Dreams Come True

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Dreams Come True

Old Cairo, EgyptOld Cairo, Egypt
Year Founded:
2007
Project Stage:
Scaling
Budget: 
$10,000 - $50,000
Project Summary
Elevator Pitch

Concise Summary: Help us pitch this solution! Provide an explanation within 3-4 short sentences.

Train 25 marginalized women in impoverished community, to perform practical community needs assessment and identify a work venture that can solve one of identified needs. Women will be trained to run this work venture while receiveing a small start up grant and linked to microfinance institutions.

WHAT IF - Inspiration: Write one sentence that describes a way that your project dares to ask, "WHAT IF?"

What if Egyptian women can lead the economic development through transition period and turn Egypt to a developed country?
About Project

Problem: What problem is this project trying to address?

Young women don’t have access to business training programs, while they remain responsible for being heads of household. There is no dedicated institution that provides business mentoring for women that mentor them throughout the process of establishing a private business from the start-up till efficiently running their own business model. Business models are not tailored to meet an actual need within the community leading to business shut-down.

Solution: What is the proposed solution? Please be specific!

Provide 20-25 heads of household women with practical training that enable them of implementing community needs assessment, hence identifying a priority need that can be solved through establishing a small business venture. Women will then be mentored to work together to establish maximum two or three legal frame for the identified business and will receive a small start-up grant additionally they will be linked to microfinance institutions. Women will be mentored for three months after establishing the business to ensure the sustainability of the business, where they will receive practical trainings on business scaling, professional accounting, sales and marketing.
Impact: How does it Work

Example: Walk us through a specific example(s) of how this solution makes a difference; include its primary activities.

Fatma is a mother of two and is the head of household. She used to work as a house servant while being under paid. Fatma, joined Dreams Come True, and through the community needs assessment, she identified the need for garbage collection. Fatma invited her peer trainees to plan for a small plastic recycling project. Fatma, agreed with the local council unit that she can use a small part of the land beside garbage area where she will put her recycling machine. Her peer partners agreed with 100 neighbors that they will collect 10 EGP / month to remove the garbage which contributed to buying the recycling machine. Fatma made agreements with 3 companies to buy her recycled plastic, which granted the sustainability of her project.

Impact: What is the impact of the work to date? Also describe the projected future impact for the coming years.

25 young women will be enabled of sustainably running their own business venture with a great prospective to scale up their business. These women will create a successful business role model for other peers, inevitably leading to the creation of other successful women led business that directly respond to actual community needs. Meanwhile, community members will be practically informed about the ability of women to lead economic development and direct contribution for the power of solving community problems.
Sustainability

Financial Sustainability Plan: What is this solution’s plan to ensure financial sustainability?

Women trainees will be trained and mentored to utilize and mobilize community resources as to decrease the start-up cost. On the other hand local NGOs within the target community will be trained to use the same approach and curriculum so that it can be replicated with other women within the community.

Marketplace: Who else is addressing the problem outlined here? How does the proposed project differ from these approaches?

Currently, there are no mentoring programs dedicated for women economic empowerment throughout the business start-up phase as most of the mentorship programs ends by starting the business. While this program will depend on providing mentoring for women before and even after the business start-up, which will directly contribute to the sustainability and growth of this business.