Here is a quarterly report presented by The Sam Onyemaechi Humanitarian Foundation (SOHF) and Samony Entrepreneurial Ventures LTD (Samony Foods) through SOHF's IMPACT NEXUS.
The Sam Onyemaechi Humanitarian Foundation, in collaboration with Samony Entrepreneurial Ventures LTD, is delighted to present a comprehensive quarterly report on our transformative initiative, "Train 150 Youths in Vocational Skills in Nigeria (54332)." This endeavor, fueled by SOHF's IMPACT NEXUS, is dedicated to equipping young minds with valuable vocational skills, empowering them for a brighter future.
Thanks to the unwavering support of our donors and partners, we are thrilled to report significant successes in the first quarter. We successfully secured funds for this project through GlobalGiving and the social enterprise arm, Samony Entrepreneurial Ventures LTD (Samony Foods). These funds have enabled us to commence vocational training programs, providing opportunities for 150 youths to acquire skills that will enhance their employability and entrepreneurial capabilities.
2024 Project Goals:
Looking ahead to 2024, our ambitious goal is to not only sustain but expand the impact of our vocational training initiative. We aim to train a larger cohort of 300 youths, fostering economic empowerment and contributing to the development of skilled and self-reliant individuals who can positively impact their communities.
Challenges and Strategic Approach:
While celebrating our successes, we acknowledge the challenges faced, including logistical complexities and the need for tailored training resources. To address these challenges, we are refining our training curriculum, strengthening partnerships, and exploring innovative approaches to enhance the overall effectiveness of our vocational programs.
Funds for the "Train 150 Youths in Vocational Skills" project were sourced through a combination of donations from GlobalGiving, Samony Entrepreneurial Ventures LTD (Samony Foods), and other generous contributors. Diversifying our funding streams ensures financial resilience and sustained impact.
Transparent financial management has been a priority. Funds received have been strategically allocated to cover training materials, instructor fees, infrastructure, and participant support services. This ensures that every aspect of the program contributes to the holistic development of the youths involved.
Disbursement from GlobalGiving =$14
Social Enterprise, Samony Entrepreneurial Ventures LTD = $235.50
Participant support services=$65.50
Total Expenses =$241.05
Need for Social Enterprise Expansion:
Recognizing the need for long-term sustainability, there is a pressing imperative to expand our social enterprise, Samony Entrepreneurial Ventures LTD. This expansion will not only contribute to funding vocational training programs but also create a robust ecosystem that supports skill development, employment, and entrepreneurship on a broader scale.
Appreciation and Call to Action:
We extend our deepest gratitude to our donors and supporters whose belief in our vision has fueled the success of this initiative. Your contributions are catalysts for positive change, transforming the lives of youths and uplifting communities.
As we continue this journey, we invite ongoing collaboration and support from existing and potential partners. Together, we can amplify the impact of vocational training, paving the way for a more skilled and prosperous future.
A sincere thank you to our donors, supporters, and partners. Your commitment to our mission is the driving force behind the accomplishments we celebrate today. We look forward to your continued support in the upcoming quarters.
In conclusion, the "Train 150 Youths in Vocational Skills in Nigeria" project is a testament to our dedication to empowering the next generation. Your continued partnership ensures that we can shape a future where youths are equipped with the skills and knowledge needed for success.
Thank you for being champions of positive change and partners in our mission to build a skilled and resilient community.
Sam Onyemaechi Humanitarian Foundation