IBEC is a partner in the strategic Courses (training), Coaching and Capital progression called Triventure. This is based on the belief that initially, an individual needs training in the principles of Business as Mission, and they also need a coach, and capital. Towards the end of the training, a coach is assigned who will provide guidance, unique mentoring, and preparation for pitching for capital. Capital is the startup funding for the new business. Triventure provides the necessary three components for a Kingdom business venture.
Alex Samwel is a young man in Tanzania who followed his dream by signing up for the Triventure program. He eventually completed the Third Path Initiative training and was assigned an IBEC coach who helped with his pitch to Legacy Ventures, a firm dedicated to providing seed capital for new Kingdom ventures. It was a lot of work to prepare for the pitch with numerous practice sessions. He saw it all as worthwhile when he received a $10,000 loan for his startup soap/petroleum jelly business.
Alex registered the company as Mwana Wa Pepa and has hired a team that is committed to the business and to Kingdom living in their community. His coach just showed us his financials for his first seven months in operation. The profit after those seven months is $14,792. His soap production went from 200 units to 2,034, and the jelly from 291 units to 3,017. He is off and running!
None of this would have happened without the Triventure program. Coach Bob Bush reports how Alex’s gigantic smile on the recent Zoom call reflects his changed life … and the lives of others in his community as well.
Larry W. Sharp, BAM Support Specialist, IBEC Ventures
Larry.Sharp@ibecventures.com