Prospects and Challenges of Youth Entrepreneurs: A Study of Slum Women Entrepreneurs of Dhaka City

Abstract

This study explores the prospects and challenges faced by slum-dwelling youth women entrepreneurs in Dhaka City, Bangladesh. Conducted in selected slum areas, the research employed a qualitative approach using case studies as the primary research strategy. The participants comprised 28 youth women entrepreneurs aged between 18 and 35 years, selected through purposive sampling. Data were collected predominant through face to face in-depth interview with semi-structured interview schedule where open-ended questions were included. Data were also collected through case studies and non-participants observation. Data were analyzed using narrative analysis supported by verbatim quotations to gain an in-depth understanding. Findings reveal that most respondents have limited educational attainment, typically ranging from class one to class five. Socio-economically, the majority live in rented accommodations under poor conditions, lacking access to clean water, adequate sanitation, and reliable utilities such as gas and electricity. Their basic needs are only partially met. The study further uncovered that these women generally lack formal business plans, awareness of trade licenses, and knowledge about government credit schemes or entrepreneurial training programs. As a result, they are unaware of existing opportunities for women entrepreneurs in Bangladesh. Moreover, they encounter multifaceted barriers—social, economic, political, and psychological—that significantly hinder their entrepreneurial development. Among the key social challenges identified are unemployment, gender inequality, and poverty. An investigation into available welfare programs revealed widespread dissatisfaction. Most respondents had received little or no support from governmental or non-governmental organizations, with only a few reporting limited and unsatisfactory assistance. Participants emphasized the need for proactive initiatives from families, NGOs, and the government to mitigate the challenges they face and enhance their wellbeing. The study concludes with practical recommendations aimed at addressing these issues and fostering the development of youth women entrepreneurs in the slum areas of Dhaka.