Promoting youth entrepreneurship in Lagos, Nigeria - SNHU ...

There was a reported percentage increase in youth run enterprise. The projection at the beginningwas 10 percent. But the projected recorded and increase of 16.31 percentPerformance Indicator Three: No. of youth receiving business counseling and businessdevelopment / advisory servicesIR 3.1: From the last quarter of 2009 until this quarter, an average of 12 youth were counseledout of 20 planned for each period and all were females indicating the project commitment tobusiness support services to the youth who may be having business challenges.IR 3.2: Number and percentage of youth-run small enterprises enhanced during accompanimentphase. A total of 7 old businesses were enhanced which resulted to the creation of 2 additionaljobs and a total of 5 new businesses created bringing the total to 12 new businesses out of 10IR 3.3 Number of businesses with improvement in business practices.The number of those keeping business records increased from 2 to 5, one business was registered,and 8 have their business cards, 5 started home services and lastly 11 of the youth entrepreneurscommenced the application of customer feedbacks to improve business operations. This resultalso indicates that 3 of those keeping records, 4 youth with business cards have increase inincome level.Performance Indicator Four: No. of Youth accessing start up finance from or outside thegroupIR 4.1: As a result of majority of youth involvement in industrial attachment, they were not ableto set up a ROSCA fund for members to access or to access any microfinance outside. Initially theproject planned supporting 10 youth for start- up finance.72