Privide long term finance to third level students in approved programs of study.
The competition is only open to people between 18-34 years-old and resident in UK, Ireland, Sweden, Denmark or the Netherlands. Does this apply to you
Country of residence of entrepreneur
Tell us about your personal background. Why are you passionate about this issue? Making an idea a reality takes innovation, dedication and strong leadership. Do you have the necessary entrepreneurial skills to realize your vision?
I am a student offinance and economics. Every day I see students barley able to afford to eat so they can go to college, everyweek I hear of people dropping out because their parents can't afford it. If students get the finance to help them along they can in return help other students in the fiture.
About Your Organization
Ireland, DB, Dublin
Country where this project is creating social impact
Ireland, XX, Dublin
Is your organization a
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The Need: What problem are you trying to solve?
I am trying to solve the problem of lack of funding for third lever students.
The Solution: What is your solution? Be specific!
Long terms loans to students who study at approved third level colleges and who are studying an approved program.
The Model: Walk us through a specific example of how your solution makes a difference; include your primary activities
Money, Money, Money. If the students have no money then they can not stay in college and better themselves
The Marketplace: Who are your peers and competitors? Identify others also working to address the needs you are and what differentiates you from them. What challenges could these players pose to your success or growth?
There arent any.
Select the stage that best applies to your business
Operating for less than a year
This Entry is about (Issues)
What is the social impact you have had to date and how you measure it?
To date there has been no social impact as we are just starting off
What barriers might hinder the success of your business? How do you plan to overcome them?
The main barrier to success will be funding. We will need quite a large amount of funding to get the business started. I plan to overcome them by either getting government grants and bank loans or by using personal resources and grow the business from a very small one with small loans to a much larger one with larger loans avaliable for students
How does your model address financial, social, and environmental sustainability?
Services will be charged for but at a low rate of intrest. The only reason for the intrest charges are to cover costs and to make a provision for bad debts. As long as we are able to financially secure the business for the first few years then long term sustainability will be easier
Awareness & learning
How do you see social entrepreneurship contributing to the improvement of developing countries?
Social entreprenurs are the only way that developing countries can improve. They will drive the contries to have more educaion and more jobs.
What aspects of your stay in Uganda as part of the competition do you think you will find most challenging and rewarding?
I dont know.