Foundation Rwanda and KYBORA Partner to Empower Second-Generation Survivors
Foundation Rwanda and KYBORA, a leading global advisory firm and investment bank, have partnered to launch the Foundation Rwanda-KYBORA initiative which provides small business loans and comprehensive support to second-generation survivors in Rwanda, which Survivors Fund (SURF) is helping to deliver. This initiative aims to foster financial independence and entrepreneurship among this resilient community, enabling them to build successful businesses and contribute to Rwanda’s economic growth.
As part of this initiative, second-generation survivors like Paulin, a young entrepreneur with a video, ICT, and graphic design business, will have access to the capital and guidance they need to transform their aspirations into reality. Paulin’s story exemplifies the transformative potential of this program, highlighting the determination and entrepreneurial spirit that characterize Rwanda’s second-generation survivors.
“The training helped me learn how to create a high-level business proposal and manage my business more effectively.” – Paulin
Empowerment through Entrepreneurship
While vocational training courses are crucial for equipping students with the necessary knowledge and skills to earn a living, many still face hurdles in securing employment in Rwanda, particularly in rural areas, and lack the capital to launch their own enterprises. The initiative will encompass a holistic approach, providing not only financial assistance but also comprehensive training and mentorship to empower second-generation survivors to navigate the challenges of business ownership and achieve sustainable success.
KYBORA is happy to be able to help young men and women realize their dreams to become self-sufficient entrepreneurs,” said Alan Vanderborght, CEO of KYBORA. “Playing a part in developing a brighter future for these young individuals who have overcome so much in their lives is a great source of joy for all of us.”
Celebrating Their Children’s Success
The overwhelming joy extends to the mothers of these young people as well. Clarisse, a Foundation Rwanda mother, expressed her heartfelt gratitude for the project, emphasizing that it is a clear testament to Foundation Rwanda’s unwavering commitment to the well-being of their children. She is particularly pleased that her child is acquiring the skills necessary for future entrepreneurial endeavors. “This program alleviates our burdens as parents, allowing us to rest assured that we are not solely responsible for their care and development,” she remarked.
Providing Access to Capital for All
Emilienne Kambibi, Senior Counselor at Foundation Rwanda, remarked, “This program was conceived by second-generation survivors specifically for second-generation survivors, empowering them to care for their aging mothers and achieve self-sufficiency as they establish their own families. It takes an exceptional partner like KYBORA to comprehend the challenges these young people face and to respond to their aspirations and dreams by providing access to capital where conventional lenders are unwilling to venture.”
Be Part of the Change
The KYBORA Initiative is a shining example of how businesses and non-profits can work together to make a real difference in Rwanda. This holiday season, help us sponsor young, motivated second-generation survivors and entrepreneurs like Paulin so that we can expand the reach of this important initiative. There is still time to make your tax-deductible gift for 2023 if you are a US taxpayer! Your donation will provide life-changing support and business capital to second-generation survivors, enabling them to build their own futures.
With gratitude,
Jules, Sam, Emilienne, Raban, Kawera, David, Jonathan, Sara, Mike & Dan, Alan and Lucas
(The FR and KYBORA Team)
P.S. Foundation Rwanda have more creative ways to make an impact!
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About KYBORA
KYBORA is a global advisory firm and investment bank whose mission is to help life sciences companies achieve enduring success. We provide M&A, licensing, fundraising, and strategic consulting services to the global biotech industry, creating value for our clients worldwide. With offices in the US, Switzerland, and China, and a direct presence in all key biopharma markets around the world, KYBORA offers unparalleled global reach and local knowledge. Contact us to explore how we can help you address your most pressing challenges. www.kybora.com
