Mentoring women entrepreneurs' project will provide and enhance income opportunities to 300 underprivileged single parent women from the Southeastern part of Nigeria. The project will provide them: ENTREPRENEURIAL EDUCATION, 300 DOLLARS IN SEED MONEY, MENTORING ON THEIR MICROBUSINESSES and 9 MONTHS OF FOOD SUPPLIES. The food supplies will relieve the women and their children of the humanitarian crisis caused by the pandemic. Empowerment and increased self esteem are other benefits.
Owners of small and medium enterprises (SMEs) in Southeast of Nigeria are faced with limited financing options that are necessary for them to grow their businesses. Specifically, traditional micro-lending institutions typically target individuals and offer high-interest loans while commercial banks are hesitant to issue loans without collateral. In short, SME owners are caught in the middle: too large for micro-lending platforms, and too small for commercial banks.
Sam Onyemaechi Humanitarian takes a holistic approach to empowering entrepreneurs by combining affordable loans with mentorship from young professionals around the globe. Entrepreneurs are trained in topics such as finance, marketing, and business development, which helps them to sustainably grow their business. Each dollar donated is equivalent to ~$10 in loans - as entrepreneurs repay , we extend new loans to other high-potential business owners to create a multiplier effect.
These loans will help entrepreneurs sustainably grow their businesses, create jobs, and generate wealth for their communities to become self-sufficient. By supporting local entrepreneurs, you help communities reduce their dependency on foreign support. Your donation to the business loans help families to put their children through school and support their livelihoods. Let's give a hand to young entrepreneurs in low-income countries. Together we can make a difference.
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