• Fri. Jun 21st, 2024

Many young people hesitate to undertake projects thinking that their capital is minimal


Jul 1, 2021

NGOZI July 1st (ABP) – The leader of the Terimbere carpentry workshop based in Shikiro in the town of Ngozi, Mr Epitace Nizigiyimana, advises young entrepreneurs not to underestimate the start-up capital when they want to set up their businesses. He finds that many of the young people hesitate to embark on projects because they think their capital is minimal.

Mr. Nizigiyimana reassures them, saying that with determination a hen can generate a cow. He gives the example of his workshop which started with a capital of less than a million. Over time, the workshop has acquired the average machines and acquired expertise in the manufacture of furniture. Today, Terimbere employs 25 employees paid monthly and 20 part-timers, including a certain Japhet who is however an agricultural technician by training.

After realizing that he couldn’t get a paid job in the public service, he decided to create a job on his own. Initially, he partnered with two carpenters with whom he had entered into a profit-sharing contract. The workshop quickly evolved and he applied for a loan from Coopec Ngozi which he reimbursed without great difficulty. He was then registered as a young rural entrepreneur by the Farming Sector Development Project (PRODEFI) in its rural youth employment component. He quickly received support from PRODEFI to acquire modern machinery and further train new carpenters.

The workshop, which is located in the Shikiro neighbourhood of the town of Ngozi, is very popular with customers. It manufactures various quality furniture including tables, chairs, sofas, dressers and so on. Rather, he is asking for tax incentives like a young company that gives so many jobs to young unemployed people.