THE BIRTH OF ENTERPRISE INC IDEA
While the micro financial institutions, cooperatives (SACCOs) and development agencies are starting to realize their objectives of advancing affordable financing to small businesses, and catalyzing emergence of small enterprises respectively, they have been confronted with the challenge of delayed repayment and incidences of borrowers defaulting.
Development agencies have been frustrated by lack of sustainability of enterprises created through a number of income generating activities, village lending schemes, revolving funds or even free business start-up grants. This has led to the realization that while the youths were interested in doing business, they lacked the capacity to manage and sustain profitable businesses. There was evidence of lack of financial management and profit and loss computation. It was a correct assumption that increase in small business would attract commercial banks to invest in these enterprises, however, these businesses needs to be nurtured to succeed.
Enterprise Inc., Small Enterprise and Start-ups Incubation Initiative was inspired by this group of emerging informal small enterprises. Enterprise Inc. will provide a professionally managed one-stop center for Business advisory, training and Mentoring, financial literacy and business opportunity identification for emerging group of youth entrepreneurs to enhance their competitiveness. In the short run, it will serve existing businesses with business skills gap, while in the longer term Enterprise Inc. will mobilize and train over 1000 youth entrepreneurs in South Sudan. Target sectors include agribusiness, manufacturing, construction as well as preparing youths for the service industry.
Enterprise Inc. is a company founded to address the training and capacity building needs of South Sudanese Enterprises. In South Sudan, many youth business initiatives fail to break event partly because of lack of access to expansion capital but also hugely because of poor business skills, poor financial literacy and not getting the right business network. Enterprise Inc aims at breaking into this space and hope that more small businesses emerge and succeed and put the economy to its citizens. Increase in small enterprises increases jobs and gets rid of criminals in towns.