What is the relationship between micro-financing and entrepreneurship?

First, thanks for invitation.

As cited in Aftab and Naveed , 2013 ,( Role of Microfinance Institutions in Entrepreneurship Development) , Entrepreneurship is one of the commonly terms used in business, management, economics and other related fields. Entrepreneurship means innovation, creativity, leadership, profit maximization or start of a new business, it helps in the process to increase economic growth, employment generation, increase national income and also creating innovation . On the other hand, Microfinance purpose is to save people from the local moneylenders who charge high interest rates and also to establish income generating activity for them and the research project launched to provide microcredit and banking services to the those people. In addition, microcredit programs are based on unique mechanism such as group lending, social collateral and distinctive payment methods. It isn’t based on checking credit history, income sources and bank balances but works on character based lending and thus managed to give loans to those who lacking credit histories. Therefore, Microfinance and entrepreneurship help as a combine tool to contribute in development and also measure the level of satisfaction of microfinance institutions clients toward their respective banks considering primary source of data at district level.

micro financing now support economy in all world by make new opportunity and start businesses 

Since the early nineties calendar age is becoming an era of entrepreneurs, where focused on educational institutions and government organizations, businesses and society as a whole entrepreneurship. Research and extensive studies have proliferated in this area all of which confirm the importance of the national economy, as the pioneers are the first element to all the individual, institutional or even regional and national levels. And that the most successful economies are those that will contribute the most prominent contribution to economic growth through the dissemination of knowledge, which will remain trapped without commercial deployment.

Definition of leadership: is the establishment of a free work is characterized by creativity and risk.Definition of Entrepreneurship Entrepreneurship:  French origin of the word means a person who proceeds or attempts to create a business. And the first to use the term is a famous French businessman Jean Babistah, due to the definition of an entrepreneur economist Schumpeter. He was known as a leading Schumpeter: is a person who has the will and the ability to turn a good idea or new invention into a successful innovation. Thus strong leadership "creative destruction" in the presence of the various markets and industries, create new products and business models.Oriented leadership: began to move towards the lead at the beginning of this century it has been characterized by varying the establishment of small projects between the countries

The evolution of the growth of entrepreneurship: there are factors that encouraged entrepreneurship development, including: 1. culture and social values. 2. environment possibilities.

Supporting factors for the emergence of entrepreneurs: • society's perception of entrepreneurs as heroes. An example of this (Bill Gates). • universities interest in teaching entrepreneurship in America, more than one thousand five hundred university teaching entrepreneurship. • economic and demographic factors. • technological development "became a technology accessible to small businesses." • Independent Living.

E-commerce, "the Internet has provided great opportunities for entrepreneurship, the shift towards the service economy." This has been paid entrepreneurship great attention to the belief that small and medium enterprises are the spear for the industry head in the future, so she directed small and medium enterprises and micro to open new horizons for work outside the government to cope with unemployment, and to integrate the informal sector in the economic development process to raise production. Note that the small and medium enterprises provide 75% of the jobs currently.

Vision "Dream Tomorrow" vision: It should embrace the vision of entrepreneurship on education for the success of the projects, to find innovations and creative ideas and skills are needed and put it in the curriculum and courses to gaining us create a new generation be able to keep pace with development and works to solve the problem of a lack of available jobs, especially in the Arab labor market. So what is required is spreading a culture of entrepreneurship in all levels of education.

Benefits of Leadership: • independence. • opportunities for excellence. • an opportunity to maximize ambitions. • the opportunity to achieve profits. • an opportunity to contribute to society. • create jobs for other others.

Some cons of leadership: • instability of income. • frustration. • Long working hours. • lower standard of living "in the beginning." • suffering from the pressures of work. • full responsibility. • risk. Entrepreneurship and effective means to pay unemployment and eliminate them, and because the entrepreneurial spirit is the basis for care by promoting among young people

Micro-financing encourages and promotes entrepreneurship among the poor and lower-middle class in a certain society. One of my goals to be involved in the set up of micro-finance organization using the Islamic Financial concepts to promote entrepreneurship and elevate poverty. 

Basically micro-finance philosophy came from in order to develop and support small businesses and projects to improve and develop income support for small families, is a direct relationship - very strong - With a opportunities for micro-finance entrepreneurship to flourish and evolve projects

Thanks

I support Mrs Ghada's answer