The Power of Microbusiness
Shannon Maynard is the Director of Grameen Foundation’s skilled volunteer program, Bankers without Borders®. Maynard has more than 15 years of experience in nonprofit management and volunteer mobilization. Before joining Grameen Foundation, she served as Executive Director of the President’s Council on Service and Civic Participation, and managed strategic initiatives for federal agency the Corporation for National and Community Service. One of the books that has been on my reading list for a while but I haven’t gotten to yet is The Coming Jobs War, by Gallup CEO Jim Clifton. As a busy working mom, I’ve read reviews and excerpts, and have promised myself to read the entire book by the end of the summer. I do know that the premise of the book, which is based on the findings of Gallup’s World Poll, is that what people in the world want most is a good job. Here in the United States that typically translates to a formal job and steady paycheck. In the developing world that includes informal jobs, but the message is the same – people want steady, reliable pay in return for a hard day’s work. Clifton argues that over the course of the next 30 years, economic force will trump political and military force in terms of determining which countries have power and influence and which do not. The top U.S. cabinet position will be the Secretary of Job Creation – not the Secretary of State or Defense.At Grameen Foundation, we focus our time on creating ways to give the poorest people, in some of the world’s poorest countries, access to information and financial services that will help them improve their livelihoods, most often through the creation of informal jobs. In the United States, there is a similar effort afoot to provide greater access to financing and technical assistance to help microbusinesses – those businesses with between one and five employees – grow and create more jobs. The Association for Enterprise Opportunity (AEO), the voice of microenterprise development in the United States, argues that if just one-third of these microbusinesses were able to hire one new employee, the United States would be at full employment.