Financial services industry can do a big business in developing countries

It is being said that a country that has nothing in it, it has opportunities, yes, the saying is absolutely true, since such a country which is far behind economically, lack capital, with poor infrastructure and technical facilities, such destination is a big business market. It is full of opportunities to do lots of things there. Since such country has nothing that’s why it has ‘demand’ of what it doesn’t have, it has potential labor to be trained.

Often it happen that financial services industry and other big investors are hesitant to give their capital in such markets out of fear of failure. It is observed such countries are a lucrative market for the agricultural sectors, but lack of organization and knowledge in local farmers, poor transportation system and sometimes unfavorable weather conditions are some of the challenges that make accounting services industry and investing companies face that result in increased gap between supplier and buyer that make them reluctant to invest and find new potential markets in such developing countries.

The need in fact is to bring together and keep discipline in all the activities throughout the process and to keep the market active. The good thing is that there are some organizations and business corporations in the financial services industry that act as a catalyst to the process and fill the gaps where necessary in the process. They offer extensive knowledge, training, incentives, loans and of course capital to stimulate the market and help investors in finding new sources of supply. The also act as a bridge builder and fill the communication gaps between the stake holders and other participants of the process that include financial institutions like banks, investors, manufacturers, suppliers, distributors and end users to keep the business process under control and keep the market in motion.

Such efforts and enterprises not only help in reduction the risk of failure of investment in developing countries but also help such developing countries to get out of the poverty. The endeavors also produce profits worth the investment for all the players of the game and encourage other multinational and other larger companies to try their luck in such developing markets.

In this concern multiple businesses set up joint ventures that also worked well in such developing countries. Such various business partnerships got together in some African countries like Uganda and Kenya. The partnership aimed to bring better markets for mango and other fruits farmers and to increase incomes for more than 50,000 local farmers. Through the partnership, they are training the farmers to improve their yields quality and quantity.