. . . . Centre for Financial Literacy & Entrepreneurship Development

Objectives

The aim of CEFLED’s Financial Literacy and Entrepreneurship Development Programme is to contribute to poverty reduction through entrepreneurship development with a focus on skill development. The essential elements in this Programme are to create awareness, knowledge, entrepreneurial skills and business environment that encourage the initiatives of youth and women entrepreneurs and to enhance the human and institutional capacities required to foster entrepreneurial dynamism and enhance productivity.

Approach

CEFLED team thinks that entrepreneurship opportunities are not generated by external intervention but they arise from markets and entrepreneurial capabilities. So, this NGO is aimed to enable youth and women entrepreneurs to take advantage of market opportunities. Micro and small-scale enterprises are manageable by people and can generate income opportunities in relatively poorly developed areas and require small capital and little sophisticated managerial and technical skills. Small units are also the base for a broad development of the employment generation sector for the economic and social development at the grassroots. CEFLED is working on programmes to enhance youth and women entrepreneurs that are the driving force for growth of society. It is making and improving youth and women capabilities and provideing knowledge and awareness to create conditions for entrepreneurship to flourish in required areas.

Programmes focus on
• Strengthening the public administration to make the regulatory and administrative environment more conducive for youth and women entrepreneurs.
• Human resource development for increased competitive entrepreneurship, technology absorbing people’s capacities and control over asset management.
• Development of the policy advocacy and the collective self-help capacities for entrepreneurs.

Aims of the Programmes
• Improve business performance of units owned by rural and women entrepreneurs.
• Increase transformation of units from the informal to the formal sector.
• Increase number of start-ups leading to increased income and employment opportunities in rural areas and particularly for women.