Titian Foundation together with PT Wahana Ottomitra Multiartha, Tbk (“WOM Finance”) held a kick-off event on June 21st, 2016 to start off a one-year pilot project on start-ups.
The beneficiaries of this start-ups project will be the alumni of Titian’s scholarship programme who have already finished or are close to finishing their tertiary studies in universities/colleges and have already embarked on entrepreneurial activities such as producing crafts and artworks.
WOM Finance shares the same understanding in terms of community development as Titian. In his opening remarks, WOM Finance Director Mr. Zacharia Susantadriredja said both parties recognize the basic need of rural communities is to increase their earning capacity so they can achieve better living conditions.
The project will not only give access to capital to these young entrepreneurs but they will also be equipped with financial knowledge. Workshops on finance are embedded in this project, including financial literacy for both start-up candidates and their families. To sustain these start-up companies, more focused workshops such as business planning and start-up entrepreneurship will also be conducted. With these provisions, the start-ups can invigorate their current products, build their capacity to weather competition and have sustainable business ventures which will benefit their surrounding communities.