This program is an activity of the UNESCO Global Action Programme (GAP) on Education for Sustainable Development (ESD)

Enhancing sustainable youth start-up eco-system in Malawi through a novel financing model

Your title/position Financial and Administration Manager
Type of Enterprise registered company
Year the ngo or company was founded 2015
Finalist Best Projects
This bar shows in a scale of 0-10 the Factor of an idea and his owner PROPORTIONAL TO ALL OTHER IDEAS AND OWNERS - 10 is the best, 0 is the worst value. The blue bar changes constantly due to the votes, comments, ratings and activities on this and other ideas.
1 10

Explain your project in details:

The project aims at financing at-least 40 small and medium-sized enterprises (SMEs) and creating more than 1000 job opportunities through business partnership. Absence of collateral to access the seed capital and long term (5-10 years) on-business training, differentiate Enterprise Innovation Hub (EIH) from common financing institutions. The delivery of this project constitutes 4 key milestones: 1. marketing, 2. recruitment, 3. financing, and 4. monitoring and evaluation. To minimize the investment risk, EIH uses legal contract with the SMEs, employ a robust recruitment process (first online application, then two one-to-one interviews and end with field assessment), and ensure use of recommended financial accounting principles. To track progress, the SMEs are obliged to submit monthly technical and financial performance reports. Convenient communication system between SMEs and EIH is in place to facilitate identification of gaps requiring tailor-made capacity building interventions.

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Impact of your enterprise on sustainable development

To date, EIH has financed and is mentoring 6 SMEs, in Agriculture (2), food processing (2), transportation (1) and e-commernce (1). Total number of direct jobs created 21. Within next 3 years of implementing, the key project impacts on sustainable development will mainly be the increase in number of SMEs and Job opportunities created. Specific measurable achievements will include: at-least 19 lucrative SMEs created by the year 2019, more than 95 direct and 210 indirect jobs for Malawians created by year 2019, market for over 500,000 Malawians, for selected products and services in industries such as agriculture, transportation, e-commence and health, created and/or enhanced annually, annual income of the direct beneficiary (young entrepreneurs) increased by more than 60% by year 2019 and increased access and utilization of capital to at-least 224 young graduates entrepreneurs annually by year 2019.

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Sustainability and future plans

The key revenue stream for this project will be dividend from the respective SME to be and being supported. This revenue stream is estimated to contribute about 58% of the total revenue during the next 3 years. Additional revenue streams will be share issuing (16%), referral fees (15%) through our partner investor focusing on tech entrepreneurs, and 11% to be from grants and founders’ contributions. The grants and founders’ contribution are mainly the main sources of finance during the first year and second year. The current priority customer segment constitute graduate entrepreneurs estimated at 16, 000 in Malawi. The proportion of economically inactive population of tertiary graduates in Malawi is estimated at 1.4% and on average, a total of 1,860 students graduate annually. The EIH annual potential customers are within this 1.4% (224). EIH main target is 15% of the potential inactive graduates (35) per year. Until 2019, the specific number of SMEs to finance and mentor will be limited to at-most 6. The estimated number of lucrative SMEs EIH needs to break-even is 9 with an average contribution of $1,557 per SME. The two other customer segments to be targeted to grow the business including general entrepreneur’s startups and existing SMEs intending to grow their businesses. Our fundraising target is $25,000.

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Your profile as an entrepreneur

Daniel Chiumia is a serial entrepreneur, a specialist in dairy cattle production and animal physiology. Currently pursuing a Ph.D. at ETH Zurich in Switzerland. He holds a certificate in business concept development from CTI Entrepreneurship – the Swiss federal training programme for startup founders. In 2015, Daniel was one of the winners of the NextGen in Franchising Global Competition, the Tony Elumelu Foundation Entrepreneur in 2016 and a participant in 2017 Adansonia Entrepreneurship Programme. For over a year, Daniel has been working with startups through a student club, ETH entrepreneur Club, and is fascinated to work and/or interact with entrepreneurial minded people.

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Comments

September 1, 2017 13:51

Hi Shuhra, Ajith, Firanbek, Uledi, Anita, Adisa, Team GreenSpace, Sheher, Emmanuel,

Thank you very much to you all for the best wishes, community building spirit and support demonstrated through your comments among others. Not taking for granted your effort and time spend on my project.

Let me also wishing you all best and great success as you begin and/or continue taking action in achieving your respective milestones.

In case you need further discussion on your respective project/idea and/or on my project as well, feel free to get in touch ([email protected] or [email protected]) or advise the convenient way i can communicate to you.

Once more, thanks and best wishes to you all!

Cheers

www.eih.mw | Facebook | Twitter (@eih_info) | Instagram (eih_mw)

September 1, 2017 13:19

Dear Nthanda,

Thank you very much for your encouraging words and for taking your time and comment on my project. Also encouraged to hear such inspirational words and tightening our belts to fly high.

Thanks again.

Cheers

August 31, 2017 23:44

Bye fellow entrepreneur:
As I say good buy, I must say it has been an astounding time reading so many great entries.
I went through the details of your idea and was indeed very impressed. Would you be kind enough to please explain to me as how you got this idea? Equally importantly, who were (are) the people who inspired you for you to come up with this idea.
Take care and all the very best!
Shuhra

August 31, 2017 22:51

Dear all;
Your comment is helpful, Thank you for you appreciation and a constructive suggestion.
As the YCEC draws closest to close take this from me,I am wishing all the best for all enterpreneurship campus comunity members.
I am glad that I was able to read your mind blowing project.
Best wishes for your success and thank you so much for your support on my project.
Really I am glad that you are doing such great works and for you Enterpreunerial sprit. I fully support your efforts.

I wish you all the success and all the best ma dear.

Good luck! THANK YOU all once again!
Abdisa B.
[email protected]

August 31, 2017 22:16

Hello fellow passenger,

You might have heard the famous song "What I've done" by Linkin park. The lyrics have been beautifully carved by the late singer Chester Bennington. The song covers the ways in which our so called development has helped only a handful of the upper society members, whereas people are still living in poverty.

We have a great platform here which is urging super brains from around the world to come together and collaborate with their ideas and help make this world a better place to live in. You have been a part of this community and I congratulate you on your effort that you have put in.

Thanks once again and all the best for the future
Regards,
Team GreenSpace

August 31, 2017 21:57

Hello my fellow traveler, How are you feeling as our road ends temporarily?
I have just seen your entry and have been thoroughly impressed by it. Will you be willing to collaborate incase you want to set it up on ground?
I would like to be in touch with you,
Cheers from Kabul.
Shuhra

August 31, 2017 21:34

As the YCEC draws closest to close take this from me, Those who win a competition are not always the best but they are the ones that put extra effort and got that little push they desired. On the other hand those that doesn't win are not always the worst either most times they always go ahead to become the better ones on the long run. So selected or not never give up on your idea or project, try as much hard to make it a reality. Congratulations in advance. Changing the world begins with you. CHEERS.

August 31, 2017 21:11

hi,
All the best for your project.As today is the last day of competition I am glad that I was able to read your mind blowing project.
Best wishes for your success and thank you so much for your support on my project.

August 31, 2017 21:11

hi,
All the best for your project.As today is the last day of competition I am glad that I was able to read your mind blowing project.
Best wishes for your success and thank you so much for your support on my project.

August 31, 2017 20:34

Comrades,
In this fight for a sustainable future, what we need is innovation; something which is not necessarily new, but which makes us look at things from a different angle.

I believe this is one of the major motives of this community which we are a part of. Taking one step together hand in hand towards our goal is the only way we can achieve it.

So I wish you the very best in this endeavour of yours and hope to see you together in the new tomorrow

Regards,
Team GreenSpace

Nthanda

August 31, 2017 20:28

This is an ignition to change, empowering the youth and those who hav ideas but lack income... Continue insiping people keep up the zeal.

This is just the beginning of greatness.

August 31, 2017 18:50

Yes, it was a wonderful journey !
a. Reading them gives me good bumps. Will you be able to give me some more details about your proposal?
b. Also, please go through my IDEA called EDU-CELL and if you like it, please vote.
c. This is what I could think when I saw your proposal. Truly inspirational and positive initiative from your side that is sending ripples amongst my friends and relatives. If you think it will be applicable in Afghanistan, please send me the details.
Thank You !
Truly, Shuhra K, Afghanistan

August 31, 2017 18:04

I SEND MY THANK YOU FROM KABUL!
WHAT A JOURNEY AND WHAT A PROPOSALTHE SIMPLICITY OF YOUR IDEA WAS JUST TOO GOOD. WHAT ABOUT YOU? HAVE YOU BEEN ABLE TO SEE MY PROPOSAL? IT IS CALLED EDU-CELL TO HELP THE SCHOOL EDUCATION IN AFGHANISTAN. INTERESTED? CLICK AND DOUBLE CLICK!!
SIGNIING OFF, SHUHRA

August 31, 2017 17:49

Dear Campus Members;
Thank you all for your comments, ideas, and constructive suggestions
This is not final, eventhogh we are ending competition
"Success is not final; failure is not fatal: It is the courage to continue that counts."-- Winston S. Churchill.

So, We need to move forward our contributions to our world!

Keep it up guys!
I wish you all the success in your journey!

Kind Regards;
Abdisa B.

August 31, 2017 17:33

Thank You my dear!
Three thoughts come to my mind as we end:
(a) Will we be in touch?
(b) It is a small and beautiful world
(c) All the best
Bye for now!
S. Koofi, Kabul

August 31, 2017 16:56

THANK YOU!
THANK YOU FOR READING MY PROPOSAL. I HAVE READ AND EVALUATED YOUR INITIATIVE AND I CANNOT BUT HELP GIVING IT MY HIGHEST COMPLIMENTS. HOW DID YOU MANAGE TO THINK OF SUCH A WONDERFUL IDEA, I WONDER?
ONCE GAIN A BIG THANK YOU FROM MY SIDE.
SK

August 31, 2017 16:45

Dear Leader,

We are coming to the end of this awesome competition and I appreciate your efforts, drive and support on my idea, 'AfricEnergy'.

No matter how the result comes out, we should always be focused on implementing our unique ideas and projects for the improvement of the World.

Thank you for your contributions, advice and encouragement so far. I hope to connect with you via [email protected]

Best of Luck!

August 31, 2017 14:00

Hello Daniel
As we are about to finalize the voting and commenting phase, I want to appreciate your unique and constructive comments you have posted in my idea and others too, I hope this kind of partnership kind of sharing skills and experience is just the beginning.
Thanks for your support that made me to move all the way to this far.
Your project will expand and reach thousands of start ups in Malawi and nearby.
Best of luck!
Uledi Kimbavala

August 31, 2017 13:59

Hello Daniel
As we are about to finalize the voting and commenting phase, I want to appreciate your unique and constructive comments you have posted in my idea and others too, I hope this kind of partnership kind of sharing skills and experience is just the beginning.
Thanks for your support that made me to move all the way to this far.
Your project will expand and reach thousands of start ups in Malawi and nearby.
Best of luck!

August 31, 2017 03:11

Hello,

This entrepreneurship-campus platform has been amazing it has enabled us to see all the enthusiasts and to share our passion and experiences to learn from each other. Good luck with your work and wishing you all the success on your journey. Please try to keep in touch; this is important to me as I find this inspirational.

I appreciate all your votes, valuable feedback, advice, and suggestions. For me it has helped me to improve my ideas and also helps me to win and learn from the ideas that you have given me.

Best of Luck! And keep it up

Kindest regards

August 31, 2017 00:24

What a proposal! I am truly amazed.
So many good thoughts including yours. Reading them gives me good bumps. Will you be able to give me some more details about your proposal? And on a different note, won’t it be great if you have a quick glance at my IDEA called EDU CELL.
Take care!
Shuhra (Kabul) ……………!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

August 30, 2017 22:27

-------
Greetings from Afghanistan!
Awesone. Fantastic. Relevant. These are the three words that came to my mind when I read your proposal. Congratulations. If you get a moment, would you be kind enough to read my proposal (IDEAS) called EDU-CELL from Afghanistan? And if you do manage to read it, would you be kind enough to vote if you like the IDEA? And if I am not asking too much, please forward the link to your friends and family.
Thanks in anticipation!
Shuhra K

August 30, 2017 21:14

Hello fellow traveler!
I must say that I found your idea truly inspiring. I would like to know more about it? Do you think you can give me more details about your proposal so I can understand it more and give ffedbakc as well as evaluate if it can be done in my country?
I would also like to request you to please my IDEA called EDU-CELL. DO you think it is relevant in your country. If yes, let me know. I can even help in establishing it in your place during the course of this year!
Have a great day…
SHUHRA

August 30, 2017 20:35

Hello my friend,
May I entreat you to read my entry EDU CELL. I have read your and must say it is fantastic. How did you come up with the idea, I wonder? Who helped you?
Bye for now,
Shuhra.

August 30, 2017 20:23

Hiii!!!!!!!
As we are in to the last day of the competition, I am taking this opportunity to thank you for your valuable comments, votes and suggestions. Your project is very much interesting and helpful and I wish you would be there in the finals. I am concluding by this words-
"Often the difference between a successful person and a failure is not one has better abilities or ideas, but the courage that one has to bet on one’s ideas, to take a calculated risk – and to act".
I am wishing you to be a successful person.

REGARDS
AJITH MATHEW
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

August 30, 2017 19:44

What a proposal! I am truly amazed.
So many good thoughts including yours. Reading them gives me good bumps. Will you be able to give me some more details about your proposal? And on a different note, won’t it be great if you have a quick glance at my IDEA called EDU CELL.
Take care!
Shuhra (Kabul)

August 30, 2017 13:56

Hi Thomas,

Thanks you very much for your inspirational words and are quite encouraging. Appreciation as well for the support proved to my project through your constructive comments.

My best wishes to you and have a great success.

Cheers!

August 30, 2017 13:52

Hi Kemal,

Thank you very much for the details provided related to your O-YES conference. Wishing you as well all the best with preparations for the conference and the O-YES initiative as whole.

Cheers!

August 30, 2017 13:43

Hi Firanbek,

Thank you to you too for the responses to different questions and comments. Your contribution to my project is as well much appreciated.

Wishing you all the best!

August 30, 2017 10:49

Also,

Remember it's not over until it's over.
It may be just a few days to the end of the competition but it's not the end of your dreams
There's still a lot you can achieve.
Stay focused.

Regards

August 30, 2017 10:49

Dear Fellow participant,

You have done well thus far. Only few people will venture relentlessly into the things in which their instincts proposes because sometimes the goal appears too crazy to achieve, so they just retreat.

Actually, someone has said that "The people who are crazy enough to think they can change the world, are the ones who do."

You may have seen this before but I want to remind you that it's true, only those who are "crazy enough" eventually get results.

Congratulations for been "crazy enough" (seeing beyond normal and following your dreams despite the odds)...

Best wishes,
Seth

August 30, 2017 02:41

Dear campus members,

we are going to the last date to vote and comment on our ideas and projects or the end of the competition. I really appreciate all of you for your constructive questions, suggestions or comments on my project: O-YES Conference International(OIC) https://www.entrepreneurship-campus.org/ideas/14/6396/#vote-container that aims to gather creative and innovators like you.

On this occasion, i would love to tell you that O-YES Foundation kindly invited you to join OIC where you will learn from others and share your ideas to bring a sustainable future for ourselves and community in general.
For more information please contact me via my email [email protected]/[email protected] Mobile: +66915635067 Facebook: https://www.facebook.com/kemal.abdela.1420
Website: oyesth.org

Wish you success in your life!

August 29, 2017 15:56

Hello everyone,

Now we are reaching the end of the competition. I want to thank everyone who have been voting and commenting on my ideas and interest in helping support GU.

As all of you said, a visual universal language is needed for this continuously developing society. I am trying my best to launch my Gadaa Universe with the help of you and your constructive comments. We will do whatever it takes to exceed your expectations.

Best of Luck! And keep it up

Kind regards

August 29, 2017 00:31

Hi Team GreenSpace,

So great to have such a great insight from you and thanks so much for that. Can you explain a bit more how the "premortem" is done? if my first time to learn about this. Additionally, do you have any resources you can share for the same?

Wishing Team GreenSpace a great success in actualising its dream.

Cheers!

August 29, 2017 00:26

Hi Anita, Ahmed, Ajith,

Thank you very much for such encouraging and motivating words. You are all such a great and inspiring young entrepreneurs and so happy to connect with you. Continuing this interaction beyond this platform would really be great.

Thanks so much and wishing you great success!

Cheers!

August 28, 2017 20:43

Congratulations!!!!!!!
Without change there is no innovation, creativity, or incentive for improvement. Those who initiate change will have a better opportunity to manage the change that is inevitable. So change this world with your idea.
Wishing you all the success and hope you will be there in the finals.

BEST OF LUCK

AJITH MATHEW

August 28, 2017 19:50

Hello,
Being a part of India's well-known Entrepreneurship Cell of the most prestigious engineering college in India, I have interacted with many startup enthusiasts, have got to know how they think and what are some qualities that set them apart from the ones who are not able to see their idea through. Reading through your idea, I have realised that your idea has that spark which can help it become a successful venture. Coupled with its aim to help the society achieve its goals sustainably, your idea can be something quite helpful for the same.

But before it's implementation, you need to do a "premortem" check on how it can fail. This would prepare you for any uncalled-for circumstances and help you prepare for them accordingly.

Lastly, I would like you to have a look at our idea, GreenSpace, and share your views about the same.

Regards,
Team GreenSpace.

August 28, 2017 16:19

Hello my Colleague ,

Thank you for participating in that great event , it was a great nice Journey , but the best thing of it is meeting good friends like you , I hope you achieve your dreams & good luck with your project.
thanks again & best wishes for you.

Ahmed

August 28, 2017 02:36

Hello My Friend!

Thank you for being here all this while. Your dreams are valid and your project is very viable. Keep thriving and best will keep coming your way.

Best of Luck.

August 27, 2017 23:36

Dear Firanbek,

Thank you so much for sharing the link to learn more about the GU platform. I'll have a look and wishing you great success as you are launching your product?

Cheers!

August 27, 2017 23:32

Dear Uledi, Mirana, Anita, Jennifer and Thomas,

Thank you very much for your inspiring and encouraging comments given to my project. Not taken for granted and i am wishing you all a great and extra-ordinary success with your respective ideas and/or concepts. I hope we'll continue to interact and share idea beyond this platform.

Cheers!

August 27, 2017 20:35

Thank you very much Daniel,

As the competition draws to an end. I want to use this opportunity to specially thank everyone that have supported my idea so far (and that includes you), your contributions and criticism are well appreciated.

Thanks again and best wishes
Seth Thomas
CISTEM

August 27, 2017 17:21

Hello dear members of the entrepreneurship community,

I hope you will join us too and learn the GU universal communication system and the Gadaa system practices when the platform and the system implementations are complete and fully ready for use. This work is still under development. I will let you know once it is finished.

Please keep your constructive comments. Your feedback is important! Many thanks to all contributors!

Thank you for supporting GU project. We will notify you as soon as the platform is live.

Best of Luck!

August 27, 2017 09:48

Dear World Changer,

It's been great having you around, I want to appreciate you for your contribution and support so far in my idea. I wish you the best in yours too and other endeavours.

Best wishes.
Seth Thomas
CISTEM

August 27, 2017 00:51

Hello Daniel,

I really appreciate your comment on my idea, especially the question You asked about the short and long-term plans. I've replied it. Maybe You should check it our.

Also juts to say that you have come a long way with this competition and I want to congratulate you for the resilience you have show so far. I tell you what? It's not going to go unrewarded.

Bill Gates has said that "As we look into the next century, leaders will be those who empower others." I totally agree with the successful software developer!

With that, I want to honestly congratulate you once more for been a leader, especially such that will empower others!

You're relevant and I wish you the best with your project.
I wish that we could network beyond the competition,

Kindest regards,
Seth Thomas
CISTEM
([email protected])

August 27, 2017 00:03

Hi !!
Appreciate your effort and input to make this world a better place. Very well thought and detail oriented. All the best with your idea.

Best wishes
Jennifer Joyce

August 26, 2017 20:31

Hello,

To all the people who are asking how to join once the GU platform goes live, all you need to do is to create a free account. Please keep an eye out on the website and my social media pages at: http://gadaauniverse.com/

Kind regards

August 26, 2017 18:53

Dear Champion,

It takes just one idea/project to transform the world. As you keep working hard towards your dreams and to add your quota in the improvement of the world, I wish you the best of luck.

Remain Lifted!

August 26, 2017 16:38

Hello Great Mind!

Thank you for your support to AfricEnergy so far. I appreciate your kind words, positive remarks and contribution on my idea.
As you continue to progress in your quest for the improvement of the World, I wish you success and breakthrough.

Best of Luck!

Mirana Francoise Razafindramboa

August 26, 2017 11:10

Daniel,

Hello from Madagascar! I am overjoyed with the launch of your project “Start-up Ecosystem”

Mirana F. Razafindramboa
Halt Poverty Madagascar
https://www.entrepreneurship-campus.org/ideas/14/6736/

August 26, 2017 06:25

Daniel
Good. Morning to you as am writing from Tanzania its 7:21AM.
I have been making follow up. Thanks for the response regarding to my question about response of financial institutions to your project.For sure I have been incouraged by good progress you keep on making in this project
It is an endless efforts until you make it spread all over the Continent.
I wish you best of luck as the competition is approaching to an end.
Let us share our strength and experience.
Uledi Kimbavala
Zero hunger is possible

August 26, 2017 01:33

Hi Thomas,

Thanks a lot for the encouraging comments and nice to connect with you on this platform and wishing you all the best with your idea. Looking forward to continue interacting with you.

Cheers!

August 26, 2017 01:30

Hi Anita,

Thanks a lot for your question "what are the challenges do you believe you have been facing in your project?" which i responded to you few days ago. So far our marketing strategies has been weak. Last recruitment we didn't receive so many applicants and this reduced the pool of idea or businesses to assess and finance. This has been our challenge so far and we aim to use other marketing channels and also increase the length of the application window.

Many thanks for your continuing support and wishing you all success.

Cheers!

August 26, 2017 01:24

Hi Uledi,

Thanks for your comments and question "My concern now is how is the current response of financial institutions like banks and Government institutions to this economic project so far". To answer your question, before launching the business we had to receive written approval from the central bank in Malawi (Reserve Bank of Malawi) since EIH is in a financial service business. Reserve Bank of Malawi main task is to ensure price and financial stability through the formulation and implementation of sound monetary and macro-prudential Policies that are consistent with agreed national strategies.

Once we start expanding indeed we'll consider Tanzania and it's within our target countries and good that we are now connected here.

Thanks for you question again and i hope i have responded accordingly. In case you have more comments, do not hesitate.

August 25, 2017 16:45

Hello Champion!

Did you miss Today's (Friday) Inspiration from YCEC? Here it is; "Change your thoughts and you change the World" - Norman Vincent Peale.

Your project is valid, so are your thoughts. Keeping improving and progressing.

Best of Luck!

August 25, 2017 13:26

Dear Daniel,

The TRUTH is, your community will not just benefit from such an amazing initiative of yours but that you will forever be remembered for this great change and transformation you'll cause.

Keep up the spirit because it's adorable.
Your kind is scarce, so hard to find around, you're indeed a great leader!
Wish you all the best world changer.

Kindest regards
Thomas Seth
CISTEM

August 25, 2017 12:14

Hello Daniel!

Your project of human capital development is quite impressive and innovative. What have been the challenges you believe you might have faced with in your project?

Thank you.

uledi kimbavala

August 25, 2017 06:31

Mr. Daniel
I have been making close follow up in this life changing project, thanks for the response to my last comment and especially your last response to Mr Emmanuel. For sure you have introduced a unique project in Malawi and I hope soon will be to all nearby Zambia, and Tanzania in particular and finally the whole Africa. Your target of 40 SMEs ,1000 more than 1000 jobs and reaching about 500,000 Malawians in the market are very possible for sure. My concern now is how is the current response of financial institutions like banks and Government institutions to this economic project so far.. Vulnerable young people and jobless Young people around all over African continent are finding a help from people with good attitude like yours. I hope to hear from you kindly.
Best of luck!
Uledi Kimbavala
"Zero hunger is possible"

August 25, 2017 02:39

Hi Emmanuel,

Many thanks for your questions (What other products do you have. Do you have the financial capacity to finance 40 SMEs. Are you operating as a service bank? How do you deal with the shocks.
What is the sustainability model to ensure frequent cash flows).

1. apart from finance, we have capacity building as a complementary product, 2. 40 SMEs is the target for the 5 year period, currently until 2019 financing and to finance at-most 6 SMEs per year. With this annual target, yes we have the financial capacity and we are also expecting returns from SMEs from 2018 hence a positive contribution to our cashflow, 3. No, we are not operating as a service bank, we are a venture capital firm (providing equity finance). I hope this question (How do you deal with the shocks) assumed we are operating as a bank, correct me if have not understood your correctly, 4. cash flow question, since we are providing equity finance, every year we'll be getting revenues (in form of dividends) from the SMEs and when to get this will vary from SME to SME. Other strategies of managing cashflow will include investing in other companies (buying shares) and franchise fees (once we start growing the business to other countries). We plan to get a patent EIH business model valid in about 10 African countries.

In case i haven't responded adequately or you have other comments or suggestions, let me know.

Thanks again for your constructive questions.

Cheers!

August 25, 2017 02:09

Great project. What other products do you have. Do you have the financial capacity to finance 40 SMEs. Are you operating as a service bank? How do you deal with the shocks.
What is the sustainability model to ensure frequent cash flows.

August 25, 2017 02:04

Hi Vegah,

Thanks a lot for the constructive suggestion that we should make our product highly competitive. We'll continue to think of ways to achieve that and if you have any suggestions you are most welcome to put them forward. You drop me an e-mail ([email protected]).

Thanks again for your comment.

Cheers!

August 25, 2017 01:03

Hi Anita,

Thanks a lot for your question "what are the challenges do you believe you have been facing in your project?". So far our marketing strategies has been weak. Last recruitment we didn't receive so many applicants and this reduced the pool of idea or businesses to assess and finance. This has been our challenge so far and we aim to use other marketing channels and also increase the length of the application window.

Thanks again for your question.

Vegah

August 24, 2017 19:37

Hi Daniel,

This is a bold idea that will curb the lack of startup funding for aspiring African entrepreneurs. Seed capital is always the problem that leads to poor execution even if the ideas are great ones. Try to make it highly competitive. Kudos.

August 24, 2017 17:25

Dear community member,

As the competition deadline is approaching near, we would like some feedback regarding our idea, some ways by which we can tweak it and make it a little better and ready for future execution.
(follow this link https://www.entrepreneurship-campus.org/ideas/12/5961/comments)

Please vote and support our idea.

Thank you in advance.
Team GreenSpace

August 24, 2017 02:16

Hello Daniel!

There will be massive youth employment opportunities your strategic financing model project tends to create. No doubt!

I have a question, what are the challenges do you believe you have been facing in your project?

Thank you.

August 24, 2017 00:02

Hi Team GreenSpace,

Thanks for the encouraging words regarding my project and i don't take those words for granted. Again thank you for inviting me to your project and will surely visit and comment accordingly.

Wishing Team GreenSpace all the best and that you'll in no sooner than later attain your envisioned milestones and the impact in the community you want to serve.

Cheers!

August 23, 2017 23:57

Hi Kemal and Uledi,

Thanks for the encouraging words and invitation to your respective project and idea. I had a chance to read both and are quite interesting. I have already posted specific comments and looking forward to your response.

I'm grateful for your support and connecting with you through this platform.

Best wishes!

Cheers

August 23, 2017 17:31

Hi,
After going through your project, I firmly believe that with good management and excellent execution, this project will help the society grow in a sustainable manner. This would have various positive effects on the environment and also the society in general.

I wish you the best for the same.

I would really appreciate if you could go through my idea as well(follow this link https://www.entrepreneurship-campus.org/ideas/12/5961/comments). Our idea deals with covering an otherwise unused rooftop of a building with green plants and using that space for a multitude of activities.

Thank you
Team GreenSpace

August 23, 2017 15:24

Hello
As we are about to the very end of this competition I give you a bit of encouragement and yet the fact. The competition may reach to an end but the efforts you have shown to your community is great and long lasting, People may come and go but ideas stays forever. This platform is like a family or a classroom where we share all our strength and experience to solve Community challenges.
Your idea is real life touching and I hope you're making more good progress to take it into its full potential no matter what challenge you may face..Never give up.
You may wish to share your experience in my idea
ZERO HUNGER IS POSSIBLE FOCUSING FROM LOCAL COMMUNITY LEVEL
Best of luck!
Uledi Kimbavala
"ZERO HUNGER IS POSSIBLE"

August 23, 2017 14:57

Hello!
Having a visionary young person like you around is very encouraging and wonderful. I wish you success on this project and you should always expect the best coming your way.

Please visit my international project that you are also invited in advance
https://www.entrepreneurship-campus.org/ideas/14/6396/#vote-container

CHEERS!!!!

August 23, 2017 14:30

Hi Ajith, Anita and Linguraru,

Thanks for the words of appreciation and always motivated and encouraging to read your comments. Wishing you all great success with your projects and ideas which i enjoyed reading and gladly provided comments. Will continue supporting your ideas through voting. Count 8 votes each from me until the closing date :-)

Cheers!

August 23, 2017 12:19

Hi,
Thank you if you have already commented my idea Path To Knowledge. If not, I invite you kindly to do it at: https://www.entrepreneurship-campus.org/ideas/12/5633/ I would really appreciate your opinion.
Best regards,
Andrei

August 23, 2017 08:53

An Awesome Day to You, Dear Campus Colleague,

Cheeking through your Project and seeing it progress in this competition leaves me motivated and inspired that with us, our planet will become better and flourish in goodness and development desired by every human being with dreams and aspirations. To keep you moving and staying on in face of challenges as growing Entrepreneurs, it is my pleasure to share this link with you, "7 MOVIES Every Entrepreneur Should Watch", copy and paste this link to view; youtube.com/watch?v=s3x-_yRRUrk

All the best to you in you Idea!

Cheers
Anita Mbah.

August 23, 2017 08:30

Hi Daniel,
Your project is very much appreciable. People like you are a blessing to the modern world because you are utilizing your skill to help the common people. Keep this spirit throughout your life. The will to do varitiies in life opens up the door of opportunities. So keep this positive attitude always and May God Bless You.
I wish you all the success for this competition and also please vote and comment on my project “AUTOMATIC COCOA BEAN SEPARATING MACHINE”.

August 22, 2017 23:04

Hi Shuhra, Anita, Louison and Uledi,

Thank you very much to you all for the positive and encouraging comments. Let me convey the same to you all and wishing you great success; having your ideas and project take off and make the envisioned impacts and even beyond. You are all great and awesome young entrepreneurs - looking forward to continue interacting with you at group as well as individual level when opportunity comes.

Cheers!

August 22, 2017 22:49

Hello my friend Daniel
You have shown great efforts on this project and I believe you will make more good progress to its full extension.
Never give up
https://www.entrepreneurship-campus.org/ideas/12/5816/

August 22, 2017 19:02

Hello Daniel ,

I copy this best comment from Anita Mbah the creator of AfricEnergy , you may learn more about her idea here and vote for it if possible :
https://www.entrepreneurship-campus.org/ideas/12/6509/

to wish the same to all competitor to this platform
We are few steps to the announcement day. I want to use this medium to appreciate your effort, progress so far and support to my idea. Never relent, keep pushing and I wish you success, all the way.

Best of Luck!

August 22, 2017 15:10

Hello Daniel.

We are few steps to the announcement day. I want to use this medium to appreciate your effort, progress so far and support to my idea. Never relent, keep pushing and I wish you success, all the way.

Best of Luck!

August 22, 2017 13:22

Thank you very much for you comment, suggestion and humble advice. I really do appreciate your opinion.
Best regards,
Shuhra Khoofi from "Edu-Cell"
(https://www.entrepreneurship-campus.org/ideas/12/5830/)

August 22, 2017 09:29

Hi Daniel,
This is a very impressive idea and it will surely be beneficial for all the young minds looking for an opportunity.
It looks promising and executable
A community with meaningful collaboration vision opens the doors to more job opportunities for members .
Congratulations for all your efforts and for your project.
SK.

August 22, 2017 00:21

Dear Uledi,

I cant agree more that your project is related to mine regarding impact on community. In case you don't know, i have substantial technical and practical experience in the area of your project. I founded a startup now about a year and we are into pig processing business and our model (which i'm also suggesting for you) of for us at the later stage, is to use backward integration approach where pig farmers will be raising pigs on contract having already ready market (that's something you can think about or know where to get concentrate - pig feed; you current idea). Check my additional comments on your project :-). Great project.

August 22, 2017 00:06

Dear Alero,
Thank you very much for taking your time to read and comment on my project. The comments you have given are so encouraging and motivating. I really appreciate and will surely take time to appreciate your idea and give comment accordingly.

Thanks again and wishing you great success!

August 22, 2017 00:03

Hi Anita,

Thank you very much for your words of encouragement and support you are providing to this platform, i don't and believe other as well take it for granted. Wishing you all the best!

Cheers!

August 21, 2017 06:54

Dear Daniel
I have realized that your project is very essential for most of African Countries, it is real unique and life changing as it will bring positive impact towards poverty alleviation, Your project match my idea https://www.entrepreneurship-campus.org/ideas/12/5816/to the fact that we base on local community level, welcome let's help our Community together, I support your project as it is real unique. Congulatulation for the effort you're putting on this project.
Best of luck!

August 21, 2017 05:46

Hello, I want to say you have a fantastic idea that will help in achieving some of the sustainable development goals.This will also create new jobs for youths thus creating a sustainable income and no poverty in your community.This is good and you are an entrepreneur with a difference.Keep up this good because with people like you, the world will be a better place for all to live in.Thank you once again for this bright project and please if you dont mind l will appreciate it if you stop by at my idea to vote or comment.
Thank you and best wishes.

August 21, 2017 05:29

Daniel, again, you may check on my idea, AfricEnergy, at; entrepreneurship-campus.org/ideas/12/6509/

I wish you the best as always as you keep moving forward in the path of your Dreams.

Cheers.

August 21, 2017 05:22

Thank you Daniel. Having you around is very encouraging and wonderful. I wish you success on your journey and you should always expect the best coming your way.

Cheers.

August 20, 2017 22:26

Hi Firanbek,

Thanks for reaching out and will read your idea and provided the comments accordingly. Will also vote in support of your idea and wishing all the best.

Cheers!

August 20, 2017 22:24

Hi Uledi,

Thanks for the details and comments regarding the EIH business model. Let's schedule a meeting and take the discussion to the next level. Will contact you via WhatsApp today.

Cheers!

August 20, 2017 14:21

Hello,

I invite you kindly to please read and give some suggestions or comment my idea “GadaaUniverse[GU]-Gadaa Universal Communication System and GU-Fair”.

Thanks in advance for your votes and comment. I really appreciate your contribution and would be glad to hear your advice and opinion.

Good luck with your work!

Kind regards,

Firanbek Robele

August 20, 2017 13:27

Dear Mr. Daniel
I have been inspired by your project, I real recognize your efforts and good progress you have demonstrated here, Am also looking for Value chain addition in Agricultural products focusing local community level. Congulatulation for this life changing and supportive project. I like to join your efforts and keep in touch here is my Watsap number +255768864628
[email protected]https://www.entrepreneurship-campus.org/ideas/12/5816/

August 20, 2017 00:02

Dear Ahmed and Sheher,

Thank you so much for the encouraging words and so inspiring. I have been motivated with your words and positive and constructive feedback.

Thanks for getting in touch on this platform and wishing you Ahmed and Sheher lots of success with your project as well.

Cheers!

August 19, 2017 14:53

Hii,

your project is a very impressive and it will surely be beneficial for all the people..
It looks promising and executable.
Congratulations for all your efforts that you have put into your project.
Good luck
Regards

August 19, 2017 06:06

greetings MR : Daniel ,

this is great noble project helping the fresh graduated youth to achieve their goals , as The human resource is the main element in the production wheel , and that is very good for society. & It helps to reduce unemployment, maximize profits, reduce investment risks, encourage investment, create new jobs for young people, and give young people the freedom to implement their own projects. that's great , I wish you Good luck

best wishes :)

August 18, 2017 22:40

Hi Ayobami,

This is exciting and encouraging to connect again on this platform Ayobami. It appears we'll be meeting each other now and again. I'm so proud to have connected with last year through TEF, you are such a great young entrepreneurs. Getting inspired with the progress and your work! Keep it up!

August 18, 2017 22:32

Hi Liberty,

Thank you very much for your words of encouraging and recommending this project. We'll keep working towards advancement of this project and attaining the targets and even beyond.

Thanks for your support.

August 18, 2017 22:09

Hello Daniel ! I am proud to meet TEF Alumni here on this platform. You are indeed a great man. I like your entrepreneur spirit. I am also Adasonia 2017 Participant and TEF 2016. Wishing you the very best bro and God bless !

Liberty Neba

August 18, 2017 21:55

This is an innovation that will have practical impact, considering that most households are resource poor and can't help in raising capital for startup business. I recommend the innovation.

August 18, 2017 14:35

Hi Uledi,

Happy to hear that and sure will drop you an e-mail and let's discuss how best we can expand EIH to Tanzania. Currently we are initiating a patenting process and it'll cover 10 African countries including Tanzania (mainland). Thanks for connecting again and will write soon and discuss further

Cheers!

August 18, 2017 10:03

Dear Daniel
Your project is real supportive, from your profile and enterview You seem to be experienced with Youth challenge and you want to show them breakthrough with your mentorship and entrepreneurship skills.I real like your project and I want to join your effort. I suggest your idea to expand across Malawi to Tanzania and Zambia perhaps,You may wish to have my contact through [email protected]
All the best
See you at the top.

August 18, 2017 01:36

Hi Uledi, Shuhra and Anita,

Many thanks to you all for your encouraging words.

Uledi thanks for your suggestion "I suggest that you include financial institutions like banks to make those start up business real sustainable". I agree and we'll look into your suggestion seriously. Getting into partnership with one or some of the financing institutions would open opportunities for developing additional product lines for EIH.

Again thanks Shuhra, Anita and Uledi.

August 18, 2017 00:27

Hello Daniel!

You are welcome and thank you for stopping by on my idea to add your positive contribution and support.
I believe in your idea.
Keep it up!

Best of luck

August 17, 2017 14:31

Hello,

This is a very impressive idea and it will surely be beneficial for all the young minds looking for an opportunity. Congratulations for all your efforts and for your project.
Regards

August 17, 2017 05:01

Hi Daniel
The moment I review this project am so inspired by your attitude. Most of young people who fail in business they never just choose to fail, they lack both financial,courage and business guidance and mentorship devices as start ups .Your project real targeted the big challenge of Most Young entrepreneurs.I suggest that you include financial institutions like banks to make those start up business real sustainable
Best wishes.

August 16, 2017 23:56

Hi Ajith and Jacmen,

Thanks for your encouraging words.

Ajith, surely i'll read your project to learn more about the AUTOMATIC COCOA BEAN SEPARATING MACHINE

and Jacmen thanks for your suggestion and i agree that we should think of targeting more than 40 SMEs. Likewise will sure read your project (Language and Entrepreneurship Capacity Building).

Thanks again both!

August 16, 2017 16:23

Hey Daniel,

You are tackling an great issue. Wonderful project to support the SMEs, great that you will not require collateral from them. I suggest you support more than 40, go over that limit and impact more SMEs please.

Note: you can comment on my project too " Language and Entrepreneurship Capacity Building ":

Thanks
Kudos

Jacmen K.

August 16, 2017 09:24

Hai Daniel,
First of my hearty congratulations for your project. This is really a interesting project. I think by this project you can provide more job opportunities for the people of Malwi. Providing funds for startups are very much helpful for the youngsters. You are a model for the new entrepreneurs. I am wishing you a very good luck and May God Bless you.
I also wish you to cooment my project " AUTOMATIC COCOA BEAN SEPARATING MACHINE".

August 13, 2017 20:33

Thanks Anita for the encouraging words and wishing you all the best as well. I had chance to read your project and is also quite interesting and need also an alternative source of energy. Keep it up.

August 13, 2017 05:14

Woooow, Daniel. This is a wonderful idea. Keep building human capacity. It's indeed needed in today's growing population and dwindling job conditions. It will help young people become employers of labor rather than being burdens on themselves and community.

In this same spirit, you may check my idea, AfricEnergy, towards green energy; biogas, electricity and organic fertilizer. See it at; entrepreneurship-campus.org/ideas/12/6509/

August 12, 2017 13:20

Dear Andrei,
Many thanks for your comments and question "Have you thought about training for the founders?". Yes we have, the second part of our product is mentorship and this is only targeting the founders. We take train them continuously in areas which we notice that the founders are lacking. If the need is beyond our capacity as EIH, we involve partners or consultants and mentors (selection preference towards those who have and/or are running a successful business in the same or similar field).
Daniel

August 12, 2017 08:13

This is really a very good project! It is great that through your project you support entrepreneurship and promote small and medium-sized businesses. Anyone can have a business, but not all can be entrepreneurs. Have you thought about training for the founders?
Best regards,
Andrei

August 11, 2017 05:22

Great Project. I want to invite you to vote for my project and comment if you want it.
Thanks and good luck

https://www.entrepreneurship-campus.org/ideas/14/7257/

August 8, 2017 23:56

Hi Kundoh,
Thanks for your comment. We haven't yet defined the exactly where we'll launch EIH, it might in your country Cameroon of we can have good connection with local entrepreneurs like yourself. We might adopt the idea is franchising model Zeba suggested. Follow on Twitter and Facebook (link on www.eih.mw) and why not drop an e-mail to [email protected]
Get in touch.

David Mtekateka

August 8, 2017 14:39

These guys are doing a great work. This initiative is a first of its kind in Malawi and really addressing the unemployment challenge faced by most university graduates in the country

August 8, 2017 13:01

This is a great initiative to tackle some of the huddles of entrepreneurship. Good job. I will like to follow your project. Where else do you plan to implement this great program?

August 5, 2017 11:32

Hi Katlego Sito,

Thanks a lot of the your comment. At-least after 2 we'll be ready to go outside Malawi and sure thanks for indicating the potential market available in SA. Get in touch on [email protected]

Thanks again for your comment.

Cheers!

August 4, 2017 15:59

Hy Daniel
I just wish your project could get established here in SA because our most challenge here is finance.your project is truly the best.I just hope the processes are not long and difficult just like here.good luck

August 3, 2017 23:18

Hi Zeba Khan,

Thanks so much for your comment and questions.

First thing 100% yes to this point you wrote "except you would be providing training as well as the start up fund". Our main products are 1. seed capital and 2. mentorship.

About the type of business we fund, typically startups in all sectors. Out key task is to get entrepreneurs with great ideas and are committed (the team) to stand up and run (to help them take action/run the business). We do this by giving them funds (cash) and technical advise to get the business running. Currently we have invested in Agriculture (2), food processing (2), transportation (1) and e-commernce (1). The picture you are seeing to the far right on this project profile is the product of one of the startups EIH is supporting. We also want to leverage partnerships in delivering our product like currently we have an invest partner (based in USA) mainly focusing on Tech based startups, we have partnership with local financial consulting firm (providing services related to finance including trainings) and still continuing establishing strategic partnership so that we focus on core activities to have the startups deliver (technically and financially). We'll as well build a network of mentors who can work with EIH startups in a win-win situation (still working on this idea on basically how?).

A big thank you for bring to our attention the issue of franchising, i think we can adopt this idea as growth strategy for EIH particularly once we have established the systems and prove that they are working in Malawi before launching in other African countries.

If you have any further comments, i'm happy to hear and respond accordingly.

Thanks again.

Daniel

August 3, 2017 04:55

Hi Daniel, your business sounds really great, and I think that it has potential to grow sustainably from the profit earned through the small businesses. However, I was wondering if you could share some more information about what type of businesses you typically fund. Wouldn't it be more sustainable if you funded businesses of one category only? For example, what if you had a parent business and these people would be able to start smaller local branches of that business - the way most franchises work except you would be providing training as well as the start up fund.

What do you think of this idea?

July 30, 2017 20:13

Hi Kemal,

Thanks for your comment and suggestion on partnership/collaboration.

EIH is more than interested to exploring/establishing partnerships with similar or complementing organisations in achieving its goal of creating more business and jobs.

Looking at the major areas O-YES focuses, Youth Business, and creativity and innovation are within our business framework. We can explore can best we can work together in contributing towards increasing economic opportunities in our communities.

Daniel

July 30, 2017 15:45

Hi Daniel,
This is great project indeed. But do you mind telling me about your collaboration with other organisations to develop your project or organization?
In case you're interested in my foundation and probject, please visit here.
https://www.entrepreneurship-campus.org/ideas/14/6396/#vote-container

July 29, 2017 00:56

Hi Steven, Elton, Julian and Chifundo,

Thanks for your encouraging comments.

I can resound the words of Mr. Tony Elumelu of Tony Elumelu Foundation said during the 50th anniversary celebration of the International Institute of Tropical Agriculture in Ibadan this July, "to attain zero hunger, poverty and food security, in line with Sustainable Development Goals, youth unemployment must be addressed".

Regards,

Daniel

chifundo dzelani

July 29, 2017 00:16

Hie, EiH
Thumbs up Daniel and the team, this is really great idea considering the current situation of unemployment among the youth in our country as well as at global level. cheers!!!

Julian Chinkute

July 28, 2017 12:56

This is a good project for Malawian youths who have limited access to loans. This will keep many youths busy and create more jobs as they will also have the capacity to employ fellow youths.Danie keep it up

Elton Kufakosaleka

July 28, 2017 09:44

One of the challenges in Malawi is high level of unemployment for the youth and poor access to micro loans due lack of government recognition and support of the youths in entrepreneurship, hence this project is very important in reducing the level of unemployment and improving the lives of the youths in Malawi.

Steve Banda

July 28, 2017 08:33

Hi Daniel

This is a great innovation, as graduates we really need to look this direction of entrepreneurship as the unemployment rate is increasing in Mw. Keep it up!!!

July 27, 2017 02:50

Hi Daniel, thanks for your comment.

EIH demands at-most 50% (range 5-50%). We'll control dividend by having their accounts audited twice, first half of the year by an internal auditor (from EIH) and at the end of year external auditor. The SMEs are as well obliged to submit technical and finance reports monthly and having an e-statement of the SME account automatically copied to EIH accounts personnel. Through these strategies, we'll be able to track, predict and provide necessary advise on dividends.

I hope i have addressed your question and you are most welcome if you have any other questions or suggestion.

Regards,

Daniel

July 26, 2017 22:54

Hi Daniel, congrats on your Hub project!

I am curious about the main stream of revenue: dividend.

What will be your control strategy to approach SME´s ? I mean will your HUB have more than 51% of the SME´s or take minority interest?

If you take minority interest, how do you control dividend issuing?

Best regards, !