STOP YOUTH POVERTY supports unemployed entrepreneurs to create jobs for themselves and for other unemployed youth. It has supported fashion, beauty, catering, event management, radio/TV production, estate management and farm start-ups involving 55 unemployed youth. We incubate them with seed money, ICT tools, shared Office/Knowledge/Event Spaces and fully equipped ICT/Beauty/Fashion/Catering Centres, to help them generate some income. They get full coaching in business development and management
What is the issue, problem, or challenge?
Youth unemployment is increasing poverty, depression, homelessness, drug/alcohol abuse, fraud, crime and social unrest among the youth. Over 250,000 unemployed youth are produced annually into a stagnant job market. Youth wanting to start businesses have limited business skills. Those with skills have no access to financial support because they lack collateral and parents cannot help them due to limited resources. This vicious cycle of youth poverty fuels national and global crisis [idle hands].
How will this project solve this problem?
STOP YOUTH POVERTY makes the youth the THIRD PILLAR for JOB CREATION after government and the private sector. It supports the youth to create jobs for other unemployed youth. It facilitates partnership and patronage among start-ups to facilitate steady income generation. It provides free access to computers, Internet; office space/tools, business Centres; consumables; capacity building, coaching/counseling. Participants therefore focus on business success instead of overheads and the next meal.
Potential Long Term Impact
Continuously increase number of jobs available to unemployed youth due to youth start-ups creating new jobs. Engender policies that will support youth start-ups and change tertiary and vocational institutions syllabi. Increase confidence of government and financial entities to support youth start-ups due to proven success. Rapidly reduce youth unemployment and poverty and impact over 5,000 youth a year. With sustained funding and expansion it can impact 50,000 youth a year via ripple effect
Total Funding Received to Date: $470
Remaining Goal to be Funded: $51,330
Total Funding Goal: $51,800