What solution(s) does your initiative address to help emerging entrepreneurs and small businesses grow and thrive in underserved communities? (select all applicable)
Access to financing, Access to economic opportunity.
What has been the impact of your solution to date?
Until now, the projec DUHANGE has been appreciated by a lot of people. Since its launch in August 13th until now, duhange.com has more than 76.000 visitors in total. People do appreciate this project. Initially, it started being an online business news coverage and entrepreneurship promotion initiative and it has grown to more than this. After being contacted by people as mentioned above, we are developing a system of linking VCs and entrepreneurs
What is your projected impact over the next 1-3 years?
After seeing how the process is being undertaken, this project will impact more than 2000 people who will be benefiting from this project:
- More than 150 businesses will be started and employ more than 2,000 people.
- The project itself will be growing (Duhange) and provide jobs to more than 30 people in 2015 (after 3 years)
What barriers might hinder the success of your project? How do you plan to overcome them?
The first challenge that we might face is the access to a large population (linking the entrepreneurs located in the rural areas without access to internet and TV). In order to reach them, we shall use radios which air in the rural area of Rwanda.
Another challenge that can rise can be the fear of being stolen their ideas. In order to counter to this challenge of stealing ideas, we shall develop a system where just a basic idea will be displayed and not be able to be stolen through patenting. Through coaching also we shall promote self-confidence among entrepreneurs.
Winning entries present a strong plan for how they will achieve and track growth. Identify your six-month milestone for growing your impact
Establishing a strong network of VC - Entrepreneur (enhancing a strong platform)
Now think bigger! Identify your 12-month impact milestone
Expanding Duhange project to the entire to East African Region and include English and French