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About the Graça Machel Trust
The Graça Machel Trust and FASSET have opened applications for the Women Creating Wealth Intergenerational (WCW-I) edition of Program 2024. This Enterprise Development Programme is specifically designed for women-owned and run businesses operating in the financial services sector. The initiative is part of the Pan-African Women Creating Wealth movement which aims to promote wealth generation and transform the lives of families and communities across the continent.
Africa has emerged as a global leader in female entrepreneurship, with women constituting 58% of the continent’s self-employed population. However, a recent World Bank report titled ‘Profiting from Parity’ reveals that women entrepreneurs in sub-Saharan Africa face numerous challenges in achieving substantial profits and scaling their businesses. This is where the WCW initiative comes in, offering support and guidance to women entrepreneurs in the financial services sector.
Small, Medium, and Micro Enterprises (SMMEs) play a pivotal role in Africa’s economy. These businesses are vital engines for job creation, economic growth, and poverty reduction. Across diverse sectors such as agriculture, technology, and services, SMMEs contribute to skill development and inclusive progress. The WCW initiative recognizes the importance of supporting women entrepreneurs in this space and aims to help them overcome the challenges they face by providing them with the tools, resources, and networks they need to succeed.
Eligibility Criteria
- Young and established women who are operating a business in at least one of the following countries at the date of application:
- Kenya
- Malawi
- Senegal
- South Africa
- Tanzania
- Zambia
- Age: 18 years and older.
- Must have completed secondary school education.
- Have an annual business turnover of between USD 10,000 and USD 500,000 or the equivalent of the local currency.
- Have business experience of at least 2 years of operating any form of business.
- You are not presently engaged in another entrepreneurship support program lasting longer than a week.
- Your business currently employs a minimum of 5 young people and demonstrates the potential to expand further, creating additional job opportunities for the youth.
- Have an operational business or a product/service that can be tested in the market with the potential for growth and impact.
- Businesses can be sole proprietorships, partnerships, companies, cooperatives, or groups.
- Business must fall within any of the following sectors:
- Agriculture
- Tourism
- Manufacturing and Value addition
- Transport and Infrastructure
- Information & Communications Technology (ICT)
- Building & Construction
- Trade and services
- Renewable Energy/Green Energy
Benefits of the Graça Machel Trust
- Structured training on the WCW Online Ignite courses
- Dedicated support through customized coaching, mentoring and technical advice
- Support the development of your toolbox of resources for growth
- Access to a vibrant and supportive Business Community
- Invitation to regular entrepreneurship networking events and round tables to build social capital
- Access to a pool of rated service providers to support growth, access to markets and finance.
How to Apply for the Graça Machel Trust
To apply for the Graça Machel Trust, fill out the application form provided below. Your participation in this process is crucial for us to assess your suitability for the program. The application form seeks some fundamental details about your business, including its nature, scope, and objectives. Additionally, we require your contact information to ensure seamless communication throughout the application process.
Filling out the application form typically takes approximately 60 minutes. We understand that your time is valuable, and we appreciate your commitment to providing us with the necessary information. Rest assured, the insights you provide will enable us to tailor our program to better meet your needs and expectations. Should you encounter any difficulties or have any questions while completing the form, please do not hesitate to reach out to our support team for assistance. Thank you for your cooperation, and we look forward to receiving your completed application soon.
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