On this Thursday 25th April 2019 FAWE Rwanda chapter launched Scholars Entrepreneurship Fund (SEF) at INES-Ruhengeri. For this entrepreneurship promotion FAWE organized training of FAWE scholars to let them understand and start thinking on projects.
Mastercard Foundation and FAWE through the Scholars Program seek to enable young people to positively contribute to socio-economic development of their countries by transitioning to tertiary level, engaging in meaningful work or getting into entrepreneurship. Hence the Foundation introduced a 2-Year SEF to catalyze and broaden pathways for Scholars in an environment of shrinking formal employment.
This fund will be administered by FAWE and will solely support viable Scholars’ projects that have capacity to address the needs of the community and in turn lead to improved socio-economic status. The funds will be disbursed in three installments and will not cover 100% of the selected applicants’ project costs. To be eligible for the fund one must be a FAWE-MCF ongoing Scholar or a MCF Scholars alumni submit applications either individually or in small groups of 5 members (maximum 2 tertiary level non-scholars).
This Fund has the following objectives:
- To expand capacity of Scholars to exercise transformative leadership and giveback.
- To Support viable Scholars’ projects.
- To document lessons on the significance of developing and financing youth entrepreneurship.
Vice Chancellor of INES-Ruhengeri, Fr. Dr Fabien HAGENIMANA explained already initiated entrepreneurship programs at INES-Ruhengeri like INES Business Incubation Center (INES BIC) and African-German Entrepreneurship Academy (AGEA) which will also facilitate and boost entrepreneurship among INES students.
“FAWE has developed various gender-responsive interventions and has implemented them in different African countries to demonstrate what works in promoting gender equity and equality in education.” Said Gabriel Waithaka Programme Officer at FAWE (at Regional Secretariat in Nairobi, Kenya)