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Support Young people in Sierra Leone, and be a part of something bigger.

Poverty

Sierra Leone’s social indicators are amongst the lowest in the world. It has one of the worst maternal mortality rates worldwide with 970 deaths per 100,000 live births, and approximately 41% of the population suffers from malnutrition. Rural areas account for the largest part of the population (66%) and the highest rate of people living below the poverty line (73% rural, 61% urban). In rural areas, 87% of young men (25-35) interviewed by McCloughlin et al (2013) were economically active, compared to 65% in urban areas. By contrast, 68% of urban youth (15-19) are in education compared to 43% in rural areas. According to Statistics Sierra Leone and the World Bank, the poverty headcount has reduced 2003-2011 by 44% in provincial urban areas and 16% in rural areas. In Freetown, however, the poverty headcount has increased by 52% in the same period, most likely driven by migration of the poor to the city. Now the question is, how are young people going to finance their dream on their own? That question lead us to the next problem.

Access to Capital

According to McLaughlin et al (2013), single young men with some secondary education are the most likely to be employed or self‐employed; young married women with no education are the least likely. All young people face challenges in access to capital, supply chains, and comprehensive skills. Pressures to contribute to household livelihoods prevent many young people from completing their education.

The major problem stopping young people from starting their own business is funding, most young people have the skills to develop their products or service, however, they get stuck on getting started because they don`t have access to funding. In as much as access to funding is a big problem for start-ups, however, young entrepreneurs need the right skills, tools and resources to manage their start-ups in other to reduce the risk involve, and for them not to misuse their funds.

Our Solution

Sierra Leone Startups Incubation

Many investors and experts believe youth-led enterprises are risky investment. At OS Preneur we believe this is not the case. Given the right support and infrastructure to ensure youth have access to tools, resources and skills they need, youth enterprises can have an enormous effect on GDP and economic growth.

Youths are the mainstay of present-day Sierra Leone and the movers of the country’s destiny. With youths as active, educated, productive and entrepreneurial citizens, this country shall sustain its achievements and transcend its limitations.  The Nation Youth Programme encapsulates this vision for youths in the country.  But it is also very honest with the challenges to this aspiration. (President Koroma`s statement on a Blue Print for Youth Development, SIERRA LEONE’S NATIONAL YOUTH PROGRAMME (2014-2018). By Ministry of Youth Affairs Sierra Leone, In Collaboration with National Youth Commission of Sierra Leone (NAYCOM).

Sierra Leone is among the poorest countries in the world.

Poverty

Sierra Leone’s social indicators are amongst the lowest in the world. It has one of the worst maternal mortality rates worldwide with 970 deaths per 100,000 live births, and approximately 41% of the population suffers from malnutrition. Rural areas account for the largest part of the population (66%) and the highest rate of people living below the poverty line (73% rural, 61% urban). In rural areas, 87% of young men (25-35) interviewed by McCloughlin et al (2013) were economically active, compared to 65% in urban areas. By contrast, 68% of urban youth (15-19) are in education compared to 43% in rural areas. According to Statistics Sierra Leone and the World Bank, the poverty headcount has reduced 2003-2011 by 44% in provincial urban areas and 16% in rural areas. In Freetown, however, the poverty headcount has increased by 52% in the same period, most likely driven by migration of the poor to the city. Now the question is, how are young people going to finance their dream on their own? That question lead us to the next problem.

Access to Capital

Access to Capital

According to McLaughlin et al (2013), single young men with some secondary education are the most likely to be employed or self‐employed; young married women with no education are the least likely. All young people face challenges in access to capital, supply chains, and comprehensive skills. Pressures to contribute to household livelihoods prevent many young people from completing their education.

The major problem stopping young people from starting their own business is funding, most young people have the skills to develop their products or service, however, they get stuck on getting started because they don`t have access to funding. In as much as access to funding is a big problem for start-ups, however, young entrepreneurs need the right skills, tools and resources to manage their start-ups in other to reduce the risk involve, and for them not to misuse their funds.

Sierra Leone Startups Incubation

Our Solution.

Many investors and experts believe youth-led enterprises are risky investment. At OS Preneur we believe this is not the case. Given the right support and infrastructure to ensure youth have access to tools, resources and skills they need, youth enterprises can have an enormous effect on GDP and economic growth.

Youths are the mainstay of present-day Sierra Leone and the movers of the country’s destiny. With youths as active, educated, productive and entrepreneurial citizens, this country shall sustain its achievements and transcend its limitations.  The Nation Youth Programme encapsulates this vision for youths in the country.  But it is also very honest with the challenges to this aspiration. (President Koroma`s statement on a Blue Print for Youth Development, SIERRA LEONE’S NATIONAL YOUTH PROGRAMME (2014-2018). By Ministry of Youth Affairs Sierra Leone, In Collaboration with National Youth Commission of Sierra Leone (NAYCOM).