Posts tagged entrepreneurship
Paolo Roberto Ferreira Mezes, known by all as Barrão, moved to Vila Autódromo sixteen years ago. After learning to fish and dedicating himself to the craft, he brought his wife and two young children to the peaceful, lakeside favela in Rio’s West Zone to turn the craft into a living. He decided to swap his home in Vila Valqueire for his brother’s abandoned waterfront property in Vila Autódromo. That way, Barrão was able to fish from his own backyard. In the years following the move, Barrão and his wife welcomed two more children, and they began fostering a loyal client base More >
The financial assistance given to families living in extreme poverty through the program Bolsa Família (“Family Stipend”) does not deter them from searching for work, or from becoming entrepreneurs themselves. The conclusion comes from the national Research Institute for Applied Economics (Ipea), after an analysis of Brazilian micro-entrepreneurship. “The Bolsa Família does not produce an effect of laziness or apathy in its recipients. The majority of beneficiaries being entrepreneurs with formalized businesses is proof of that,” says Rafael Moreira.
Moreira is one of the researchers focusing on the individual microentrepreneur–a More >
Since the founding of the Grameen Bank in 1976, the use of microfinance in development economics has proven a remarkably effective method of providing credit to the impoverished. Often lacking access to even basic financial services, micro-businesses can benefit from the increase in liquidity. To offer affordable products, organizations and financial institutions lend on the basis of solidarity lending, where microentrepreneurs form lending groups to borrow money. A loan is given to one member of the group, and it is the responsibility of all members to ensure its repayment. This allows lenders to not require collateral or good credit because all group More >
Climbing one of the many slopes of Morro da Pedreira in Costa Barros in Rio de Janeiro’s North Zone, you might not guess you’d find a father up here with a great talent for folk art and a passion for recycling and the environment. The material this man has chosen for his beautiful work is glass.
Often carelessly thrown away, glass becomes one of the villains in this season’s all-too-common flooding. Glass takes hundreds of years to biodegrade, which is why it is commonly recycled, or at least should be.
The artist Alex Sandro, or “Cabeludo” as he’s known in the community More >
Warning: Creating default object from empty value in /homepages/21/d325976276/htdocs/RioOnWatchFinal/wp-includes/comment-template.php on line 663
At the top of the Morro de Providência´s yellow and green stairway, a newly bright blue building – completing the Brazil flag color scheme – houses Favela Point, a brand new restaurant, bar and snack joint. Opened last week, Favela Point is already a victory for the seven women who developed the enterprise through Elas Social Foundation´s ´Elas em Movimento´ program to service residents and tourists alike.
As one of the partners, 20 year old Ana Carla de Silva Chagas explains, “We´re operating to serve the community and tourists, because here at the top there´s nothing like this.”
With support from the More >