sme presentation final

8/14/2019 SME Presentation Final

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Prepared by: Reflection

Women entrepreneurs in SME:engaged in Manufacturing

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CONNECTING GIRLS, INSPIRING FUTURES


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Executive SummerySMEs are recognized as engine of economic

growth and employment generation for

sustainable industrialization in both developed

and developing countries of the world.In

Bangladesh, a large number of women work inthe informal sector, but the real value of their

participation and contribution is not recognized in

the society. However, it is heartening to note that

despite many barriers, a new womensentrepreneur class in the Small and Medium

sector has developed in the country taking on the

challenge to work in a male dominated,

competitive and complex economic and business2


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Chapter 1

1.1 Introduction:Entrepreneurship has been regarded as one of the important

determinants of

industrial growth both in the developed and in the under-developed

countries.Despite its importance for the economy, the emergence of women

entrepreneurship is a new phenomenon all over the world. In

Bangladesh women

constitute slightly less than half the population but there are not

enough

employment opportunities for them. In spite of fewer opportunities,

many women

have succeeded in business.

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Continued

1.2 Objectiveof the project; To identify the present status of women entrepreneurs in different

sectors and the role of women entrepreneurs in the national

economy,

To determine the women entrepreneurs profile, their successindicators

To examine how womensbusiness associations can strengthen

womensposition in business and international trade promotions;

To indicate areas in need of further research with understanding

of economic contributions by female enterprise owners ;

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Continued 1.3 Limitations of the project:

Data collection through interview was a time consuming matter.

The respondents sometimes were found non-cooperative with

the interviewers.

Present study covered women entrepreneurs engaged in SME

only. Gathering information from some of the women entrepreneurs

was sometimes very difficult and extremely time-consuming.

Further, it was also found that women entrepreneurs have a

tendency to disclose lower income and higher expenses.

The study was conducted among women entrepreneurs of veryfew districts. So this may not reflect the total picture of

Bangladesh relating to women entrepreneurs.

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Chapter 2

2.1 Methodology: The study adopted the followingmethodologies:

i. Primary Research

ii. Secondary Research

The total sample size was 20 women entrepreneurs who wereinterviewed for the survey.

2.2 Techniques of Data Collection: To collect data fromthe field,

appropriate questionnaires / checklist were provided. The

questionnaire

covered elements required for the survey. For qualitative research,

techniques such as interviews, and key informant interviews were

used.

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Continued Objective wise details:

Sl

No.Objectives Activities Tools used

1. To identify the presentstatus of women

entrepreneurs in different

SME sectors

Questionnaire

Survey

StructuredQuestionnaire

2. To determine the womenentrepreneurs profile,

their success indicators

with reference to a

particular sector

Questionnaire

Survey


3. To examine and assess thesocio cultural/

educational and legal

barriers to women's entry

into enterprise, as well as

performance and growth

in entrepreneurship

QuestionnaireSurvey


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Chapter 3

3.1 Small & Medium Enterprises (SMEs):As per thesurvey of ICG and MIDUS, there are approximately 6 million

SMEs and 31 million people are employed in SMEs. Among

these 6 million-

40% is wholesale & retail

22% is in production & sale of agricultural goods

15% is in services

14% is in manufacturing

3.2 Definition of SME: SME means Small and MediumEnterprises. There is no common acceptable definition of SME

that has been applied worldwide. Bangladesh Bank defined

SMEs in line with the Industrial policy 2010 as follows:

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Continued

Value (replacement cost)of fixed assets excluding

land & buildingNo. of employees

Small Industry

EnterpriseManufacturing BDT 50 lac to1 crore 25 to 99Service BDT 5 lac to 1 crore 10 to 25Trading BDT 5 lac to 1 crore 10 to 25

Medium

Industry

EnterpriseManufacturing BDT 10 crore to 30 crore 100 to 250Service BDT 1 crore to 15 crore 50 to 100Trading BDT 1 crore to 15 crore 50 to 100

Micro IndustryEnterprise Manufacturing BDT 5 lac to 50 lac 10 to 24 or lessService Less than BDT 5 lac Less than 10

Trading Less than BDT 5 lac Less than 10

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Continued

3.3 Barriers to the Promotion of the SME Sector

in Bangladesh: Lack of capital support

Absence of policy for transfer of modern technology

Unavailability of appropriate infrastructure facilities

Lack of marketing opportunities

Inadequate policy reforms

Lack of exposure to international markets

Law and order situation

Illegal imports and non-tariff barriers

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Chapter 4

4.1 Women Entrepreneurship in Bangladesh:Womenentrepreneurs constitute less than 10% of the total business

entrepreneurs in

Bangladesh whereas women in advanced market economies own

more than 25% of

all businesses. Although the Constitution of Bangladeshguarantees all citizens

equal rights, in reality, the society is highly stratified and services

are rendered on

the basis of class, gender location, etc., which often results in

disparities. 70% of

the women entrepreneurs are micro and rural based. They are not

given proper

opportunity for expansion. As a result, they are unable to expandtheir operations

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Continued

4.2 Women Entrepreneurs of Bangladesh: The types ofenterprises operated by women may be placed under followingcategories:

Household or family trade (Cottage Enterprise or Industry),

Small Enterprise or Industry

Medium Enterprise or Industry

An important element of Women SMEs is that the technologies orprocesses used are

Often relatively simple. These types of business include

food processing,

tailoring,

hot gram (chanachur) production, grocery stores,

poultry farm,

cow rearing,

sweetmeat shop,

restaurants etc.12


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Continued

4.3 Why SME is most desirable to womenentrepreneurs?

Main reasons for women undertaking SME are-

Small business enterprises are characterized by informal work

organization, flexible working hours and ease of combining gainful

employment with domestic responsibilities. Activities involved insmall business sector will give women flexibility to spend more

time for their family.

Since many women of Bangladesh are less educated than their

male counterparts and need to look after their households, they

have a good chance to get a job in small business and continuethere.

Moreover it is well established that women entrepreneurs are

better re-payer of credit. All these facts support the arguments that

women should get priority over men under any entrepreneurship

development programs related to small business.13


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Continued

4.4 Case Studies:1.Abida Sultana:

Abida Sultana ownsAbida's Designand Pithar

Adda, two separate businesses.Her

businesses are mainly onlinebusiness.

Abida's Design is a completewedding

solution. Pithar Adda delivers pithafor

various occation. The organizationthat

helped Abida start her business is

Shawpnochura Mohila O ShishuUnnoyon

Sangstha. Abida's starting capitalwas 500014


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Continued2. Sharmin Hossain:Sharmin Hossain started her business at

2007but it really took off in 2010. Her

company's

name is Fresh And Safe Agro Ltd. Herproducts are

seasonal vegetables, fruits, meat, fish,

eggs, milk andedible oil. FASAL uses cucumber leaf as

pesticideand

try to maintain an international standardin

manufacturing and marketing byfollowing

Integrated Pest Management (IPM) andGood

Agricultural Practices (GAP). FASAL hasits own 3

acre land in Manikganjand a warehousein Gabtoli.

FASAL has outlets in Banani, DarusSalam Huma un

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Continued

3. Fatema Begum:Fatema Begum is an entrepreneur

who

started her business in 1996 with

helpfrom Mohila Unnoyon Somitee.

She

operates her business from

Korotia,

Tangail. She operates a boutiqueshop

that has Sharees, Salwar Kamiz,

Bed

Cover etc. Her capital is now over

250000 tk. Her business is in16


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Continued

4. Shahnaz Khan:Kay Kraft was established by theentrepreneurial wife and

husband team of

Khalid Mahmood and Shahnaz

Khan. While

still a University student, Shahnaz

Khan first

introduced Kay Kraft to the clientele

through

a home-show back in May 1993. Kay

Kraft has outlets in Sobhanbagh,

Bailey Road,

Malibagh, Shimanto Square,

Dhanmondi, Banani,Mir ur Aziz Su er Market Uttara

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Continued

5. Nilufa Yeasmeen:

Nilufa Yeasmeen started her

business with

help from Tantihara Mohila Kalyan

Somitee.She has her own showroom in

Kalihati,

Tangail. Her products are Tangail

Sharee,

Salwar Kamiz, Orna and differenttypes of Bags

made from Jute.Her starting capital

was

20000 tk. and now it's over 300000

tk.18


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Continued

6. Nur Akhter Banu Ritu:Nur akhter banu Ritu had training

from

BSCIC and jute mills. Theorganization has

different branches in Rangpur,Narsingdi

and Bogra. She started at theyear 1998

with 5000 tk. as capital. Her

products areMainly Toys and Bags. She has

been

exporting her products since2010. Her

Business is sole proprietorshipinvolving

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Continued7. Jahanara:Jahanara Cottage Industries JCI

was

established in 1954 with the visionto help

the poor handicraft

artisans from remoteparts of Bangladesh. It's aims wereto help

artisans to establish themselves inthe

society economically and to

enhance theirdignity in the society. Jahanara

Cottage

Industries is an proud member ofWorld Fair

Trade Organization. Jahanara, theactual20


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Continued

8. Arpita Ghosh:

Arpita Ghosh started her businessin 2011

with no formal training. Her starting

capital was 8000 tk. and now it's

over

100000 tk. She has her own

showroom at

Mirpur 2 namedAngkita Fashion &

Jewelry.

Her products are Salwar Kamiz,Shareeand

Jewelry. Her business is also a

sole

proprietorship. She wants to open

more21


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Continued

9. Salma Islam:

Salma Islam started her business

in 1990

with 500 tk. as capital. Now her

capital is

around 300000 tk. She is amongsttop 10

women entrepreneurs of Jatiya

Mohila

Sangstha. Her products are

Sharee, Fotua,Panjabi, Salwar Kamiz, Bed &

cushion Cover

and Nakshi Kantha. Her own

cloting line is

called Salma Handicrafts. Salma22


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Continued

10. Asma Begum:Asma Begum started herbusiness in 2008

with 1000 tk. worth 1 Kg. beads

and now

her capital is 700000 tk. Shedidn't have

any formal training. Her products

are

mainly showpieces and handbags

made

from beads. She works with Jatiya

Mohila

Sangstha. Her business is a sole

proprietorship. She also owns asatellite

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Continued

11. Tahmina:Tahmina started her business in

2011 with

500 tk. as capital and now it's

25000 tk.

She works with both BSCIC andJatiya

Mohila Sangstha. Her products are

showpieces made from dry flowers

and

handbags. Tahmina has a Masters

degree

from JnU. Her business is a

partnership.

Her future plan is to sell herroducts at

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Continued

12. Jasmine:Jasmine is an womenentrepreneur who

works with SMEFand has a trade

license.

She started her business in 2005with

10000 tk. as capital. Her present

capital

is over 1000000 tk. She has her

own

boutique house named Alisha

Boutique

House at Mohammadpur. Her

products

are Salwar Kamiz, Sharee, Kid's25


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Continued

13. Selina Akhter:

Selina Akhter started her businessat 16

November 2011. She works with

Mohila

Somitee. She operates her

business from

Goalondo, Rajbari. Her capital is

200000

tk. She produces agricultural

products likeDaler Bori, Jober Chatu, Dheki

Chata Atop

Chal, Mustard Oil, Muri, Ghee,

Brown Sugar,

Naru, Pickles etc. Selinas26


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Continued

14. Bilkis Ara Beli, SalinaRahman:

Bilkis Ara Beli and Selina Rahman

are

partners. They are involved with

the

organization Choyshati Mohila

Kalyan

Somitee. Their products are

Cushion Cover,Tissue Box, Wall Pocket, Churi

Box, Rice Cooker

Coveretc. They run their business

from

Basail, Tangail. They want to27


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Continued

15. Asma Ahmed:Asma Ahmed is an entrepreneur

who makes

jewelry, showpieces, vases etc.

She had help

from Shuptokola Academy. Sheoperates her

business from her home in

Farmgate and

doesn't have any employees. Her 3

daughters help her making the

products.

Her starting capital was 50000 tk.

and now

it's 100000 tk. Her business is asole

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Continued16.Salina Akhter:

The organization that helped Salinaset her

business is Golabari Nari Kallan

Somitee,

Madaripur. She is also the President.

She has

her showroom in Madaripur. She

mainly

produces Salwar Kamiz, Sharee,

Nakshi Kantha,Utility bamboo & cane baskets etc.

Her starting

capital was 20000 tk. and now it's

around

800000 tk. Salina mainly employs29


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Continued

18. Tahsina Shaheen:

Tahsina started her own fashion

house

Sadakalo in 2002 at Shimanto

Square. Sadakalo

is probably the first fashion house toproduce

couple's costumes and matching

costumes for

mother-daughter and father-son.

AlsoSadakalowas the first fashion house

to bring

out mugs with Bangla alphabet. It

has outlets

in Banani, Gulshan, Wari,30


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Continued

20. Shahana Begum:

Shahana Begum is a partner and

an

entrepreneur of Blazer BD. She

and her

brother started the business. Shehad

training on Embroidering and Block

from

Roorke University of India under

Usha Board,Agra in 1992. She wants to export

and

expand her business to whole

world. Their

products include- Adam's Fashion,31


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Chapter 5

5.1 Contribution of manufacturing in nationaleconomy:

Production of large and medium scale manufacturing industries,

particularly knitwear, ready-made garments, cotton textile,

pharmaceuticals, wood products, iron and steel, ceramic, cement,

plastic products etc. showed substantial growth in the first sevenmonths of FY 2006-07.

Small and cottage industries showed a substantial growth during

July-December, 2006 over the same period of the previous year.

Contribution to GDP of large and medium scale at constant prices in

2009-10 was 5.98 and in 2010-11 was 10.41.

Contribution to GDP of small scale at constant prices in 2009-10

was 7.77 and in 2010-11 was 7.34.

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Continued

5.2 Enterprise Analysis: Enterprise analysis based on theinterviews-

Business Constraints:

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Continued

Social Constraints:

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Continued

5.3 Conclusion: Women have the qualities andtemperament to become successful entrepreneurs and shouldbe encouraged to start their own business to help them become

economically independent. Women are very determined and

good strategists. They can cope better than men psychologically

with the pressure of running a business (Khan, May 21, 1994).

Women entrepreneurs are making their contribution to thenational economy and it is they who will play their role in making

Bangladesh a strong and prosperous nation.

5.4 Recommendations:

Various custom duties on export should be reduced for women

entrepreneurs.

Development programs should focus on empowering women in

such a way that they may easily undertake business activities.

A credit Program should be undertaken in the development

budget to give collateral free loan.

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Continued

development providing the necessary information on the career

prospects of women.

Training on Business Development should be provided to

women in order to attract them towards entrepreneurship.

Women Entrepreneurs of Bangladesh should be assisted to

organize SME trade fairs in the SAARC region.

Participation in international trade fairs and single country fairs

would enhance the business of the Bangladeshi women.

Manufacture of quality products for international market should

be given priority in order to highlight the image of Bangladesh

through its products.

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Thank You All. Any queries?

sme presentation final

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