TOTALLY YOUTH FACES ITS BIGGEST CHALLENGE yet – US$25 Million Worth!
For the years past, we have helped several start-ups to stand on their own two feet including Fashion Designers, Estate Managers, Beauty Specialists, Radio Show Producers and Presenters, Television Show Producers, Authors and Event Managers. This required a lot of investment in trust, commitment, innovation, creativity, discipline, time and funds and we managed to pull through with the support of our valuable donors.
This year, a group of four final-year students of tertiary institutions joined our Incubation Programme as budding entrepreneurs. They have now come up with an innovative modern transport business which will be the first-ever on the continent when implemented. It is also the most expensive project that Totally Youth had helped develop. The structure of this enterprise is based on the Totally Youth one-stop shop concept and will have a multifaceted pool of personnel.
The project can be implemented in one year, employ 2,845 young people over a five year period and will cost US$25,000,000.00. To qualify for a bank loan, the project is required to make a down payment of US$8,400,000.00. The business plan is ready with the requisite financial information. Based on the projections, the loan can be repaid fully with its interest within one year of operations, given the travel patterns of the routes identified. Locations, personnel, service providers and bankers have been identified and approached for requisite information and conditions.
We are now working on the financing of the down payment. Consequently, we are appealing to our valuable donors, friends, family and all benevolent friends of the youth, to help us employ 2,845 unemployed young people by helping the four young people raise the US$8,400,000.00 down payment to start their first business. Together we will also make history. Donations can be made through the "Other Amount" option on www.globalgiving.org/projects/totallyyouth. THANK YOU.
CATCHING THEM YOUNG
This third quarter we were joined by six SHS graduates. As part of our “catching them young” projects, they went through our Stepping Stones to Successful Graduation – a brand new seminar for SHS graduates and final-year students who are preparing to go to tertiary institutions. The seminar helps them towards self-motivation, application of ICT as a learning tool, ICT as a career or business choice and preparation for the world of career and business. The participants were also trained in MS Word for CV and application development and general document preparation; MS PowerPoint as a presentation tool; website development for learning, information sharing and self promotion; and Internet essentials.
We were also able to enroll four of them with a bank for possible employment if they are accepted as night students in the tertiary institutions they have applied to. All of them will have to complete 4 years of tertiary education to obtain their bachelor degrees. We are happy to announce that the two needy participants in the group obtained very high grades: one got six “A”s and two “B”s, while the other got four “A”s and four “B”s. We are appealing to all well wishers to support these two needy participants to towards their first year fees which is estimated at US$1,500.00 each. Savings from their day jobs will support them for the remaining three years. THANK YOU.
Two participants on our Internship programme have obtained jobs in local government and in construction and one incubator has set up her own beauty salon. We wish Tina, Emma and Mami good luck in their world of work and business. We were able to support Tina in applying for a Ghana Women Leadership programme and she has been accepted. We also participated in the first-ever Graduate Empowerment Cocktail, where we delivered a motivational speech and mentored graduates from the Greater Accra Region, who completed their National Service this year.
One caterer and one beautician joined our Incubation programme this month. We are also in the process of placing 10 SHS graduates on request from a company. Unfortunately, we are still turning away several needy participants because of our limited resources. This year 83,000 graduates have completed their national service and are now in the pool of unemployed graduates which is over 200,000 strong now. Our wish is to be able to assist a minimum of 1,000 unemployed youth, annually. Our current drive is to help 20 incubators: four caterers, four beauticians, four fashion designers, four ICT specialists and four ad hoc businesses a year, so they can in turn employ more unemployed graduates. Please help us meet these minimum targets. THANK YOU.
WE ARE VERY GRATEFUL TO YOU OUR DONORS AND WE SINCERELY THANK YOU.
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