The Youth Citizen Entrepreneurship Competition is an activity within the framework of the UNESCO Global Action Programme (GAP) on Education for Sustainable Development (ESD)

wheel finance

Published on May 7, 2014 um 16:45

Summary of your idea

it involves maintenance of a pool for persons of common interest, where one member gets the whole of the pool till the collection has gone round and a cash base is maintained with which extensive investment is made which burdens the admin cost and if excess distributed among pool members.its a finance strategy aimed at capital realization for small scale business project financing and ultimately wealth accumulation.

Expected impact of your idea on sustainable development

help people establish small scale business,complete long due projects and ultimately drive their finances.

Plans for implementation and sustainability

the pool is the primary source of its financing,others would include inflows from extensive investment and possible partnerships

Your profile

am an undergraduate of Accountancy presently hold a national diploma in accountancy from Auchi polytechnic, Auchi. my background has been my source of inspiration,i had grown up in one of the slums in Lagos and have gotten my own fair share of life's hardship not very much up there yet but i ll make it through someday and i sense its soon

Stage of Idea

start-up stage

Your idea has a positive impact on

poverty reduction, sustainable trade, youth, other: economic and rural development

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Comments

July 7, 2014 17:18

good!