Young activist dangles K0.5 million for start-ups

Young activist dangles K0.5 million for start-ups

Post was last updated: August 21, 2020

MPHANDE—We c a n
do something about our common problems

Pemphero Mphande, an activist and 2019 Member of Parliament contestant for Blantyre City South Constituency, has initiated a project to fund an underprivileged business-person with a K500,000 capital.

The aim of the project, according to Mphande, is to help a lucrative and innovative start-up enterprise.

Through the initiative, business minded youths, aged between 18 and 29, are required to send a brief write up detailing their full name as owner of the business, location of the business, the type and stage of the business and a well-detailed explanation of how they will benefit from the money.

Mphande, who in 2018 led the protest against the erection of Mahatma Gandhi’s statue at the Queen Elizabeth II Central Hospital Roundabout at Ginnery Corner in Blantyre, says he was motivated by the thought of challenging the idea that Malawians always have to wait for donors to solve their problem.

“I wanted to lead the way in showing that we can do something about our common problems. If Malawians can contribute smaller amounts, we could support someone vulnerable and create a job. This is what made me start this initiative and I hope we can do more,” he said.

Mphande conducted a fundraiser where he pledged K50, 000 before reaching the K500,000 goal through the help of other well-wishers.

The fundraiser was launched in June this year and the landmark was reached earlier this month.

Its Project’s Manager, Brian Chumbi, expressed his gratitude towards well-wishers who contributed to the cause.

“The project was made possible thanks to all the selfless well-wishers who made contributions. We are hearing amazing business ideas from at a lot of entries across Malawi and we have put together five experienced young people in different fields who will be judges of the best feasible business idea. The winner of the project will be announced mid-September this year,” Chumbi said.

He further pointed out that about 500 young Malawians have applied for the initiative which has a few criteria including a business idea that is in its start-up phase of at least one to two years running; and must be innovative and profit-driven to create more jobs for Malawians.

Source Link

Let us know what you think of this article and remember to add us on our facebook and follow us on our twitter. Come back daily for more Malawi business news.

Quick Links: Download Business eBooks | Ten Signs You Are An Entrepreneur | What is a Managing Director?