Global Philanthropy Alliance (GPA) provided a $5000 grant to the Centre For Family Health Initiaive to sponsor a Micro-Credit Social Entrepreneurship Program (MICSEP) in July, 2015. The center worked with local organizations to identify 44 youth to participate in entrepreneurship training. 26 youth were chosen to receive $125 in loans to begin operations in baking, grinding foodstuffs and selling popcorn. As a condition of funding, all youth worked with mentors and had guarantors for repayment of funds. By August, 2016 25 youth had started viable businesses that supported their families basic needs and most had expanded operations to other, related ventures. 81% of all funds have been repaid and the program will use these funds to support another cohort of youth in 2017.
Share this:
- Click to share on Twitter (Opens in new window)
- Click to share on Facebook (Opens in new window)
- Click to share on Telegram (Opens in new window)
- Click to share on WhatsApp (Opens in new window)
- Click to share on Pinterest (Opens in new window)
- Click to share on LinkedIn (Opens in new window)
- Click to email a link to a friend (Opens in new window)