Entrepreneurial initiative beats poverty and creates prosperity
The AFOS Foundation for Entrepreneurial Development Cooperation (in Nigeria also registrated as “African Trust Funds Entrepreneurial Development“) supports micro and small businesses and the rising middle class in developing and emerging nations. It promotes access to microfinancing and financial services, vocational training, advice on product development, marketing and quality assurance, self-organisation in trade & industry chambers and associations and political representation of interests.
We are convinced, that entrepreneurial initiative generates value, creates stable and sustain-able incomes and workplaces – and is development! Responsible entrepreneurs are the best development workers!
The partner principle:
To support local micro and small businesses and the middle class, the AFOS Foundation locally always works with partner organisations such as
- microfinance banks
- business associations and trade & industry chambers
- education & training centres / institutions
Our local partners are familiar with local situations and needs; they know, ‘where the shoe pinches’. The AFOS Foundation mobilises expertise and funds, and at the same time, helps to further develop and professionalise its partners’ work. This aid to build capacity, ensures the effectiveness and sustainability of the foundation’s commitment.
We want to do away with the causes of migration, once and for all!
The AFOS Foundation’s work is inspired by Christian social ethics. It is guided by the principles of
- human dignity
- the common good, including the integrity of creation
- solidarity and
The foundation cooperates with partners of all denominations and religions.
For more information, please refer to the Preamble to the AFOS Foundation bylaws.
In its projects, AFOS Foundation draws upon the special expertise of other aid organisations, long-term and short-term experts and members of the Confederation of Catholic Entrepreneurs (BKU) and its network. Members of the BKU set up the Foundation in 2003. It grew out of the BKU’s joint initiative Afrika Fonds für Selbständigkeit [Africa Fund for Autonomy] (AFOS) with the Catholic aid organisations MISEREOR and Kolping International.
As an autonomous and charitable foundation, AFOS Foundation funds its activities with private donations and public grants, particularly from the Federal German Ministry for Economic Cooperation and Development (BMZ). The Foundation is administered by the Deutsches Stiftungszentrum [German Foundation Centre].
sequa gGmbH in Bonn is a proven AFOS Foundation partner of many years in the administration of the foundation’s projects in the Philippines.