Leveraging technology to provide entrepreneurship education, financial literacy and access to capital.

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Presentation transcript:

Leveraging technology to provide entrepreneurship education, financial literacy and access to capital.

Socioeconomic Systematic Challenges Inclusion Low income entrepreneurs are trapped in the cycle of poverty and are left out of the economic development system Access Globally, low-income people have limited or no access to entrepreneurship education, mentorship, and capital Socioeconomic Systematic Challenges Cost/Scaling Entrepreneurship training costs ($4.5k/entrepreneur) limit providers to serve only 3% to 4% of the total market demand (28+ million small businesses in the US) Linkages Loan providers are looking for ways to connect to loan-ready borrowers and technical assistance providers are often disconnected from one-another

Nonprofits Entrepreneurs Creating tools for entrepreneurs Mobile App Workbook Train-the-trainer Nonprofits Providing workforce development services Workshops Bootcamps 1-on-1 Mentoring Entrepreneurs Low-income, minorities, women Fundable business plans Capital access Job creation

Centro Business Planning App

Create a Business Plan & Access Capital Micro-Loan Go through 25 activities to complete Business Plan

Latin America & Caribbean 12% in Africa, The Middle East and India 15,500+ downloads in 144 countries 54% in US and Canada 13% in Europe 8% in Asia Pacific 13% in Latin America & Caribbean 12% in Africa, The Middle East and India 1,700+ completed business plans

82% Increased Business Revenue 84% Reduced Expenses 76% Increased Savings 42% Created Jobs 16% Applied for a loan

Turnkey Curriculum & Facilitator Guide

Basic Entrepreneurship Education Suite Ready-to-use quality entrepreneurship education for organizations supporting aspiring and current small business owners who lack any business education or experience. CentroCommunity.org/Entrepreneurship-Suite

Free app & affordable support for providers Simple steps that anyone can follow Anyone with access to a mobile device Free app & affordable support for providers Connections to support & capital

Centro Business Planning App www.centro-mobile.org