Cente Ya Kikazi (CYK) - is designed to create a safe space for female entrepreneurs. CYK aims at accelerating the efforts to improve access to finance, skills strengthening and creating an innovative and effective economic atmosphere for Women-led Small & Medium Enterprises (WSMEs). The program builds a pipeline of investable female-led enterprises, offering a revolving fund that provides low-cost capital and attracts further non- financial support and impact-oriented capital.
The rationale for Cente Ya Kikazi is that while formal Women-Led SMEs represent 31 to 38 percent of all SMEs in emerging markets, the average growth rate of women’s enterprises is significantly lower than the average growth rate of SMEs run by men. Several factors including difficulties in access to finance and capacity building have contributed to the slow growth of women-owned businesses. The objective of CYK is to address the financing gap and skills shortcomings that prevent female-led enterprises from growing their businesses and running them effectively. CYK is delivered through Entrepreneurship Institute of Africa (EIA) with support from Finding XY (the parent body), Village Capital and Enventure,
Are you a female entrepreneur? Do you support women-led enterprises? Cente Ya Kikazi is for you!
Apply Now: http://bit.ly/CYK2021
Deadline: 31st August 2021
Here are the top benefits to the female entrepreneurs:
- Business development support from expert Business Advisors focused on developing growth and financial plans to successfully scale their business
- Bankable business plans and financial models
- Access to concessional business loans – selected viable enterprises to receive business loans of up to Ugx 7,500,000 with only a 40% collateral requirement.
- Strategic Partnerships and Networking Opportunities
- Awareness Training on Gender-related Issues
- Mentorship from experienced players in the business space.
Cente Ya Kikazi is for female-led enterprises with the following attributes:
- The woman entrepreneur should own at least 80% of the enterprise
- In operation for at least one (1) year
- Eligible sectors: Agriculture, Renewable Energy, ICT, Tourism, Manufacturing, Education, and Financial Services
- The enterprise should be registered by a relevant body, and based in Uganda
- An enthusiastic & motivated team
Training Duration: 9 weeks | once a week | 2 hrs
Mode of delivery: Online
Program fees: Ugx 500,000 (payable in instalments) - 25% discounts are available for group enrolments (of at least 3 women entrepreneurs being facilitated/enrolling under a network/group e.g. SACCO, VSLA, Cooperative, etc).
For more information, please contact the EIA Coordinator:
Merab Twinomugisha | firstname.lastname@example.org | +256 750 969560