Entrepreneurs wishing to participate in a Shark Pond pitch event for micro loans, must first receive training from an authorized partner organization. Current approved partner organizations include: Pocatello Rotary Club; the Ashaiman, Teshie, Bethlehem, Sunyani, and Aba (Nigeria) stakes in the Church of Jesus Christ of Latter-day Saints.
These partner organizations teach a 12 week entrepreneurial training course that prepares entrepreneurs for the financial reporting required of loan recipients including: cash flow statements, income statements, and weekly revenue and expense logs.
Watch the video below to learn how to update your income and expense log.
Additional Rotary Clubs, stakes, corporate donors, and other service organizations who wish to participate must meet these criteria:
1- They are physically located in areas that fit the Entrapov mission to eliminate poverty and actively help mentor loan recipients with their businesses.
2- The partner organization puts forth the full $1,000 for the first micro loan one of their entrepreneurs receives AND future entrepreneurs brought forward by their organization are funded at least 50% by either loans they have collected themselves or that Entrapov has collected on their behalf.
3- The new partner demonstrates that they are willing and able to actively mentor loan recipients and make sure Entrapov receives regular financial reporting on the businesses they are mentoring.
If you feel that your organization meets all of the criteria listed above to become an authorized Entrapov partner, complete the form below to request more information.