This project helps unemployed youth, women and single mothers to start their own profitable enterprise.
It provides capital for entrepreneurship through a project called Gbawe Entrepreneurs Network (GEN).
GEN helps unemployed youth and women create capital through a community network. It provides financial knowledge, and helps build capacity for innovative initiatives. The goal of the first year is to support 15 people in the network through in-kind products worth $500 each.
Children and youth are often forced to drop out from schools and academic programs due to their family’s financial situations. In many cases, children have to leave school because single mothers can’t afford to take care of them. This has given rise to antisocial behavior and increasing mental health problems among young people.
Youth in Gbawe believe they do not have any future opportunities in the region.
GEN helps empower and support local youth and single mothers, allowing more kids to stay at school.
This is how GEN works:
-GEN provides a membership network for people wishing to start an enterprise.
-Members receiving training in adult literacy and basic business mathematics, so those who couldn’t read or write will be able to manage their business.
-Members pay a small subscription fee in instalments, which creates a group fund.
-Using the funds generated by members, GEN provides capital through an in-kind loan, such as funds for the purchase of an oven.
-In this way, members help each other, and get a solid return on investment. The fund is distributed to members who complete the training.
-GEN helps members open bank and manage their business transactions.
-The funds are managed through PAAJAF’s bank account and bank receipts are submitted to the PAAJAF office for accounting records.
|Capital for 15 Network members||£7,500|
GEN members learn about debt, financial obligation, and financial planning.
GEN members have capital to establish profitable enterprises that can provide income to themselves and other locals.
In the longer term, entrepreneurs who benefit from GEN’s training will boost the local economy, and will be better able to provide for their families. It’s yet another way we help eradicate poverty through empowerment and capacity building.
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