Junior achievement Kenya (JA) has entered into an agreement with Extreme Sports and Sportpesa Super 8 (SPS8).
A deal that will provide entrepreneurship and financial literacy training to the League’s participants through out the season.
According to JA representative Ivy Mwanjera,the deal has availed Ksh 25m that will allow young talented Youths to engage in entrepreneurship.
Speaking at the Sportpesa offices in Nairobi,Mwanjera said that the money is available to all the individuals in the 32 teams who will participate in the training and who must have incredible business ideas.
“The Ksh25m is available to those who come up with a fantastic business idea,so once you have a fantastic business idea you develop business plan,apply for the money as a loan.So once you access the money you can begin to pay it back as a loan with very low interest”.
Mwanjera said that Participants must go through an experiential 8 weeks training that is in four categories including life skill, entrepreneurship, savings and mentor ship which qualifies them to access the loan.
“We expose them to training and allow them (participants) to have opportunity to set up their own businesses,understand entrepreneurship financial literacy and create a better future for themselves”.
JA entrepreneurship and financial literacy training provides basis for creativity and innovation and enables the trainees to put their ideas into practice as they go through the program.
Through the program the selected teams can also access grants from JA as startup capital for business which can be done in a group or individual basis.
WRITTEN BY COLLETA JUMA