Social Entrepreneurship and Its Impact on Poverty Alleviation: A Study of Community Businesses in Nasarawa State
- Project Research
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Background of the Study
Social entrepreneurship, a business model focused on addressing societal challenges through innovative and sustainable solutions, has gained prominence as a tool for poverty alleviation. Unlike traditional businesses, social enterprises prioritize social impact over profit maximization, aiming to improve living standards and create opportunities for marginalized communities (Adewale & Musa, 2024).
In Nasarawa State, community businesses that adopt social entrepreneurship models contribute significantly to poverty alleviation by providing employment, skill development, and affordable services. Despite these contributions, the understanding of social entrepreneurship's role in reducing poverty remains limited, particularly in rural areas where economic opportunities are scarce (Okonkwo & Hassan, 2023).
This study aims to explore the impact of social entrepreneurship on poverty alleviation in Nasarawa State, focusing on how community businesses address economic challenges and empower local populations.
Statement of the Problem
Poverty remains a critical issue in Nasarawa State, with many communities struggling to access basic necessities and economic opportunities. While social entrepreneurship holds potential as a solution, many community businesses face challenges such as inadequate funding, limited resources, and lack of awareness about effective practices (Bello & Yakubu, 2025).
Despite the increasing presence of community businesses, there is a lack of empirical data on how their social entrepreneurship initiatives directly impact poverty levels. This study seeks to address this gap by examining the role of social entrepreneurship in poverty alleviation.
Objectives of the Study
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To assess the contributions of social entrepreneurship to poverty alleviation in Nasarawa State.
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To identify the challenges faced by community businesses in implementing social entrepreneurship initiatives.
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To propose strategies for enhancing the effectiveness of social entrepreneurship in addressing poverty.
Research Questions
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How does social entrepreneurship contribute to poverty alleviation in Nasarawa State?
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What challenges do community businesses face in implementing social entrepreneurship initiatives?
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What strategies can improve the impact of social entrepreneurship on poverty alleviation?
Research Hypotheses
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Social entrepreneurship significantly reduces poverty in communities.
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Funding limitations hinder the effectiveness of social entrepreneurship initiatives.
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Capacity-building programs enhance the impact of social entrepreneurship on poverty alleviation.
Scope and Limitations of the Study
This study focuses on community businesses in Nasarawa State and their social entrepreneurship activities aimed at alleviating poverty. Limitations include the diversity of community businesses and the difficulty of measuring long-term impacts.
Definitions of Terms
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Social Entrepreneurship: A business approach that addresses social problems through innovative and sustainable solutions.
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Poverty Alleviation: Efforts to reduce the level of poverty in a community by improving living standards and access to opportunities.
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Community Businesses: Enterprises that operate with the primary goal of benefiting local communities.
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