The Community Economic Development (CED) sector sets to expand markets, sustain growth and improve the standard of living for families and communities. There are three key areas to CED efforts: youth financial literacy and entrepreneurship, economic opportunities and money management. Target achievements for the next five years are as follows:
Youth Financial Literacy and Entrepreneurship
CED volunteers and their community counterparts will work with 8,640 youth in trainings, workshops, classes or one-on-one mentoring on topics such as feasibility studies, business planning, experiential business models or simulations or other methods to increase revenue to income through business activities. Youth will demonstrate improved financial literacy skills to increase their economic security.
CED volunteers will train and coach 850 individuals to use their entrepreneurial skills to create or expand business activities by conducting feasibility studies, develop business plans, set up and manage their businesses and register businesses where appropriate.
Volunteers will work with 544 individuals to create or diversify income generating activities by selecting or diversifying income generating activities (IGAs), conduct market/feasibility studies, set up and manage their IGAs, determine the profitability of their IGA and provide good customer service.
Volunteers and their community partners will train and coach 1,020 small business owners in business management skills, including planning, operations, customer service, negotiation and financial management.
Furthermore volunteers and community partners will help 489 individuals to increase their awareness of savings and credit options and terms, to form and manage savings-led microfinance associations or clubs to determine the amount of business capital needed and the loan amount that they can afford to conduct financial negotiations with confidence.
CED volunteers and their community partners will train and coach 1,595 individuals in financial literacy, assist people to make personal budgets and savings plans and raise awareness of savings and credit options and terms.
To see volunteer projects click here.
To see the CED Resources Dropbox, click here.