Guiding Businesses through COVID-19
Listen to testimonies from our entrepreneurs about what ONOW is doing with Youth Business International's Rapid Response Recovery Programme, funded by Google.org, to support struggling small businesses during the COVID-19 crisis.
Why Southeast Asia?
Southeast Asia is a region with over 1 billion people, bordering 3 billion in India and China. SE Asia is young with 34% of the population under the age of 25. The ethnic diversity of the region is both a challenge and potentially its greatest asset. Young people are mobile, pushing the frontiers of culture, business and technology. The people are taking action to advance their own lives as well as build up their nations.
Vast differences exist in the quality of life between countries, yet the considerable mobility between nations leads to clear econoimc class differences.
Lack of Capital
Those who want to start businesses are held back by a lack of access to cash. Some loan sharks and pawn shops even charge usurious rates of upwards of 40% interest per month.
Though most in the region value education, migrant and rural populations in SE Asia continue to lag behind the education rates found in urban centers.
What We Do and Why We Do It
We emphasize simulation and experience to prepare participants for problem solving and innovation. Participants are equipped with the knowledge of essential components of starting and operating a business.
Access to Capital
We help Entrepreneurs understand their sources of capital, including family networks and micro-finance institutions. If not available, we step in and directly provide the necessary startup capital.
We mentor businesses in the fragile first years of their new venture. We emphasize the importance of cash flow management. We ask questions that help Entrepreneurs make decisions with an eye toward the future.
Who We've Worked With
Connect With Us
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