You want to start or expand your business...
..we offer you a range of services through our hand-holding staged approach
To develop a business an entrepreneur first needs to have an in-depth knowledge of the market, funding and labour requirements, pricing policy and an overall understanding of the business environment. The initial phase will therefore be to offer training in basic entrepreneurship skills. The target group would be both the youth from colleges, vocational training centres, universities and also mature professionals previously under formal or informal employment. I most cases the initial training would be provided through short workshops to cover the general issues of entrepreneurship and business planning.
Next step, we will select a few of the workshop participants who have a good business ides and seem serious about setting up an enterprise and enroll them into our core training modules on business skills planning and entrepreneurship.
At that point we will give potential entrepreneurs access to incubation facilities and assist them with the management of their business in terms of planning. This will ensure that their business is managed in a sustainable way and that their loans are properly serviced. After 2-3 years of incubation we will then allow them to set up their own facilities and we will continue assisting them on an arms length basis.
Our Services
Business Skills Training
A blended learning model through both classroom and e-learning training is offered depending on the size and requirements of the individual entrepreneurs,
Training will focus on business plan writing, managerial and financial skills, including book-keeping, accounting, cash-flow forecasts and planning but also marketing and product development.
The compilation of a detailed Business Plan will then be used to assist the entrepreneurs in accessing funding for their enterprise.
Incubation Facilities and Infrastructure
Finafrica offers in-house office structures for incubated enterprises to include computing, Internet, and telecommunication facilities, receptionist secretarial services (photocopying, printing, scanning and faxing) and meeting-conferencing facilities.
In the future we plan to have common production warehousing facilities for small scale manufacturing to enable entrepreneurs establish and develop their products up to a certain level of maturity.
Mentorship Services (Business Clinic)
Finafrica assists entrepreneurs in accessing loan funding through selected intermediary financial institutions,
Once funding has been contracted Finafrica would then provide support to entrepreneurs in supplying regular monthly management reports and updated cashflows to ensure continued debt service,
Finafrica would also assist entrepreneurs in the development of adequate product marketing strategies,
Assistance on use and application of IT-based tools.
