Small businesses and entrepreneurs are the backbone of any economy, providing the jobs and innovation necessary for sustained growth. Located in the barren plains between China and Russia, 75% of its citizens are subsistence farmers who live on less than $2 a day. To help promote growth and create opportunities for Mongolians, UNDP is starting up a program to support entrepreneurs in Mongolia.
Operation Enterprise Mongolia promotes business growth in three ways. First is to give access to knowledge and skills for being a successful enterprise giving more small businesses the ability to grow and employ more people. The second way UNDP is assisting micro economic growth is by increasing access to financial information and making business transactions more transparent. The last part is to promote business growth is to create a level playing field for businesses to compete at. This project gives locals the ability to empower themselves and the help the community by giving people jobs.
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