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Nepalese Young Entrepreneurs

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Milan Marg, Teku, Kathmandu, Nepal. Tel: 4262061,4266889, ... Beauty Parlor. Ms. Nanu Kunwar- Balumbhu. 4. 25000.00. Tailoring. Mr. Narayan Pariyaar Jawalakhel ... – PowerPoint PPT presentation

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Title: Nepalese Young Entrepreneurs


1
Nepalese Young Entrepreneurs Forum (NYEF)
  • P.0. Box 269Panchali Shahid Shukra FNCCIMilan
    Marg, Teku, Kathmandu, NepalTel
    4262061,4266889,4262218Fax 4262007,
    4261022E-mail nyef_at_fncci.orgURL
    www.nyef.org.np

2
The Organization
  • A membership based non profit organization
  • Established on September 26, 2003
  • Promoted by the Federation of Nepalese Chambers
    of Commerce and Industry(FNCCI)
  • Aim of creating outstanding entrepreneurs through
    fellowships, idea exchange, trainings and
    advocacy among the Nepali Youth

3
Our Vision
  • Empowering Positive Business Thinking

4
Objectives
  • Help young entrepreneurs in Nepal build fruitful
    and productive business networks and links among
    one another.
  • Facilitate exchange of experience in the
    different ways of building business and
    investment relations among young entrepreneurs.
  • Educate entrepreneurs about technology and build
    an innovative spirit among them.
  • Identify and execute strategies and actions to
    promote the emergence of socially responsible
    entrepreneurs.
  • Provide advisory services in the formulation and
    execution of business/industrial, and youth
    related policies, acts and programmes.

5
Membership
  • NYEF is open to all Nepalese between the ages of
    18 to 35 with a clear interest in the
    entrepreneurial development and growth in the
    nation

6
Organizational Structure
  • Executive Committee Members
  • ?
  • Co Founders
  • ?
  • General Members

7
Activities
  • Organize capacity building programs, trainings,
    seminars, interaction programs, conferences for
    the members
  • Arrange business trips, project tours,
    internships and other practical experience
    gaining programs for members
  • Formulation of National Youth Policy

8
Projects
9
Nepal Youth Business Initiative
  • Modeled after the Prince of Wales Youth Business
    International (YBI) in UK
  • Mission is to be a National leader in helping
    disadvantaged young people become entrepreneurs.
  • Provide finance loan from Nrs. 50,000.00 Nrs.
    75,000.00 and a Mentor/Business Advisor
  • No collaterals required

10
Peace Campaign
  • Initiated the national peace symbol on 27th June
    2004
  • Motto Nepali ko Chahana, Shanti ko Sthaphana
  • Mission To create awareness and to motivate the
    Nepali people, not to give up hope of seeing a
    peaceful Nepal in the near future and also to
    serve as a continuous reminder for the need of
    peace in Nepal and to work toward Peace even on
    individual/collective capacities.

11
Peace Campaign
12
Education Beyond
  • Mission Imparting quality education through
    practical learning
  • To maintain the quality in the traditional
    education system and to equip the students with
    hands on experince of corporate culture and
    realistic ways of learning.
  • To provide scholarships and sponsorships to the
    efficient and outstanding but financially
    challenged students

13
Association of Youth Organizations Network (AYON)
  • An umbrella organization for Youth Organizations
    in Nepal
  • Platform for collaboration, resource sharing and
    collective endeavor between Youth Organizations
    in Nepal.
  • NYEF is one of the founding members and taking
    the lead in AYON from the business sector
  • .

14
Young Achievers Award (YAA)
  • A tribute to the efforts, achievements and
    contribution of the young generation to the
    society
  • Encouragement, exposure and support to the young
    people to come up with own innovative idea in any
    field.
  • Direct the younger population of the country
    towards positive attitudes.
  • NRN involvement in this project as we also plan
    to recognize outstanding NRN youth in this event

15
NYEF Biratnagar Chapter
Chapters
  • Established on 21 September, 2004
  • Supported by Chamber of Industries Morang
  • (CIM), Biratnagar
  • 26 Members
  • Pokhara and Birgunj Chapters in the
    pipeline

16
Future Plans
  • Establish greater cooperation with similar youth
    organizations worldwide
  • Expand its networking nationwide
  • Organize conferences and exchange programmes with
    leading youth chambers in other countries
  • Launch other initiatives to help young
    entrepreneurs to gain better insight into the
    prospective key business sectors of the future.

17
Youth Unemployment
  • Currently over 300 million unemployed youth (18 -
    35 years) in Asia

18
The Challenge
19
  • Introducing

Youth Entrepreneurship Program
20
Introduction
  • Modeled after the Prince of Wales Youth Business
    International (YBI) in UK
  • Promoted by NYEF (Nepalese Young Entrepreneurs
    Forum) and FNCCI ( Federation of Nepalese
    Chambers of Commerce and Industry
  • Mission is to be a National leader in helping
    disadvantaged young people become entrepreneurs.

21
Objectives
  • To assist disadvantaged youth to develop their
    viable business ideas to enterprise
  • To develop capacity and skills of youth to make
    them able to sustain in an employment oriented
    job environment
  • To reduce unemployment gaps by promoting
    entrepreneurship along with innovation and
    leadership

22
Philosophy
  • Making Entrepreneurs Through

MARKETING NETWORKING
TRAINING MENTORING
SEED CAPITAL COUNSELLING
23
How do we start?
Appoint Trustees
Obtain Initial Fund
Appoint Other Committees
Evaluate pilot program and adjust model
Roll out initiative
Run pilot program
24
Whom do we help?
  • Young People (18 - 35 Yrs.)
  • Disadvantaged - No Alternate Resources
  • Viable Business Idea
  • Will to Succeed

25
What NYBI Provides?
  • Finance
  • Loan from Nrs. 50,000.00 Nrs.

    75,000.00

Mentor Business Advisor
26
Why Loans? Not Grants?
Banks
Require collateral Require track record
Grants
Limited funds Usually adult only Requires peer
group
Rarely available
27
How to become an Entrepreneur
NYBI
Curriculum Skills training Careers
advice Business planning
Banks Micro-credit Enterprise Support
No Experience No Assets
28
NYBI process flow
Outreach
Other career choice
Initial meeting
Business plan
Panel interview
Training
Access to finance
Allocation of mentor
Business support
Monitoring
29
Program Structure
Trustees
Advisory Panel
Local Board other committees
Management Team
30
The Committees
  • Trustees
  • Boards and Panels
  • Entrepreneurs Advisory Panels(EAP)
  • Entrepreneurs Selection Panel (ESP)
  • Mentors Advisory Panel (MAP)

31
Mentoring Models
One on one - Urban
Mentor Clinics - Rural
32
The Process
NYBI approaches potential individuals
Helps in Initial Business plan
Technical Evaluation
Loan and Mentor Allocation
Selection Interviews
33
Who Supports NYBI?
  • Corporate
  • Multi National
  • SMEs (Associations)
  • e.g. NGOs Educational Institutions
  • Business Individuals/ Angels

34
NYBI Entrepreneurs
S.No Name of the entrepreneur Area Project Loan Allocated Nrs.
1. Ms. Jane Dali - Maruhitti Pickle Production 75,000.00
2. Ms. Aparna Rajbhandari Chakrapath Titaura Production 1,00,000.00
3. Mr. Rajendra Maharjan Balumbhu Mushroom Production 1,00,000.00
4. Ms. Nanu Kunwar- Balumbhu Beauty Parlor 50,000.00
5. Mr. Narayan Pariyaar Jawalakhel Tailoring 25000.00
6. Mr. Bil Bahadur Shrestha Balambu Medical Pathology 75,000.00
35
NYBI Fundraising Event
  • Corporate Go-Karting Event 2005

36
  • FUNDS RAISED BY EVENT
  • NRs 5 LAKHS
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