With high unemployment rates and low foreign trade, people in Africa are heavily reliant on micro-businesses. COVID has made this worse. Thus, without credit becomes impossible to get a loan to get your business off the ground. Through our up-skilling projects across Africa we identify key potential successful business people and provide the support network through mentoring and funding to setup their own business.
High unemployment rates and sanctions for foreign manufacturing means that there are limited opportunities to earn an income. Without financial security, getting access to the initial loans to start a business is difficult, if not possible. With only a small number of people having credit to start an enterprise, the opportunities to be self-sufficient makes access to break the cycle of poverty unequal and income inequality continues to rise.
Together with local NGOs and institutions, we identify entrepreneurs with a solid and sustainable business idea. After a selection process, each entrepreneur will get the capacity building required to be given the best opportunity for success. Once trained, they will be assisted with the initial products to be able to earn the money to continue the operations independently. Instead of a high-interest rate, the entrepreneur gets to do a donation to a future entrepreneur!
By giving people access to starting capital, communities will quickly become self-sufficient. This will not only ensure that they will not on foreign support but further have the funds to put their children through school, get access to healthcare services and participate in the greater economy. Our first support was to 2 local men living in a township that have now opened a restaurant, own 3 food trucks and employ 32 local community members that was all previously unemployed.