L’AINE FOUNDATION is a registered not-for-profit, nongovernmental organization limited by guarantee that supports entrepreneurs and would be entrepreneurs in the Ghanaian urban and local communities.
As the corporate social responsibility subsidiary of L’AINE HR, Ghana’s leading Human Resource Development Organisation, L’AINE Foundation was incorporated formally in 2010 to assist disadvantaged and aspiring entrepreneurs, tertiary institution students, existing micro and small-scale entrepreneurs with entrepreneurial training.
To date, the foundation has provided training for more than 100 entrepreneurs including student entrepreneurs, building their capacities so they can write and review their business plans, manage their finances, access markets both locally and internationally, grow and manage customers, build business networks and sustain them, how to hire, and keep the best people, and information systems.
Mooted initially to assist candidates who were cut to run their own entrepreneurial ideas than work for structured existing companies, the main objective of the foundation is to create more jobs and reduce poverty. Young people, especially women in Ghana are growing up in a difficult economic environment with limited opportunities for decent work.
Despite this fact, many young people do gain employment either by working for others or, more typically, by establishing their own businesses. But the potential of young people and women entrepreneurs is not being fully realized. Existing entrepreneurs are often successful in spite of the myriad constraints they face, such as ineffective regulatory frameworks, lack of business skills, training and mentoring, access to finance and even negative stereotypes which still persist in large parts of the country.
The majority of would-be entrepreneurs’ efforts are thwarted by these obstacles, never seeing their often-promising ideas and dynamic energy translate into products, profits and jobs. Also, women in Ghana face more constraints to becoming entrepreneurs than men. These were the major reasons that propelled L’AINE Service to establish the L’AINE Foundation.
To the proponents of L’AINE Foundation, a larger and more productive private sector is a necessity if Ghana is to experience sustainable development. Private sector-led growth will create more and better employment for Ghana’s growing youth population. Employment will reduce poverty, improve the standards of living for Ghanaians and create the basis for sustainable development and for reaching the Millennium Development Goals.
Today, we have renewed our commitment to entrepreneurship development by increasing our programmes to cover Business Outreach, Mentoring, Consulting, Funding and the Entrepreneurship clubs whilst pursuing our training programs. We will continue to reassess our mission. We do so, ever mindful of fulfilling our stewardship in a way that most clearly reflects the principles of entrepreneurship, the foundation upon which our work is built.
To bridge the unemployment gap in Ghana by creating an enabling environment for aspiring entrepreneurs and start-ups to thrive.
To empower aspiring entrepreneurs and start-ups with relevant training, mentoring, and consulting programmes on
Team will be expected to have strong moral principles and work in honesty with all partners
Honesty and strong moral principles are a major part of our operations at L’AINE Foundation
The quest to constantly improve solutions to our partners through practical implementation with results is our constant focus
We exhibit strong commitment for all projects and programmes by the foundation
The foundation’s goals are top of the mind and all team members work towards achieving those goals
Team members take absolute responsibility of the foundation’s operations and programmes to achieve desired outcomes
Our Strategic Approach
Building on existing and tested entrepreneurship development tools and a local network of trainers: The initiative relies on forging partnership with stakeholders including all existing business development providers, regional network of International Labor Organization (ILO), master trainers in entrepreneurship who are licensed to train local trainers.
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