With high unemployment rates and low foreign trade, people in Africa are heavily reliant on micro businesses. Thus, without credit becomes impossible to get a loan to get your business off the ground. GVI Trust partners with local NGOs and entrepreneurs to provide them with the training, skills and funding they need to get their small business off the ground. Instead of a high interest rate, the entrepreneur gets to do a donation to a future entrepreneur!
With high unemployment rates and sanctions for foreign manufacturing, there are limited opportunities to earn an income. Without financial security, getting access to the initial loans to start a business is difficult, if not possible. With only a small number of people having credit to start an enterprise, the opportunities to be self-sufficient makes the access to break the cycle of poverty unequal and income inequality continues to rise.
Together with local NGOs and institutions we identify entrepreneurs with a solid and sustainable business idea. After a selection process, each entrepreneur i will get the capacity building required to be given the best opportunity for success. Once trained, they will be assisted with the initial products to be able to earn the money to continue the operations independently. Instead of a high interest rate, the entrepreneur gets to do a donation to a future entrepreneur!
By giving people access to starting capital, communities will quickly become self-sufficient. This will not only ensure that they will rely on foreign support but further have the funds to put their children through school, get access to healthcare services and participate in the greater economy. This will break the cycle of poverty and provide even greater opportunities for coming generations.