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COMMONWEALTH YOUTH PROGRAMME AFRICA CENTRE COMMONWEALTH SECRETARIAT Youth Enterprise Development and Youth Employment Experiences and Lessons from Commonwealth Africa ENIWET KAKUWA. AIMS:. The programme aims to provide:. integrated package of low cost easily accessible credit

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slide1

COMMONWEALTH YOUTH PROGRAMME AFRICA CENTRE

COMMONWEALTH SECRETARIAT

Youth Enterprise Development and Youth Employment Experiences and Lessons from Commonwealth Africa

ENIWET KAKUWA

slide2

AIMS:

The programme aims to provide:

  • integrated package of low cost
  • easily accessible credit
  • enterprise training
  • development to young entrepreneurs
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OBJECTIVE:

  • To promote the development of sustainable micro enterprise employment among young people
  • To promote economic growth and national development
  • To demonstrate a model of good practice in micro credit for young people
  • Attracting the interest of donors, governments and other development agencies in youth enterprise development
slide4

KEY FEATURES OF BEST PRACTICE INITIATIVES:

  • Training provided and loans distributed by NGOs with experience in micro- credit and enterprise
  • Group lending and use of group savings as collateral against loans to ensure repayment
  • Democratic participation by beneficiaries
  • Entrepreneurial development and management training as a prerequisite for participation
  • Provision of information and support services
  • Business support services to young business entrepreneurs
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GROUPS:

THE SAVING CLUB

THE BUSINESS PLAN

THE CONTRACT AND REPORTS

THE LOAN

LOAN DELIVERY

LOAN REPAYMENT

SAVINGS

SUSTAINABILITY

INSTITUTIONAL ARRANGEMENTS

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ADVANTAGES OF THE MODEL

  • Promotes self- employment option for young people
  • Self- supporting
  • Entry into the commercial network for young people
  • Implementation costs spread over a no. of agencies/ covered under the programme
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Necessary input is political will to commit government to supporting YED programmes through development of policy frameworks and budget allocations

  • Applies strict commercial disciplines and leaves all partners better equipped to counter poverty
  • CYP encourages governments to create policy and institutional structures and flexibility in legal and banking systems
  • CYP provides information, materials, advice and technical assistance
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LESSONS FROM THE PAST:

  • Use an agency with experience in enterprise training or credit delivery
  • Implementing agency selected on basis of political neutrality, institutional capacity, commitment, innovativeness, flexibility in accounting for local conditions
  • Inappropriate to select government agency to implement programme
  • Need to provide orientation training to staff
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Regular monitoring and evaluation of programme is needed

  • Regular consultations and checks with partner NGO necessary to ensure implementation of project is smooth
  • Provision of youth exchange activities is essential to facilitate sharing of best practices among young people in running sustainable enterprises
slide10

CHALLENGES:

  • Allocation of funds are not proportional to magnitude of youth unemployment
  • Little effort at monitoring and evaluation of programmes
  • Personnel lack skills, experience and awareness
  • Cumbersome loan transactions
  • Wider acceptance of potential of youth enterprises needed
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SUGGESTIONS:

IMPROVE PERFORMANCE OF YED PROGRAMMES AT FOUR LEVELS-

  • Level of borrower who lacks experience with credit institutions
  • Level of financial organizations not pre- disposed to lending to youth
  • Level of existing regulations
  • Inadequacy of loan- able funds, strict collateral requirements, and negative attitude of some lending institutions towards youth borrower
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ADDITIONAL SUGGESTIONS:

  • Direct credit to economic activities in which youth are most active
  • Mobilizing capital for youth activities
  • Incorporating flexible repayments for small loans
  • Promotion of YED programme in decentralized manner
  • Incorporation of purchasing and/or marketing systems
  • Refine group guarantee mechanism to reduce risk of defaults
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YED policies need to be put in place in Africa to integrate efforts into national economies

  • Undertake appropriate legal reforms
  • Linking potential youth enterprise programmes with capital by strengthening capacity of major institutions and capacity building
  • Need for National Enterprise Policy in informal sector to enable young people to access credit facilities, infrastructure and so on
  • Partnership between private sector/ business community in mobilising resources and providing business support services