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Finance
for young entrepreneurs
Are you
aged between 18 and 34 and aspire to run your own business.
It is time you stopped searching because Pioneers of the Future
is committed to assist you in realising your dream.
Pioneers of the Future is a Durban-based organisation that
helps young people to start their own businesses. It is backed
by the Department of Economic Development and Tourism and
provides business start-up funding to the youth of KwaZulu-Natal
because government recognises that SMMEs are one of many viable
options for job creation.
According to research, only 10% of school leavers find jobs
in the formal sector, while 70% of the economically active
population are youths.
To be in line for financial assistance applicants need to
hold a valid South African identity document and be able to
attend workshops on how to operate a successful business and
how to draw up a viable business plan. They must also be unemployed.
If the applicants meet the criteria and complete the workshops,
they are in line to receive a loan to the tune of R3 000 to
start their own business. The loan is repayable on agreed
terms.
During the launch of this project, Pioneers of the Future
chairman, Phumlani Phewa said: “Youth must be encouraged to
enter into the business world. It is a sure means of providing
jobs, will promote economic growth and help fight crime and
poverty. If we can get youth involved then we will have helped
this province immensely.” Pioneers of the Future are currently
running a programme called The Entrepreneurship Skills Training
for Self Reliance which is aimed at empowering the youth and
enabling them to take informed business decisions.
To receive assistance, visit the Pioneers of the Future offices
at Room 104, 369 JHI Building, Smith Street, or phone
307 7882.
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