Poverty Alleviation Program
- Africa
We have identified that one of the key reasons for the continuous poverty
cycle in all of sub-Sahara Africa, in
years immediately following 2001 and beyond, is the lack of employment for
young
men and women. In 80% of sub-Sahara Africa, the problem today is
not a lack of primary education, rather it is lack of jobs and economic
opportunities for the population in general.
ICA has identified that the introduction of trade and skills
training schools will provide another avenue for these young people to
gain valuable trades skills which will allow them to obtain meaningful
jobs. This will consequently improve the economic situations for their
children and families, and eventually their local communities.
Small Business,
Enterprise Development & Skills Training
Our program is focused on
practical small project development and executions in the areas of
small-business and enterprise development and also in skills training. ICA
will pick projects suitable for specific poverty alleviation ventures in
specific communities and will find the resources necessary for
establishing and managing such projects.
Our focus in the short-term (2008 - 2013) is going to be on enterprise
type development projects, offering business coaching and some
capitalization - "seed" money for the provision of tools
other necessary start-up expenses of the entrepreneur. We will also focus
on skills training and development for he unemployed. We believe that these are the key areas through
which we can make the maximum impact in the economic development and
consequently, poverty alleviation in Africa today.
Micro-credit &
revolving capital
With the current high demand for seed capital for micro-enterprises in sub-Sahara Africa
we will give higher consideration to projects with higher
developmental impacts, results in more jobs created, and that could offer
close to 100% cost
recovery within a considerable space of time. We would like to
revolve and reinvest funds into several projects, one after the other, to
get them to the points where they are self-sustaining.
We will apply appropriate micro-credit and revolving loan schemes to
achieve individual project success.