Rwanda’s Junior Chamber International (JCI) organizers for Terimbere Business Plan Competition have advised the youth to continue sending their business proposals before end of August.
The business competition which was initiated by the JIC- Rwanda Chapter in collaboration with stakeholders aims at promoting private entrepreneurship, with emphasis on business proposals showing viable employment opportunities.
According to Fabrice Shema Ngoga, the JCI World Assign in charge of Africa and Middle-East, the business proposals show a reasonable sustainability for at least more than three years.
He explains that application forms are currently available from JCI’s website www.jci/cc/local/rwanda then the filled forms can be sent to terimberechallenge@gmail.com.
He, however, explained to igihe.com that applications will be obtained from those that want to improve their business ventures and those willing to start new viable ones and that those interested are only allowed to send one business proposal.
“Even those who are in groups will be required to nominate a representative who will defend their single business plan,” he stressed.
JCI’s executive secretary in Rwanda, Albert Nzamukwereka was quick to clarify on how the selection process will be conducted: “Those nominated will be taught how to professionally write business proposals by mentors that will also advise on the execution process,”.
After the second phase, all nominees will defend their business proposals before a panel of judges most of whom are foreigners.
Applicants are therefore obliged to draft their proposals in international renowned languages such as French and English.
Ngoga also pointed out that those in the second phase have high chances of proceeding with their business whether they are chosen or not since at that stage their proposals will be financially viable to attract credits from banks.
The winners at the competitions will be given loans ranging from US$ 5,000 to US$1 million.
“Some amount will also be given to winners as an appreciation.” Ngoga said without specifying the amount.
JCI is an international business initiative that currently has a membership of 200,000 people from 120 countries.
Members are composed of young entrepreneurs, professionals and university students who are ambitious towards improving their lives and the community at large.
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