Young Women Entrepreneurship Support Project

Republic of Cabo Verde

Amount: € 242,606.00

Overview

The Employment and Vocational Training Institute (IEFP), provided skills training and business support to young women from The Republic of Cabo Verde. The primary beneficiaries of the project were unemployed, young graduates who aspire to build upon their existing capacities but lacked proper access to training, technical assistance and financing. The project started with the IEFP holding a training of trainer’s workshop in order to develop the institutional capacity of the IEFP. Business and vocational skills training was then provided to 75 young women.

This training followed the International Labour Organisations (ILO) GERME methodology, which focuses on developing small businesses within emerging market economies. 60 graduates received assistance with creating/developing small business enterprises. 22 of the graduates who submitted business plans received funding by the IEFP and the Cabo Verde Women’s Association (OMCV) credit fund to establish their own businesses. Furthermore, the IEFP facilitated the establishment of a business incubator in São Vicente, which provided technical assistance and other support services for start-ups run by young women.

Key results

• IEFP empowered 75 unemployed young women from the Republic of Cabo Verde. provided through skills training and business support.
• Sixty (60) graduates received assistance with developing small business enterprises. Twenty-two (22) of the graduates received funding to establish their own businesses. IEFP established a business incubator center for start-ups run by young women at San Vincent.