Presentation on theme: "Faith. Action. Results. Results and Lessons Learned Ti Biznis With generous support from:"— Presentation transcript:
Faith. Action. Results. Results and Lessons Learned Ti Biznis With generous support from:
Faith. Action. Results. Agenda Ti Biznis Project Overview Selection Criteria and Baseline information Selected end line results Business investment by entrepreneurs Profit by type of business Use of profit Lessons Learned and Recommendations Questions and Comments
Faith. Action. Results. Ti Biznis: 2 years, 600 entrepreneurs, 5 zones Training Health Insurance Bank accounts Recapitalization Continuing Peer Group Support Human capital: Week-long business skills ‘boot camp’, focusing on marketing, accounting, budgeting and entrepreneurship skills as well as how to conduct a market study and formulate a business plan; Financial capital: Recapitalization grant of 20,000 gourdes ($500); Social capital: 6 months of accompaniment visits by CRS and local partner animators and 2 Ti Biznis foires to promote the work of entrepreneurs to larger markets; Social safety nets: Provision of 6 months of DASH health insurance and recapitalization grants through personal bank account;
Faith. Action. Results. Which Ti Biznis? Selection Process: Community Plenaries Pre-identification survey and scoring Verification visit based on score Final selection by program team Already had an existing business96% Female entrepreneurs63% Regularly use of an accounting book for their business36% Employment of at least one additional employee43% Previously received a cash transfer53% Profile of the 600 Ti Biznis entrepreneurs
Selected Results 80% of these entrepreneurs still had their business during the end line data collection; HTG 28,809 ($654) average total profit for all 600 entrepreneurs; 1.1 average jobs created per entrepreneur, but ranged, based on seasonal needs, to a total of 3,040 jobs created; 87% of entrepreneurs who had debts before the Ti Biznis program, reportedly paid all or most of the balance of their debt; 82% of entrepreneurs are now interested in a formal loan;
Types of Businesses Food products, textiles, artisanal, beauty salons, restaurants, and food transformation were the most popular types of businesses among entrepreneurs.
Faith. Action. Results. Average Profit by Type of Business Photocopies, food products, individual soft drinks, pharmacies, restaurants, photo studios and cyber cafes were the most profitable types of businesses among entrepreneurs.