The International Youth Foundation (IYF) invests in the extraordinary potential of young people.
Through the Young Entrepreneurs program, IYF equips youth entrepreneurs in Delhi and Mumbai with skills, guidance and support, and access to finance to allow them to successfully start or expand their own small businesses.
To date, the Young Entrepreneurs program has provided 1,000 youth entrepreneurs with:
Donor support through GlobalGiving has been critical to linking the 1,000 participating youth to skills training, group mentoring and field visits to local businesses in the areas of banking, fashion design, food production, business management and small business development.
The program will continue to guide and support these youth as they start and expand their businesses and hire a targeted 1,900 youth from their communities, thus expanding the program’s reach and impact. To date over 900 youth have already received employment.
On behalf of IYF, thank you for your gifts to support the Young Entrepreneurs program. It is through the generosity of donors such as you that IYF is able to further our mission of preparing young people to be healthy, productive and engaged citizens. We will continue to work hard to reach more youth with true impact and measurable results. Thank you again for your generosity.
The Young Entrepreneurs program provides comprehensive training and support to aspiring youth entrepreneurs in Delhi and Mumbai. Since the last report the program has focused its efforts on linking the over 1,000 participating youth to skills training, group mentoring, and field visits to local businesses.
The program has linked 450 youth with adult business mentors from diverse sectors and sets of expertise, including banking, fashion design, food production, business management and small business development. The mentors are paired with youth for a minimum of two months and many continue to meet longer. Additionally, 235 youth have participated in field visits to local businesses, including tailoring shops, boutique clothing stores, and cloth manufacturing and export businesses. The visits have allowed youth to gain hands-on knowledge of running a business and to ask the business owners questions.
Below is a short story of Natasha, who has started a small printing business in Delhi.
Living with her two younger siblings and parents, Natasha is an independent, creative, and driven young woman. Her parents, especially her mother, have been strong motivators and have taught her the importance of education and financial independence.
Natasha currently works for a small textile printing business and has been given many responsibilities, including producing the ink, creating the designs, and overseeing a small staff. Natasha’s creativity allows her to take fabric that has been misprinted by her staff to create a new and innovative design so that the fabric can still be sold.
As much as she enjoys her job, Natasha’s passion is to have her own textile printing business. So, she started a t-shirt printing business with a friend. With her knowledge of the field gained through work experience and the completion of several printing courses, Natasha thought her business would be a success. She was able to build a customer base, however, she quickly realized she lacked the business acumen and capital needed to make her dream a true reality. She also faced other challenges such as managing her time and customer expectations.
When Natasha heard about the Young Entrepreneurs program she quickly registered. Through the program’s comprehensive business and life skills training, Natasha has gained valuable and relevant business skills, including conducting market research, budgeting, and creating a business plan, as well as life skills such as goal setting, making a positive first impression, and dealing with customers.
Now that she has completed the training, Natasha has a new outlook for her future. She is confident that her business will be successful. She will soon apply for a micro-loan from the Young Entrepreneurs program which will enable her to purchase supplies and materials that, along with her newly gained knowledge and skills, will help her take her business to the next level.
The Young Entrepreneurs program equips youth in Delhi and Mumbai with skills, guidance and support, and access to finance to allow them to successfully start or expand their own small businesses. Since the April progress report we have done another round of trainings in both Delhi and Mumbai, and the total number of youth reached has increased to 1020.
Manish is one of these young entrepreneurs.
Twenty-four-year old print shop owner Manish was facing many challenges in sustaining his banner making business in Hauzkhas, Delhi. New clients were hard to find and current print orders were dwindling. On top of this, Manish was having difficulty managing his staff, which was forcing him to do much more work to keep the business running. He needed to get his business back on track, but didn’t know where to turn.
Then, last year, he heard about the Young Entrepreneurs program and quickly applied. The training program, he discovered, was a perfect fit for him. Manish was able to gain the skills and knowledge he needed to successfully operate a business, and he soaked up every piece of advice he could. He was particularly interested in the lessons on resource management, marketing, and working with and managing others.
Manish also received further support from the program, including one-on-one mentoring and a loan of Rs. 15,000 from the program’s micro-loan fund. His mentor reinforced what Manish learned in the classroom and helped him to prepare a business plan. The loan allowed Manish to purchase new equipment to make his business more competitive.
Young Entrepreneurs has changed Manish’s outlook on the future. With new equipment and marketing ideas, this emerging entrepreneur has been able to increase orders and secure new clients, especially school and event management firms. He is now confident and excited about his business. After conducting market research, he is looking to change business locations to be more competitive. He is now better able to manage his staff and can re-focus his attention on building and growing his business.
Manish has become an inspiration for other youth in his neighbourhood, and he wants to give back to Young Entrepreneurs to help them. He has become a peer mentor for the program and enjoys working with other young people to help them start and grow their own businesses.
From almost shutting down to now growing and expanding, Manish’s business has completely turned around and gotten back on track. So has his vision for the future.
The Young Entrepreneurs program equips youth entrepreneurs in Delhi and Mumbai with skills, guidance and support, and access to finance to allow them to successfully start or expand their own small businesses. The program provides these youth entrepreneurs with:
Sandeep is one of these young entrepreneurs.
Sandeep always knew that starting his own business would be the key not only to secure his own financial independence, but also to support his parents and two younger sisters. But at age 26, his part-time job as a waiter in Delhi only earned him 3,000 rupees a month (US$49), which was barely enough to cover his commute and food expenses. Sandeep remained optimistic, knowing better opportunities lay ahead, but he also recognized there were many obstacles in his path before he could realize his dream of becoming a business owner.
First of all, Sandeep didn’t have the knowledge or the skills to start a business. He also lacked mentors in his life who could share their entrepreneurial experience and guide him through the process. And on a very practical level, he didn’t have any idea of what his business would be—nor did he have the money to start it. That is, until he found Young Entrepreneurs (YE).
Through the program’s comprehensive entrepreneurship training, Sandeep gained a range of fundamental business, financial, and life skills. He was also paired with a professional from the food and beverage industry who worked with him one-on-one to reinforce his skills and provide guidance. After working with his trainer and mentor to generate business ideas and conduct market research, Sandeep ultimately decided to start a home-based sweet making business. Through YE, he created a business plan and successfully secured a micro loan to start operations.
As a result of ongoing support and his industrious nature, Sandeep’s business is not only growing—it’s thriving. His new monthly income of 15,000 rupees (US$245) —five times what he was making previously— has allowed him to open his own stall and hire three employees. Nearby offices and schools purchase his sweets to cater their events. Sandeep’s fast delivery service gives him a competitive edge over similar local businesses that are unable to fill orders as quickly. His success has allowed him to pay back his loan on time, and he has already started planning for future expansion.
“Thanks to Young Entrepreneurs for changing my life,” Sandeep says. “I feel proud that I am able to take care of my parents and my family, and I will encourage other youth in my network to be part of this program.”
The Young Entrepreneurs initiative in India provides comprehensive training and support to aspiring and fledgling youth entrepreneurs in Delhi and Mumbai. Since the last report the program has focused its efforts on linking the 720 participating youth to group mentoring and facilitating visits to established local businesses.
The program has linked 304 youth with 42 adult business mentors. The volunteer mentors are professionals from diverse sectors and had diverse sets of expertise, including banking, fashion design, food production, business management, and small business development. The mentors are paired with youth for a minimum of two months, and several continue to meet longer. Additionally, 178 youth have participated in field visits to various businesses, including tailoring shops, boutique clothing stores, and cloth manufacturing and export businesses. The visits allowed youth to gain hands-on knowledge of running a business and to ask the business owners specific questions. If you have not seen it yet, check out Maya’s inspiring story, which was portrayed in this video. She is just one out of 720 young men and women in Delhi and Mumbai to benefit from YE since its inception in 2012.
Below is a short story of Anamika, who runs a small photography business in Delhi.
For 25-year-old Anamika, life is all about colors. That passion would soon help her realize her dreams, but not before she had to struggle to make her own way in the world. Anamika, who comes from a lower middle class family, is now living in Delhi with her parents and two brothers. While she did not excel in school, she had always wanted to do something on her own. Even after completing her studies in computers, she was discouraged from considering a career because she was a girl. Two years ago, her parents were on the verge of arranging her marriage, yet somehow she convinced them to give her one year to see if she could stand on her own feet and live an independent life.
Anamika first learned about photography from a friend who works in an advertisement production studio. But it was not enough for her to earn enough income to support her family. She decided to start a photography business -- working from her home. She had always wanted to own a photo studio and work as a professional photographer. But life continued to be challenging, and her family warned her that she should close her business and prepare for marriage. “My family wanted me to marry early as they believed that as a girl I would become a burden for them if I stayed any longer in the house,” she said.
Anamika came to the Young Entrepreneurs program determined to open her own photo studio. So she shared her business ideas with the team and since then there has been no turning back in her career.
Anamika successfully completed the entrepreneurship course while continuing to run her business. She also conducted market research which helped her target her customers. As a result, she was able to select an ideal location for her new enterprise.
Working with Young Entrepreneurs, Anamika gained the mentoring support she needed to prepare a business plan, which she completed in two weeks. She then applied for a loan, and with that first loan she was able to rent a shop for her photo studio. Contributions from her friends helped her purchase studio equipment. With her new found experience and remarkable dedication, she has now, finally, become a professional photographer, taking photo orders for marriages and other family functions. Her sincerity and punctuality has helped build her business, which earns her a decent income and realizes her dream of being on her own.
While sitting with her mother, she remembers how difficult life was two years ago. Her parents are proud of their daughter, and now encourage her to go farther and live her life as she wishes. ”I would like to thank Young Entrepreneurs for making me a professional entrepreneur. I would suggest that every aspiring girl in this society try to live up to her dreams and enjoy the color of life.”
For more information on IYF's programming, please visit www.iyfnet.org. Also, please subscribe to the IYF newsletter, like us on Facebook, and follow us on Twitter (@iyftweets) to stay updated on the latest IYF happenings.
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