Best Projects 2020 features all the nominated entries submitted ‘Submit your Project’ category. All the entries consist of innovative projects run by existing enterprises in the form of businesses, NGOs or informal programs.
Youth Entrepreneurship and Empowerment Foundation
Published on June 15, 2020 um 23:46
Type of Enterprise
registered company, non-profit organization
Year the ngo or company was founded
Explain your project in details:
Youth Entrepreneurship and Empowerment Foundation (YEEF) is a non-profit youths focused foundation that was established to create an enabling environment where youths, social entrepreneurs and students are nurtured, mentored and empowered to unlock their financial, business investment and sustainability potential. YEEF believes in positive youth development and their ability to create community impact through promotion of active youth engagement and participation of evidence based social, economic and financial empowerment programs that are aimed at helping them make informed business decisions through in-depth market research, professional business planning and creation of bankable financial models that can enable them minimize market risk.
Impact of your enterprise on sustainable development
YEEF began training students, youths and community farmers in August 2019 in response to the dwindling survival of entrepreneurial startups and businesses as well as the low savings and investment percentage in Uganda. To date, YEEF has trained over 580 youths (200 of which are university students, 350 are high school students and 30 are rural farmers) through our community training programs. We are now excited to begin training parents on early savings for children education. During these training, students were excited to share their opinions of financial literacy as a critical factor in improving the quality of life and enhancing financial inclusion in Uganda. One of the most important roles of YEEF is to ensure that those we train are able to make informed financial and economic decisions that ultimately drive economic growth. As such; 5 start-up projects have been commissioned by students of Makerere University after we leveraged on the leadership development programs presented by the United Nations Academic Impact and Millennium Campus Network Fellows at the University. We have set up and or empowered many Entrepreneurship Clubs in over 20 Secondary and Primary schools in central and Eastern Uganda through which we sensitize the students about the power of saving, teamwork, network building and early investment strategies We welcome whoever is interested in our free financial training services in schools and community to reach us through email: [email protected]
Sustainability and future plans
In the future, we plan to promote a savings and investment culture among African youths by; Partnering with financial institutions such as Banks and Telecommunication companies to create a savings platform for youths Creating a mutual online platform with the intent to empower young leaders to create sustainable job opportunities in selected regions. Leveraging the potential of young people as widely as possible for job creation and highlight their potential as a solution to fostering prosperous and peaceful societies. Raising awareness of youth unemployment opportunities and sharing best practice. Currently we have received $5000 funding through the Government and plan on being sustainable through applying for donor grants and participating in competitions.
Your profile as an entrepreneur
On behalf of the other members, Flavia holds a Bachelor in Laws degree from Makerere University and a Post graduate diploma from the Law Development Centre. I am engaged with the Transformation of Nations Alliance and also completed a three-year Leadership Development Program under Compassion International. I am very passionate about the law, justice and the impact it has on youths in society.