Project will provide training and financial booster-shot to small businesses, enabling them to start, expand and become self-sufficient. This assistance will help them to break the cycle of poverty. The beneficiaries receive education / training in business management that helps them succeed in their small businesses. Individuals and businesses become self-sufficient and this boosts economic development. Priority is given to women.
According to the United Nations 2007-2008 Human Development report, Sierra Leone ranks as # 177 (last place) in Human Development Index. The UN estimates unemployment to be about 65 percent in Sierra Leone. Tens of thousands of youths and adults struggle to find a meaningful existence and are living below the poverty line. They are exposed to the temptations of resorting to a lifestyle of vices and destructive occupations. They desperately need help and a viable path to self-sufficiency.
Selected participants will be provided with foundational training in business management / entrepreneurship and business capital. This capital will enable them to start or expand their businesses, become self-reliant and also employ others.
Project will enable individuals and small businesses to move from making barely enough to meet their basic needs (living from hand to mouth) to a point where they will expand providing employment and contributing to national development.
Total Funding Received to Date: $6,650
Remaining Goal to be Funded: $5,850
Total Funding Goal: $12,500
This project has provided additional documentation in a Microsoft Excel file (projdoc.xls).