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Rameez Zafar's Fundraiser:

Empowering Rwandan SMEs to Access Finance

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BENEFITING:

EVENT DATE: Jun 27, 2013

Rameez Zafar

THE STORY:

Overview
A group of professionals have volunteered to travel to Kigali (Rwanda), to deliver a Business & Financial literacy course to 50-100 business owners and entrepreneurs to assist them formalising their businesses, in order to access finance from local Rwanda Financial Institutions.

Students will attend a 2 week course and upon completion, the 10 strongest businesses will be selected to compete in a Dragon's Den, with the winner receiving £5000 to start or grow their business. Last Year's winner received funds to build Rwanda's first tomato-producing green house to address a very unique situation in the country - the majority affordable tomatoes were canned good being imported from China.

We are asking for you to support us by donating to this unique and profoundly beneficial cause which will have a long-lasting impact on Rwandan SMEs. Your donations will be used to fund the prize of £5000.00 to be awarded to the winner of the 2013 Dragon's Den.
 

Course Participants
A group of 50-100 business owners and entrepreneurs, all of whom are survivors of the horrific Rwandan Genocide which took the lives of 1 million people in just under 100 days.

Background
Upon previous trips to Rwanda and discussions with numerous SMEs, it became apparent that a lack of financial literacy is a consistent problem across sectors in Rwanda. To promote the growth of SMEs, which account for an estimated 98% of Rwandan Businesses. While, many businesses have an intuitive understanding of of their individual businesses, most were unable to articulate aspects of these businesses in a formalised manner due a very limited understanding of finance and accounting. As a result of being unable to present their businesses in an 'investable format', these SMEs are also unable to access the financial serivces potentially available to them from local Rwandan Financial Institutions - and in turn, the entire Rwandan SME sector is stricken with limited growth.

Course Details
Volunteers will travel to Rwanda to deliver a course which has been designed to contextualise fundamental financial concepts such as budgeting and simplify financial topics such as accounting and credit. The primary objective of the programme is to promote effective engagement of Rwandan SMEs with financial institutions (access to finance). However, the financial tools that the Rwandan SMEs will develop will also improve their own internal business practices.

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