprise to the live of the people who are actually running the micro- enterprises business and only the positive impact. There were different micro enterprises activities carried by the locals of the study area and the general objective is study the impact of micro enterprise in rural community specifically of micro enterprise runner. However the specific objectives of the study are;  To study economic impacts of micro enterprise in lives of entrepreneurs of study area.  To study social impacts of micro enterprise in lives of entrepreneurs. This study pursued social research methodology, quantitative. It was based on the exploratory and descriptive study research designs. Survey was done with the semi structured questionnaire. The overall primary data were collected using qualitative and quantitative data collection with the help of semi- structured questionnaire and secondary data was collected from the different published and unpublished sources. Documents from INGOs, NGOs and GOs working in the relevant field and documents from internet sources to the study was collected. Out of total registered and not unregistered micro enterprise from the record of NCDC and other unofficial sources on 25% samples were taken and computer program was used for the raw data analysis using simple statistical tools and relevant technique. There were more female entrepreneurs were active in the area and equally participating in decision making in household. The household size was relatively small. The type micro enterprises included; hand paper, parlor, meat selling, mechanical workshop, poultry rising, furniture and mills that were supporting various activities of the rural communities for livelihood. The educational statue of entrepreneur was good but the however the higher educational level holder were quite low and people with the formal education were running agricultural base micro enterprise and it has not been quite long that they were running micro enterprises. The reinvestment capacities on microenterprise have risen along with income and main source for saving came from the micro enterprises. There have been increments in physical assets after the intervention of micro enterprise in the HH. Entrepreneurs have now become them capable and strong along with more social linkage. The direct socio economic impacts of the micro enterprise was beneficial and positive but there was still more initiatives was required from all the sector working in micro enterprise in Falaincha VDC