The NCRME is a not-for profit organisation based across Australia with a focus on creating policies to increase migrant and refugee entrepreneurship. Entrepreneurship is a crucial aspect in the Australian economy and offers, migrants, refugees and locals employment opportunities to be self-sufficient in earning a living. There are many barriers that migrants and refugee entrepreneurs must face, and challenges that could become problems to business success. There are many certificates and licenses required for small business owners and limited access from start-up capital required from financial institutions.
Other challenges include a lack of formal education, social capital and language barriers, beneficial relationships through building up trust with the local community may help in a successful business. Some immigrant and refugee entrepreneurs have inadequate knowledge in relation to local markets and regulations and need training to understand the regulations needed.
One study of the Hazara refugees in Adelaide has faced similar challenges started their businesses from savings and partnerships with friends. However, migrant and refugee entrepreneurs cannot rely on families or communities to establish and run a business successfully. The NCRME recognises a need for a different social enterprise hub is needed to assist migrant and refugee entrepreneurs.
The NCRME programs create a fair social enterprise system for everyone. The aim is to provide the group with the resources, financials assistance and teach entrepreneurial skills, with readily available resources to assist set up a new business enterprise with ease. Disadvantaged migrants and refugee can be assisted with loans at zero interest rates and is crucial to encourage creativity and innovation. With help through NCRME entrepreneurial ventures, many migrants and refugees can gain an adequate income to support their families and reduce poverty levels.
Rate us and Write a Review
