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STRATHMORE UNIVERSITY Students In Free Enterprise 26 th May 2007

STRATHMORE UNIVERSITY Students In Free Enterprise 26 th May 2007. Front View of Strathmore University. About Strathmore University. Located in Madaraka Estate along Ole Sangale Road Founded in 1961 as an O level college Established as a University in August 2002

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STRATHMORE UNIVERSITY Students In Free Enterprise 26 th May 2007

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  1. STRATHMORE UNIVERSITY Students In Free Enterprise 26th May 2007

  2. Front View of Strathmore University

  3. About Strathmore University • Located in Madaraka Estate along Ole Sangale Road • Founded in 1961 as an O level college • Established as a University in August 2002 • Student Population – 5,100

  4. About Strathmore University • Studies: - Faculty of Commerce - Faculty of Information Technology - School of Accountancy - Institute of Humanities & Development Studies - Institute of Administration & Management - Strathmore Business School

  5. About Strathmore SIFE • Launched in March 2004 • Population of Strathmore SIFE students: - 2005 – 26 students - 2005 – 45 students - 2006 – 32 students -2007 - 60 students • Strathmore University Club of the Year 2005,2006

  6. Strathmore SIFE Projects 2007 • Mawingu • Jiendeleze • Faulu • Ngumbato “Vedette” TOTAL HOURS: 1433 PEOPLE IMPACTED: 2579

  7. MAWINGU A STRONG FOUNDATION TO THE SKY

  8. Mawingu Youth Empowerment Initiative(MYEI). Project ISSA. Initiative for Sports and Social Arts

  9. Brief Introduction • ISSA- Initiative for Sports and Social Arts • Membership of 35 • Based in Kibera (Laini Saba) • Sensitize the youth on social matters such as HIV/AIDS

  10. Preliminary visit They needed: 1. book keeping skills 2. computer skills 3. organizational skills for organizing their projects 4. Business running skills such as writing business plans and proposal

  11. Proposed ISSA projects • Information and Technology Centre; however they lacked computers • Mr. and Miss. Kibera beauty Pageant. Lacked organizing skills.

  12. Proposed ISSA Projects • Theatre production: some have engaged in an educational play about social vices like corruption and crimes but needed to advertise their plays better • Art and Craft work: some members have made traditional ornaments like anklets, bangles and traditional sisal skirts

  13. Our objectives They needed: 1. book keeping skills 2. computer skills 3. organizational skills for organizing their projects 4. Business running skills such as writing business plans and proposal

  14. A MODEL SHOWING A SUIT MADE BY ISSA

  15. Proposed plan We carried out our objectives in three phases First phase • Taught organizational skills for the upcoming Beauty pageant which was a success • Helped to refine business plan proposals which we submitted to potential partners

  16. Second phase Business running skills. We taught • Economies of scale • Customer relationship • Offering quality products for sale

  17. Class in progress

  18. Third phase • We taught book-keeping • Taught how to prepare and interpret simple income statements and maintaining a cashbook • We helped ISSA prepare a proposal t PC for Africa and with this PC for Africa donated 25 computers.

  19. Project Partners • Maji na Ufanisi • Haco industries • Umande Trust • Pamoja Trust • PC for Africa • Strathmore University

  20. IMPACT • The ICT centre is operational – Some of the ISSA are training MS Office packages. • The Mr. and Mrs. Kibera beauty pageant had 10 participants. It was well attended by about1200 Kibera youth thus achieved its purpose of creating awareness on HIV/AIDS.

  21. KIBERA BEAUTY PAGEANT

  22. IMPACT… • The theatre is fully operational with members making a profit of Ksh 9500 per month which they plough back into the business • They have found a potential market for their art & craft work which they generate revenue of Ksh 5500 per month on using easy to find raw materials

  23. Project Analysis

  24. Project analysis

  25. Project analysis

  26. Future plans • Expand the IT centre • Open new shops for the Art and Craft • This years Beauty Pageant • Expand theatre production • Establishing a website for ISSA

  27. “JIENDELEZE”

  28. Our Objectives….. • Instill a vibrant entrepreneurship culture among SIFE members • Provide practical mentorship & modeling of entrepreneurship • Inform on the opportunities that lie in entrepreneurship

  29. Project layout…. Practical mentorship through interacting with Successful Entrepreneurs !! “Some things are better experienced than told”

  30. Esther Passaris-MD Adopt-A-Light The Light in An entrepreneurs hands!!!

  31. Patience Nyaoga-MD Tintoria Executive Dry Cleaners & Laundry The resilience of an entrepreneur

  32. JonWagner-MD Java Coffee house “Building A Successful Enterprise”

  33. Dr Catherine Masitsa- Samantha Bridal &Going Out Magazines • An entrepreneurs best asset…your mind!!!

  34. Smart Investing 2007 conference 3rd Mar 07 FEED STRATHMORE UNIVERSITY STUDENTS IN FREE ENTERPRISE Forum for Economic & Entrepreneurship Development “…Nurturing Entrepreneurship & Economic Growth”

  35. Bob Karina- MD Faida Securities Ltd.-The Entrepreneur’s Mindset..

  36. Kariuki Kariuki-CEO,Arise Africa Investments Why invest in the stock exchange

  37. Patrick Maina – Advocate, CEO-Legal Research & Advisory Center Legal Aspects of Investing:

  38. Polycarp Ngoje-Executive Director-Academy of Savvy Investors Qualitative & Quantitative Analysis of stocks

  39. Fred Mweni – MD, Tsavo Securities Ltd The process of buying and selling Shares

  40. Impact of Jiendeleze Investments in the Stock Market Members have invested in the Nairobi Stock Exchange Strathmore University Library: For continuous growth of entrepreneurship, We negotiated with The Librarian to have more Business publications in addition to newspapers.

  41. Financial post Students reading Financial Post

  42. My Business Magazine Strathmore Students reading “My business Magazine”

  43. Oxford University SAID Business school YBD Competition (Young Business Development)YBD 2007 competition is an international Business plan competition run by SAID Business School. Strathmore participated and 3 of them are part of the 38 Finalists from 17 Countries around the world.

  44. Business plan Competitions Opportunities aren't passing Strathmore members : Chora Bizna :www.believe-begin- become.com BID Network:http://bidnetwork.org

  45. Audience please Join Strathmore SIFE and ….“Jiendeleze” Note : www.believe-begin-become.com Http://bidnetwork.org Don’t be late!!!! Deadline is 31st May 2007!!

  46. Faulu

  47. Introduction • Faulu is Swahili word which means “To Succeed” • Target group: KAMSHEG • Project site: Kambi Muru in Kibera • Project Members:21

  48. PROJECT OVERVIEW Several business projects had been initiated which are • Simu ya Jamii • Waste Management • Play station Games • Dry Manure • Charcoal Selling • Salon and Barber Shop • CD writing

  49. PROJECT OVERVIEW CONT’D • No records were being kept. • The charcoal selling and the salon and barber shop businesses had been shut down • Simu ya Jamii, play station and waste management were businesses generating some revenue. • CD piracy was rampant.

  50. Objectives • Book keeping and accountability for finances • Business Analysis Techniques • Impart business ethics.

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