Microenterprises are invaluable at stabilizing family incomes. These microenterprises rely heavily on microfinance and microcredit. However, there is little evidence that these microenterprises grow into small and medium enterprises (SMEs) that lead to wealth creation and truly move families out of poverty. The same restrictions that are often the cause of poverty still work to inhibit the growth of microenterprises into SMEs. The primary inhibitors to this growth are the lack of education, specifically business education, and capital. The authors discovered that these factors are also true for the Afro-Mexican population in the Costa Rica (long coast, in Spanish ). A concerted effort is needed to provide greater access to business education and capital so that the region might be able to catch u p with the rest of Mexico i n terms of economic growth.
Hollingsworth, Keith and Ray, Mona
"From Microenterprises to Small Businesses in Rural Mexico: The Next Step,"
Challenge: Vol. 12
, Article 3.
Available at: http://digitalcommons.auctr.edu/challenge/vol12/iss1/3