'Give smarter' urges charitable foundation as skills exchange is launch
Only a radical overhaul in the way people give can save more than 300 small UK charities from closing, says a charitable foundation ...Loans to help youth groups to set up small businesses
A new initiative for school and youth groups to set up their own small business has been launched by Christian microfinance charity, Five Talents.
Capitalising on the current interest in Young Apprentice and business ideas, young people will now share their business profit with entrepreneurs in poor countries around the world.
The Five Talents ‘BizBox’ is a kit of inspiring ideas and tools that includes a voucher for a £26 startup loan - the equivalent of a microfinance loan made to small business in Tanzania. Five Talents are providing loans to the first 100 groups who submit a simple business plan online. Video Flipcams are being offered as prizes to groups who make the most money and demonstrate the most original idea.
Five Talents Development Director, Anthony McKernan said: “We have made it very easy for a school or youth group to start their own business and learn about micro-enterprise in the process. The BizBox contains our top five ideas, but groups can choose their own business and compete against others”.
To get started you can visit www.fivetalents.org.uk/bizbox