Help At-Risk Youth Create Jobs in Nigeria & India

 
$15,050
$0
Raised
Remaining
Zega Terdoo and the U.S. Team
Zega Terdoo and the U.S. Team

If you're receiving this, thank you! Your investment and kindness has helped us - Generation Enterprise (GEN) - professionalize the organization, continue to invest in youth in low-income megacities in Nigeria and India, and improve our Fellows' businesses and livelihood.

Our model provides marketable skills training and creates jobs for young people living in poverty across megacities. In Nigeria, over 300 youth have benefited from high quality entrepreneurial education program, which is hands-on/applied, generates income that allows low-income to continue their education without dropping out of work, and creates sustainable jobs in urban developing areas. We have tested 60+ businesses, and have a current portfolio of 20+ companies, 10+ of which are growing from micro to small. A great example of our impact is evident with Zega, a young entrepreneur from Lagos that partnered with GEN for business training and support. Zega started a facilities management, fumigation, and professional cleaning company that currently employs seven people. Before GEN, he had been homeless and/or living and working in a construction site earning less than $2 a day. Zega, like so many other entrepreneurs that have partnered with GEN to develop sustainable businesses in their communities, has changed his livelihood forever. 

Like Zega, there are other examples of young entrepreneurs that have gone from poverty to self-sufficiency to community leadership. However, our job is not done. We're excited to announce our new President & COO, Michael Kuntz! Michael will be leading our U.S. team and focusing on strengthening our internal processes while finding ways to continue to invest heavily in our existing programs, and continue to strengthen our internal capacity to manage this growth. Michael's vibrant leadership is opening the doors for new growth possibilities. 

On March 2nd, a group of seventeen young entrepreneurs graduated from our pilot program in New Delhi, India. We're excited to continue to see their personal and professional developments as they grow their businesses to employ fellow youth in their communities and increase the much needed skills and wealth gap. Most of all, we're excited to see their businesses succeed! The Indian entrepreneurs' stories are encouraging. Kapil, who runs a successful food stall, said: "my belief in myself has increased, and I realize that being confident is the biggest force against most challenges." Thanks go GEN, Kapil has gained the confidence to start his own business and become a role model to his peers.

Thanks againfor your support! We have raised over $15,000 (including matchings) for Generation Enterprise, which will be used to invest in our program and young entrepreneurs benefiting from it. Our organization is proud of our accomplishments so far in 2014 and optimistic for the remainder of the year. We are committed to investing in this generation's youth at the Bottom of the Pyramid. We've been called a "ticking time bomb." But there's another way to look at us. We're not a "lost generation." We are GENERATION ENTERPRISE. 

Generation Enterprise
Generation Enterprise's Delhi Graduation March '14

Links:

Timilehin
Timilehin's World of Entertainment

Generation Enterprise (GEN) has had great success in the past few months, and this is undoubtedly thanks to you!! Our model provides marketable skills training and creates jobs for young people living in poverty across megacities. In Nigeria, over 300 youth have benefited from high quality entrepreneurial education program, which is hands-on/applied, generates income that allows low-income to continue their education without dropping out of work, and creates sustainable jobs in slums. We have tested 60 businesses, and have a current portfolio of 20 companies, 10 of which are growing from micro to small. A great example of our impact is Timilehin's World of Entertainment. Timi, a young entrepreneur trained and invested by GEN, provides movies and music, as well as home delivery service via SMS, in his two entertainment kiosks. Timi has employed four people, while increasing his weekly income by 15x, and enjoying savings of $256.25 since GEN. 

Like Timi, there are other examples of young entrepreneurs that have gone from poverty to self-sufficiency to community leadership. However, our job is not done. We will continue to invest heavily in our existing programs, and continue to strengthen our internal capacity to manage this growth. In Delhi, our first class of entrepreneurs will graduate on Sunday, March 2nd, 2014, and we're looking forward to learn about their impact in their communities. In January 2014, a group of MBA students from Wharton's Social Impact Initiative started undertaking a feasibility study to bring Generation Enterprise to West Philadelphia. In early February 2014, our US and Nigerian team continued the partnership with the Lagos State Government and the RCCG and graduated 11 entrepreneurs leading 10 businesses from Lagos Province 24, providing them a loan of 100,00 Naira ($625) to grow their businesses. 

Thank you so much for your support. We Have raised over $15,000 (including matchings) for Generation Enterprise, which will be used to invest in our program and young entrepreneurs benefiting from it. Our organization is optimistic about 2014 and the endless possibilities it presents. We are committed to investing in this generation's youth at the Bottom of the Pyramid. We've been called a "ticking time bomb." But there's another way to look at us. We're not a "lost generation." We are GENERATION ENTERPRISE. 

Investing in Omozuapo Cement
Investing in Omozuapo Cement
Training our coaches/advisors to support our youth
Training our coaches/advisors to support our youth

Links:

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Funded

Combined with other sources of funding, this project raised enough money to fund the outlined activities and is no longer accepting donations.

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Project Leader

Allie Stein

Philadelphia, PA United States

Where is this project located?