RE: Harnessing Entrepreneurial Energy

The article takes an insight into fair trade market, as it puts forward an essential part to build up a mutual business---the cooperative that brings farmers together to fulfill benefits. Meanwhile, the author points out that because these cooperatives are lacking in investment to renew their outdated techniques, many of them cannot continue their business. According to one example in the article, a vanilla field in southern Mexico should have been successful since it associated farmers together and organized itself to approach to the market, but it unfortunately failed because it was short of capital to run the business. It is not uncommon that numbers of small business cannot receive loan from the banks, for it is indeed risky for bank to offer loans as well as properly assess their repayment abilities. Under this condition, they need certain financial institutions who know them well to help solve the funding matter by showing investors the huge potential of the growing fair trade business and their good credit. Just as Quinacho, which achieves great succeed and expands its business after it getting loans to renew the milling equipment that enhance the producing efficiency.
In another part of the article, the author describes how his organization improves farmers’ life after they obtaining investment to change and renovate equipment as well as get trained. In an example, a business in Haiti gains delightful development after it suffering from huge disaster, as it produces high-value home decor for Macy. Hopefully, such a big order gives the producers a higher income, but also inspires them to continue the business and improve their life. I am looking forward to that other places like Congo can help the poverty by the same way, for there are thousands of children-slaves working under severe condition while they earn little. Worse still, they may hold negative attitudes toward a better future and lack inspiration to change their life. If they can be associated together, obtaining loans to get trained and apply machine in production, millions of the poor can live a better life. Also, they can build up cooperative to run business themselves so that they don’t have to be threatened by military. What impresses me a lot is the ending of the article, children are able to take music classes because their parents earn from business, as I hope more and more children go to school like us and have opportunities to chase their dre

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• RE: blood coltan
• RE: Fair Trade: A human Journey
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• RE: A brilliant idea
• RE: Collaborative Entrepreneurship