https://globalphilanthropyalliance.org/wp-content/uploads/CFHI_Oji.png 226 271 Tim Brostrom http://globalphilanthropyalliance.org/wp-content/uploads/GPA_Logo_340px_white-300x138.png Tim Brostrom2017-03-05 18:38:102017-05-01 20:50:00Centre for Family Health Initiative: Youth received training and microloans to develop business ventures
Centre for Family Health Initiative: Youth received training and microloans to develop business ventures
Nigeria – GPA provided a $5000 grant to the Centre For Family Health Initive MICSEP program 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.