Establishing and maintaining successful youth businesses

Leveraging local networks to raise the profile of youth-led businesses
20th June 2018

Establishing and maintaining successful youth businesses

Likening our stakeholders to honey bees which are known for being industrious and ingenious, the YI team chose to host the first-of-its-kind Town Hall Meeting on the Reserve Bank of Zimbabwe (RBZ) National Financial Inclusion Strategy (NFIS) in Emakhandeni. The youth community in Emakhandeni is known for its enterprising energy evidenced by the diverse Micro Small to Medium Enterprises (MSMEs) stalls focusing on gaming, electronics and takeaways, hence the venue was fitting to host the Meeting.

The Meeting running under the theme: “Establishing and Maintaining Successful Youth Businesses” focused on the NFIS which is aimed at ensuring the existence of an inclusive financial sector that broadens access to and use of financial services by all, with the view of engendering social and economic development. Thus, the Meeting provided a platform for direct interface between the youth and the financial institutions on accessing loans for their businesses. The financial institutions in attendance were, Agribank, POSB / Esteem Banking and Untu Capital. Taking into cognizance that most of the youth MSMEs are unregistered, the dialogue and discussion also focused on formalisation of the youth’s business through engaging with the Department of Deeds Companies and Intellectual Property.

Here’s what some of the participants had to say:

Great initiative! Indeed you are investing in us as the youth, I really learnt a lot from today’s session! Keep on the good work Youth Invest. ” _ Ndumiso Siziba.

“I am grateful to Youth Invest for hosting the event because I benefited a lot. It was indeed an investment, for with information we can make better decisions.”_ Courage Msimanga.

The YI Team is excited to work with all the Meeting attendees in formalising and applying for loans to grow their businesses!


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