G3SM "Groupe scolaire" works to improve social and economic care for the population by developing its training program

Already raised € 20.000
Requested budget 2023 € 42.500
Projectvinfo
Project code
O 1 (2023)
Sector
Education & Training
Funding
Loan
Country
Senegal
Location
Dakar
Project duration
2023 - 2026
Origin
SusTech4Africa Senegal 2021

Testimony of the Belgian OVO volunteer coach

The G3SM project is an investment in Senegalese youth. It is supported by a highly professional and experienced team.
 

The proposed training courses target business sectors with a high demand for qualified professionals and promoting gender equity.

The entreprise

G3SM is a non-subsidized private educational institution (S.P.R.L. or Private Limited Liability Company) whose objective is to fight against ignorance and poverty through education and training in order to equip students with the tools to sustainably face the social, economic, cultural and environmental challenges of our societies. G3SM is committed to improving the social and economic conditions of the population. The establishment welcomes 930 students and Mr. Mamadou Saliou DIALLO is its director.

The business project

G3SM plans to expand its training offer by adding 5 new sections of qualifying technical training that will be the subject of a diploma recognized by the Senegalese state: cutting and sewing (3 years ), catering (2 years), computer science (3 years), electricity (2 years) and industrial electricity (3 years). 

In three years, the aim is to increase the number of students in the technical sections from 90 to 434 and to graduate more than 150 students each year. The team will grow from 3 to 28 employees (management, teachers and support services).

Why OVO believes in this project

This non-subsidized private school has been run in a cost-effective and efficient manner for over 20 years. The team is well versed in the economic requirements of the sector. 
The training courses that G3SM plans to set up correspond to a need in the Senegalese job market and to a demand from students and their families, in a region where no comparable offer is available.
Beyond its relevance to the job market, youth training has many positive impacts on socio-economic integration, reduction of marginalisation and delinquency, empowerment of young girls, poverty reduction, access to basic services, etc ...

Requested investment

The total investment budget is € 66,000. The funding request to OVO is € 42,500. G3SM will provide the difference of € 23,500.

Distribution of funding sources:

 

Year 1:

Financing by OVO: construction of the new premises on the upper terrace of the building, purchase of equipment with exception of collective equipment (benches, blackboards) and equipment for the sewing section.

Financing by G3SM: renovation of the existing premises which will be used for the technical sections, collective equipment (benches, blackboards) and equipment for the sewing section.

 

Years 2 and 3: 

Financing by G3SM: purchase of didactic and collective equipment needed due to the increase in the number of classes.

                   

Repayment to OVO will be made at a rate of 7% per year, in quarterly installments, with a 15-month grace period for the first installment.

Topic
  • Gender Equality
  • Talent management
  • Income generating
  • Education

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