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UNPACKING ECONOMIC PROJECTS TRANSFORMATIONAL FACILITY (EPTF)

UNPACKING ECONOMIC PROJECTS TRANSFORMATIONAL FACILITY (EPTF)

UNPACKING ECONOMIC PROJECTS TRANSFORMATIONAL FACILITY (EPTF)

By Mary Kamore on May 31, 2017

According to the Kenya National Bureau of Statistics basic report – -September 2016,  the Micro, Small and Medium Establishment (MSME) sector contributes 33.8% to the Gross Domestic Product of Kenya, making the sector one of the most important sectors of the economy.

However, with aspects like technology, globalization era, modern trends to keep up or sustain a certain lifestyle among the youth / millennial and erosion of cultural & family values – -most businesses have no purpose and lack direction.

The society is slapped with news of fraud, unscrupulous tender deals, forgery of legal documents, data hacking into systems and young entrepreneurs are making money the wrong way which ultimately the law of the land or the people catches up with them.

It is important to stress that the 33.8% MSME’s contribution to Kenya’s GDP has the potential to rise when entrepreneurs are not only empowered but kingdom minded. That is, entrepreneurs who have figured out their God given purpose and they can glorify God and serve others through business.  After all, the foundation of life and most aspects like business and entrepreneurship lies in the bible.

EMPOWERED KINGDOM MINDED ENTREPRENUER.

According to the book of Deuteronomy 28:1-5 – -“And if you faithfully obey the voice of the Lord your God, being careful to do all his commandments that I command you today, the Lord your God will set you high above all the nations of the earth. And all these blessings shall come upon you and overtake you, if you obey the voice of the Lord your God. Blessed shall you be in the city, and blessed shall you be in the field. Blessed shall be the fruit of your womb and the fruit of your ground and the fruit of your cattle, the increase of your herds and the young of your flock. Blessed shall be your basket and your kneading bowl. “

Using the above bible verse, it is easy to deduce certain principles. First, an empowered entrepreneur should practice and obey God’s word and commandments. Second, this should be translated and illuminated in the way the business is run and how you treat your customers.

Additionally, the products and services by your business should be tailored to solve the customers’ needs or preferences. Most a times, businesses develop products and services to make money but it would be better if the money is made through God guiding you  on what kind of problems you need to address as an entrepreneur.

Values guide businesses. People adopt these values as children, in families and church or when they grow up in school or higher institutions of learning. As entrepreneur should ensure that values such as integrity, accountability and transparency should govern their businesses. This practice ensures that the businesses are kept in check.

In the book of Genesis 1:26, when God gave man dominion over everything he created, it meant that Man has a responsibility over the universe. Sadly, the world today is faced with issues like global warming, climate change, deforestation, and drought due to big and small businesses incapability of taking care of the environment and its environs.  The Corporate Social Responsibility acts, bills and laws give businesses a ‘license to operate’. To expound, businesses cannot make profits or money if it takes for granted the environment and its environs. It is for this reason, that it is imperative for businesses to have a good CSR plan and strategy in place. This would range from the day to day behavior like waste disposal, cleaning the area around you to offering one day health clinic or planting trees around the community.

According to 2 Timothy 2:2 – – “And what you heard from me through many witnesses entrust to faithful people who will have the ability to teach others as well. “  To sum, an empowered kingdom minded entrepreneur should be able to give back to the people or community through mentorship, education or empowerment program.

TRANSFORMED COMMUNITY

8 billionaires own the same wealth as the poorest 3.6 billion people; this appalling statistic was as a result of a research conducted on global economy and released by the Oxfam International – -January, 2017.  It simply highlighted a global problem of inequality. That is not all; just recently, Kenya has faced a drought crisis and high inflation rates which all translate to poor economic growth and households grappling with poverty.

The Economic Projects Transformational Facility (EPTF) seeks to empower young entrepreneurs to have a kingdom minded mindset and ultimately transform their communities. As such, these entrepreneurs create jobs solving high rates of unemployment, poverty and crime. Equipped with knowledge and skills, it translates to reduced inequalities in a world where only a few are privileged to possess knowledge.

The drivers of economic change can be young entrepreneurs who are competent in all facets of life. That is, they are not only knowledgeable and transformative but also of good Christian values. This goes a long way in shaping Kenya’s policy frameworks and securing a better future for generations to come.

Mary Kamore is the Chief Executive Officer, EPTF.