I.C.T. center for young entrepreneurs

Cornelius Nartey

Prampram, Ghana

21% repaid

Entrepreneur

Name

Cornelius Nartey

Member since

December 2013

On-time repayments

383 installments  •  17%

About Me

I am involved in designing and providing support to young entrepreneurs. I developed interest in this work when I join a community development organisation in2003. I was inspired by the sincerity and enthusiasm of the leaders as they worked passionately to drive away poverty, diseases and corruption from Ghanaian communities. Whatever attracted me to this organisation must have a lot other volunteers from near and far. Their project teams are always composed of volunteers from different continents. They operate from a small rented office for headquarters and prefer to partner local community centers in setting up their numerous field offices.

My Business

Currently, I spend part of my day working for a non-profit I lead. The rest of the time I engage in some income generating activity - that invariably try to address certain needs.

For instance, in order to contribute to efforts aimed at alleviating the effects of water shortage in my community (which forms part MDG 7), I used my first and second loans to improve a water supply business, I started last year.

In this business, I store and supply pipe-borne water to needy families. I assist families that cannot afford water tanks and can have only a limited a quantity of water at a time. During shortages, these families have to resort to water that often comes from open holes dug in the sand of dry riverbeds, and it is invariably contaminated.
This business provides them with clean, safe water anytime, whether there is a shortage or not

Loan Proposal

With this loan, I would like to support young entreprenuers by setting up an ICT Center. Small businesses are important for poverty reduction yet most communities in Ghana lack the infrastructure to educate and enrich the lives of their young entrepreneurs. In particular, entrepreneurs lack the opportunity to obtain affordable Internet access and computer equipment to facilitate access to technologically-enhanced learning and entrepreneurial support that enables them to learn new business concepts, new technologies and gain prospects for their existing business. There are no or fewer libraries and existing libraries do not offer internet access nor updated books.

This makes ICT and knowledge access very expensive for the poor business owner. The ICT Center would facilitate news and information that will benefit entrepreneurs; education and training (including apprenticeship, self-study and the incorporation of the value of self-employment) among young people from low-income families; linkages, networking, online coaching and mentoring especially for the youth by training them in business and technology skills, basic economics and micro-finance among others.

50% percent of the loan amount would be used to acquire a rented place for the center. I would add my savings to the remaining loan to buy computer equipment and learning materials like books and CD ROMS. Income from the project would come from fees.

Feedback

5

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,592.25

Date disbursed

Sep 8, 2014

Repayment status

Late

Projected term

83 months

Cost to entrepreneur

Lender interest: $1,592.25 at 5.81% annual rate over 83 months = $638.67

Service fee: $279.17

Lenders

joerg

Berlin, Germany

G

GalantnostS

Hong Kong, Hong Kong

KYLE LARSON

Little Falls, United States

C

chkuo

Taipei, Taiwan

nicole

Worcester, Ma, United States

Rdcmole

Cincinnati, United States

ErikN

Stockholm, Sweden

J

jjonas

berlin, Germany

F

florian

Mettmenstetten, Switzerland

G

graememoss

Amsterdam, Netherlands

gbnbca

Janeville, Canada

A

aiban

Austin, United States

M

Mårten

Inden, Switzerland

Levanticus

Epsom, United Kingdom

juliemartha

Lake Mary, United States

ads68

Melbourne, Australia

H

halisi

assenede, Belgium

DT

Dru Tarr

Gloucester, United States

davidt

San Francisco, United States

Bobrm2k3

Charleston, United States

calvero

Bergen, Norway

joaoferraz

RINCHOA, Portugal

Jason

Auckland, New Zealand

Hedwich

Gorssel, Netherlands

W

WinWinNL

The Hague, Netherlands

jan73

Eugene, United States

Sarasota

Sarasota, Fl, United States

E

Evanstia

Lakewood, United States

A

Anonymous

United Kingdom

Matthieu

Switzerland, France

xtrahardware

Cazenovia, United States

markpearson

Portsmouth, United Kingdom

J

jonastang

Hong Kong, Hong Kong

G

GreenMoney

Lahr, Germany

mole333

Brooklyn, United States

T

thebonseung

Republic of Korea

Z

zvrk2014

Brookline, MA, United States

pvilliger

Zurich, Switzerland

W

wiwillia

Milbrae, United States

KrautFunding

Hamburg, Germany

R

roozbeh

United States

Jonas

Brussels, Belgium

WhyPeace

United States

A

Ansgar

Australia

M

Michi

Switzerland

Pankratio

EastVan, Canada

L

LongXIE

Singapore

Vesa

Helsinki, Finland

Sputnik

Switzerland

J

jdelaporte

United States

Loungin

United States

Mikers

Netherlands

E

enigmatic

United Kingdom

M

MikeOWave

United States

Vitus

Czech Republic

MICROMZ

Matola, Mozambique

P

pdm083

United States

E

Estebanito

United States

H

happyhappy

Switzerland

A

adamdreaming

United States

S

ship_tit

United States

H

hoyeay

Dallas, United States

LouisB

ZIDISHA, Mozambique

Ask Cornelius a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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