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Macro Economic
Macroeconomics concerns the economy of a country as a whole and relates to the government, the tools they have to use and the decisions they have to make. If, for example, the majority of a country's population is classified as young people, investing in young entrepreneurs could be good for the government as well as the individual. Providing more people with an income means that there is more money to tax. The money generated could then be used to improve the country's infrastructure (such as roads, railways, etc.); to improve education or make it available to more people by lowering fees, or; to improve hospitals and healthcare, for example.
The more jobs we create, the more tax revenue will be generated, something which can equip countries to invest in other vital aspects in their country's development strategy.
Micro Economic
Microeconomics refers to more specific economic decisions which are typically undertaken by a household or a company, for example. Imagine the difficulties households face when there are no microeconomic opportunities and no macroeconomic support – that is to say, no employment opportunities available which would allow even just one member of a family to work and earn an income to provide all the vital necessities, and no social welfare system to provide assistance to those unable to find work.
UYDO invests in young entrepreneurs so they’re able to create their own job opportunities and their own income. One loan doesn't necessarily just create one job – some entrepreneurs may take on an extra pair of hands, or even several, something which will create jobs in the wider community. An income allows these young people to improve their lives and purchase those vital necessities for themselves and their family.
As you can see, the funds invested in one young entrepreneur does not only impact the entrepreneur, but often also his or her family, the people who are employed by the business (and their families), their community, the wider economy and society as a whole.
Social
Unemployment or under-employment can lead to social unrest and/or an increased number of illicit activities. Some young people may turn to petty crime or become involved in gangs in order to survive. Other young people may choose to migrate to larger cities in the hope of finding work and having a better life there. Instead, many of these people may only end up in slums or on the street.
There are many potential negative consequences for society as a result of these events. UYDO has a strong belief that young people can improve their own lives and the communities surrounding them. This is done by giving young people the chance to create an income for themselves and take control of their own lives and UYDO believes that the positive impact on society will follow.
Got any questions about any of the information here? Then please contact us. |
Name: Jackline Ambogo Age: 26 Investors: Sheffield University, UCL
Jackline, a mother of two, runs a small shop that sells paint products to garage mechanics and welders. With a loan of £375, she was able to buy enough stock to maintain her customers who buy in bulk as well as renovate her relatively old shop.
Name: Nataline Olang Age: 19 Investors: Sheffield University, Durham University, UCL, UYDO Operations
£400 is giving Nataline the chance to pursue her dreams of opening her own fashion line! With the loan, she’s starting up a boutique in Umoja Market which is renowned for the latest fashion and trends. Who knows, you might just be wearing her designs one day!
Name: Daniel Matheri Age: 27 Investors: Sheffield University, UCL, SOAS
£185 helped Daniel – a finalist in the Youth Business International Entrepreneur of the Year award 2009 – rent a new display shop for his furniture business as well as cover the costs of any necessary renovations. He hopes to create a client base that will lead him to own his own shop and export furniture to the wider market.
See more of our entrepreneurs...
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