Imarisha Kilifi Entrepreneurship Initiative
Project Snapshot
Ask Amount
KES 1,900,000
Project Stage
concept
Launch Date
Wednesday, January 31st, 2024
Project Manager
Peter Angore
Project Partners Inc
Organizations that could collaborate or contribute to the ImarishaKilifi Entrepreneurship Initiative include: 1.Kilifi County Government (ministry of youth & gender and ministry of c 2.Local business associations or chambers of commerce 3.Financial institutions or banks offering microfinance services like Imarika DT Sacco 4.Non-governmental organizations (NGOs) focusing on youth empowerment or entrepreneurship I.E YMCA 5.Community-based organizations (CBOs) working with young mothers and out-of-school youth 6.Government agencies responsible for youth and women's affairs
Project Summary
The ImarishaKilifi Entrepreneurship Initiative empowers young mothers and out-of-school youth with business skills and seed capital. It seeks to reduce unemployment and poverty by fostering sustainable micro-enterprises.
Intervention Areas
Target Population
Problem Statement
Kilifi County faces high youth unemployment and poverty, disproportionately affecting young mothers. These groups lack the capital, mentorship, and business acumen required to establish sustainable livelihoods.
Proposed Solution
The project provides entrepreneurship training, financial literacy education, and seed capital grants. It pairs participants with mentors to guide them in starting and managing successful businesses.
Expected Impact
Impacts include the establishment of 30 sustainable micro-enterprises, increased household incomes, and job creation. The project fosters economic self-reliance and improves the standard of living for participants.
Sustainability Plan
Sustainability is ensured through the creation of alumni networks for ongoing collaboration. Successful entrepreneurs are integrated into local business associations, and the model is designed for scaling with government partnership.
Budget Breakdown
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