Entrepreneurial Process and Financial Well-Being Generated by a Colombian Association of Vulnerable Individuals

Abstract

Entrepreneurship is considered relevant in the economic growth of nations because of its impact in the creation of new jobs and innovations in the social and economic fields. Thus, governments and academia worldwide have shown interest on how to leverage on entrepreneurship in order to develop strategies that improve the quality of life of individuals. Entrepreneurship as a development strategy is extensive; it goes from the creation of new enterprises born as a result of a high market potential to those that arise as the only income-generating alternative. This chapter addresses the study of the entrepreneurial process in organizations created by associations of vulnerable individuals engendered by the income generation need, and using as reference the case of AGROSEC, located in Colombia. Data were collected from primary and secondary sources. Five interviews were completed using pre-established protocols that were applied to 3 members of the association.