This project empowers individuals in Africa who are interested in developing their own small businesses. It helps them break the cycle of poverty and boosts economic development through 2 key areas: business management training and microfinance financial assistance. This support helps them effectively start and grow their small businesses. Priority is given to young adults and women. Small businesses are the life-blood of African economies and this is a great way to bring change.
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 need opportunity and a viable path to self-sufficiency. According to World Bank, three out of four Sub Saharan Africans are self-employed. Unfortunately, there simply aren't enough jobs available for everyone.
This project provides foundational training in entrepreneurship and business capital to participants. This helps them to start or expand their businesses, become self-reliant and also employ others. Young people can venture into several initiatives such as tailoring, retail, catering, gardening, food cafe's, soap making etc. Income from these businesses ranges from supplementary income to instances where this is the sole income for families.
Individuals and small businesses are able to move from living in deprivation to barely making enough to meeting their basic needs (living from hand to mouth) to a point where they will become self-sufficient, provide employment, and contribute to national development. As more people are able to create employment for themselves and their family, there will be a drop in the overall poverty. This will result in a stronger and more self-sufficient and stable society.