Trickle Up will help 500 low-income entrepreneurs in Arkansas, Louisiana and Mississippi. Business training and conditional seed capital will help them start or expand a small business.
What is the issue, problem, or challenge?
As people affected by Hurricane Katrina search for ways to rebuild their lives, it is crucial that those with nothing--no collateral, no records and even no address--are given the chance to begin again. Many have expressed their desire to start up a business of their own. But jobs are not always easy to come by in the areas of the Delta, already poor and with high unemployment, where Trickle Up is active. 500 low-income people will be given training and seed capital.
How will this project solve this problem?
Trickle Up has 10 partners in the region, with dozens of professional business trainers ready to provide support through the Trickle Up business plan. Also, will provide training and conditional $700 business grants.
Potential Long Term Impact
Entrepreneurs will grow their businesses, reduce their dependence on public assistance and increase their family income. Small local businesses will revitalize poor neighborhoods and provide vital local services.
Total Funding Received to Date: $15,404
This project is now in implementation and no longer available for funding. Received funds will be used to accomplish concrete objectives as indicated in the project's "Activities" section. Updates will be posted under the "Project Report" tab as they become available.
Donors' contributions and pledges to this project totaled $15,404 . The original project funding goal was $700,000.