REPORT: Prosepect's Learning Paper No. 6: Young Female Entrepreneurs
The Employment and Entrepreneurship sub-program under Prospects Liberia provides young entrepreneurs, aged 18 to 35 years, business skills training and the opportunity to apply for a microgrant (USD 250 to USD 750) to start up or expand a business through a Youth Investment Fund. Data captured throughout the program indicates that significantly more women than men seek and receive the small business grants. Given this information, the Prospects team sought to understand what motivates young women to pursue entrepreneurship. Nine focus groups (six female and three male), held in Bong, Grand Bassa, and Montserrado Counties, explored the factors driving young women and men to entrepreneurship. Conversations revealed that most young entrepreneurs pursue business for one of three reasons; out of necessity, because they possess a passion for business, or to use it as a stepping-stone to achieve other goals. This learning paper explores the motivations, successes, and concerns of the young grant recipients.
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