Loomba BAT Project:
Because of child marriage, and marriages to older man, in Bangladesh, many widows remain young. These young widows experience tremendous psychological and social brutality in the name of social rules and norms. When their children get into the equation then the misery and deprivation they face is indescribable. With an almost total lack of state support and widespread social discrimination, a widow and her family often have no way to support themselves. They often forced to work to support the family. A cycle of deprivation is created from which it is nearly impossible to escape. Some leaves their home with their orphans boys and girls.
With the support of The Loomba Trust and British Asian Trust, B’Yeah run this project in 2009-2010 to break this cycle, through direct assistance to start their own business and a continuing campaign to raise awareness about what is, unfortunately still a relatively low-profile issue. Amena Begum is one of the Beneficiary of the project who won the Journey to Enterprise Award form YBI, London, UK in 2011.
Young Women Entrepreneurship Development:
Each year in Bangladesh, around 2.7 million young people join in the work force but due to unavailability of sufficient work only 0.7 million get job and other remain unemployed. To being an enterprise might be a solution but due to lack of proper guidance, lack of access to finance, lack of proper business knowledge young people especially women face huge challenge to be an entrepreneur. To address this needs Youth Women Entrepreneurship Development (YWED) project was launched with a view to develop 20 young women entrepreneurs to create 20 young-owned enterprises which shall create employment opportunity for another 100 disadvantaged youths.
July 2013 to Dec 2014, during this period of project implementation YWED identified potential young entrepreneur, trained them, provided technical support to develop business plans and businesses; one to one coaching though mentors and facilitated finance from commercial bank.
Finally 21 young women have trained as entrepreneur, 20 of them have set up 20 young-owned enterprises which have created 86 employment opportunity. 05 entrepreneurs have received bank loan already and others are on progress. 19 socially committed mentors have been trained and providing support to young entrepreneurs. Nipa Akter is one of the beneficiaries of this project who is now running her own business of Motorcycle grip making, employing 8 people.
Youth Micro-Enterprise Development:
To address the needs entrepreneurship development, YMED project is developed with objectives that 200 youth entrepreneur shall set up 200 enterprise that would create the self-employment of 200 youth as well as employment opportunity other 800 youths. Due to unavailability of fund the project came to an end in June 2015.
Since its inception, a total number of 237 youths have been oriented on the approach of YMED towards youth entrepreneurship development. And out of this 237 youths, 52 youths have been registered with YMED. Among these 52, 23 youths have been provided basic entrepreneurship training and technical support to prepare their own business plan and 20 of them finally prepared their business plan and oriented with financial institute to access loan.
It is shown that a combination of training, coaching and mentoring can help youth people to turn their business idea into a business plan and business plan gives them confidence to set up their enterprises.
After getting support from this project Ziaur Rahman, is now running his mobile servicing shop more efficiently.
Turning Job seeker into Job creators in Bangladesh:
Currently B’Yeah is implementing a project titled “Turning Job seekers into Job Creators in Bangladesh” Supporting 300 underserved young entrepreneurs with pioneering business ideas through a market-based holistic support package, including training (375 trainees), business plan consultancy, access to finance and innovative mentoring models, enabling them to start and grow sustainable businesses, creating jobs for 750 others, thereby enhancing quality of life of 1,050 disadvantaged young people.