The Small Business Initiative (SBI)
What is SBI?
FCDE’s Small Business Initiative is an innovative new project tailored to build the capacity of our local partner organizations (LPOs) to effectively support community members in small business development. SBI’s goal is to provide these organizations with the tools and opportunities to drive measurable, impactful economic change within their communities through entrepreneurial, small business and social enterprise projects
Who and why?
Targeting women and at-risk youth as 85% of project beneficiaries, SBI builds the confidence and leadership that allows women to take active economic decision-making roles in their families, as well as equipping at-risk youth with income generation skills to reduce their vulnerability. Nationwide in Uganda, women make up 52% of the labor force and approximately one in three businesses are created by women. However, women’s social enterprises often face challenges in resource development, lack necessary infrastructure, and struggle with capacity gaps and networking opportunities. Support for Ugandan youth is equally as critical because 77% of the population is under age 30 and Uganda has one of the highest rates of youth unemployment in Sub-Saharan Africa. Further, 93% of FCDE’s LPOs indicated that they and their beneficiaries were interested in small business development but lacked the knowledge base and skills to undertake such an initiative.
What will this project do?
With technical training partner, Street Business School (SBS), SBI will address these structural issues and create opportunities for LPOs to elevate individuals and their communities. Through SBI, FCDE will provide LPOs with its tailored organizational capacity-building package in conjunction with SBS’s evidence-based, business skills training program. This will facilitate the growth of LPOs’ business development knowledge and skills, while building their capacity in marketing, networking, resource management and organizational development. Some of the anticipated outcomes include:
· 89% of women and youth who complete the small business training offered by LPOs will have businesses two years later.
· Participants who establish businesses will increase income on average by over 150%.
· 50% of women entrepreneurs will build connections with others, creating a social support network and sense of community to help sustain their businesses long term.
· At the family level, increased household income will have a knock-on effect on education and health outcomes. We expect that 90% of the school-aged children of women entrepreneurs will regularly attend school due to improved ability to afford school fees, uniforms, books and incidentals.
· Participants will also report improved health and wellbeing as increased incomes enable them to pay health costs at local clinics, buy medicines and household items like mosquito nets, and afford healthy foods for proper nutrition.
How will I know my donation will have an impact?
Because FCDE* is a small, grassroots organization, we can guarantee that 100% of your donations will go directly in-country to support the Small Business Initiative and are tax deductible! We have thoroughly vetted the participating organizations and will work with them throughout the project to ensure success and sustainability. Most importantly, because of the Confluence Institute grant, your generous gift will be matched dollar for dollar– doubling the impact!
Thank you for your generosity in helping make the Small Business Initiative a success and for being a key player in reducing poverty in our communities in Uganda. We will update the site regularly and can also update you personally on the progress the women and youth are making, so that you can see what a life changing impact you have had!
For more information on FCDE: *http://www.fcde-dev.org
For more information on our partner Street Business School:
Please note FCDE's Tax ID 01-0944516
Address: PO Box 6560, Ketchum, ID 83340