Entrepreneurial Capitalism – Acquiring Skills, Strengthening Community Position and Micro Finance


What is the strategic link between abundant resources, human development and economic development? What is the critical and strategic link between human capital and economic progress? Why income inequality persists, despite strong economic growth? What are the paths for social mobility? What are the ways to the middle class – the most important stabilizing force in all societies? Some answers to these questions are enormous and report on the ongoing debate on sensible policy options to address the complex problems of high unemployment among university graduates in developing countries in general and in sub-Saharan Africa.

A meta-analysis of existing scientific literature suggests that inequality in income is maintained both in developed countries and in developing countries, despite obvious and significant economic growth. There are many theoretical, structural and empirical reasons for the growing gap between returning to capital and work on one side, as well as compensation for management and workers, on the other. Capital, for example, seems more productive, more mobile, and in many jurisdictions it receives a very favorable tax regime than work.

In addition, global competition, innovation, slower productivity growth and marginal technical replacement rates may reduce wages, even in developed countries. Moreover, the benefits of globalization continue to grow unevenly in the case of highly skilled labor than in the case of low-skilled workers. Finally, periods of economic growth tend to correlate with an increase in inequality in income, as different sectors of the economy, like individuals, do not develop at the same pace.

As has already been explained in many publications on this issue, human capital analysis refers to acquired skills that develop through formal and informal education at school and at home, as well as through vocational training, experience and mobility, and longevity in the labor market. It should be remembered that both peoples and individuals are portfolios of distinct competencies that come from resources and opportunities. Many countries in developing countries have a lot of resources, but they lack the ability to be productive.

Of course, the mere possession of resources is a necessary but not sufficient condition for economic development. Functional human capital, manifested in increasing efficiency and innovation, is a key and strategic link between resources and economic development. A preliminary analysis of macroeconomic data suggests that the problem of economic stagnation is not specific to developing countries and is not limited to them. Indeed, for many years in developing countries such as Nigeria, a significant part of all university graduates work part-time, have an employment contract without any benefits to work, or have no job even after receiving a national service and certification.

Many experts from the labor market and social observers are ready to note the acute lack of knowledge and skills that require high levels of employment. Although this may be true, the lack of functional education leading to employment is only part of the problem. There is considerable and empirical evidence that many Nigerian university graduates are not remunerated or regularly compensated for a longer period of time, while others work under a low income contract and lack of employment incentives or guaranteed permanent employment.

Before postulating that acquiring skills is neither a panacea nor the fastest way to use, one should keep in mind that the knowledge and skills that you can use are a necessary, but insufficient condition for social mobility. This is partly explained by the fact that many graduates of technical universities and technical colleges with very high demand for labor market growth are not achieving much better results than those from liberal schools and even business schools and engineering.

Therefore, the acquisition of skills acquired by the Occwell Center for Procurement (OSW) is aimed at providing graduates and entrepreneurs with effective steps towards functional education, acquisition of knowledge and skills, self-employment, independence and financial independence. As the right path to the social mobility of middle and upper-class, each project of acquiring knowledge and skills should focus on the production of entrepreneurs – a group of graduates with a keen desire for self-employment, independence and financial independence. Graduates should not only have the necessary knowledge and skills in their particular profession, but they must be entrepreneurs who know the business and have a clear understanding of the knowledge and skills in business management. It should be remembered that all entrepreneurs are the owners of companies, but not all business owners are entrepreneurs.

Entrepreneurs are a special group of business owners who take on all the risks in terms of profit and financial freedom. Without the entrepreneurial class, other factors related to production, land, labor and capital, including technology, remain inactive and are considered to be the profession of financial engineering as a loss-making asset. As some experts rightly say, when you decide to work for yourself, you will never go back to work for someone else. In general, people are not going to fail, they just do not plan. In addition, freedom, whether spiritual, economic or political, is indivisible and must be constantly pursued. The passion for financial freedom is a critical difference that distinguishes entrepreneurs.

Okwelle Skills Center Model:

Okwelle Skills Center Model:

The concept of acquiring skills as a tool for strengthening and developing the community is not new. Concepts, principles and problems are well documented in the relevant scientific literature. Read the manual for the same topic for a complete historical story of the rules of acquiring skills that inform many commercial schools and technical schools, training programs, etc. Until the Civil War in Nigeria. The concept of the Okvelle Center for Skills (OSAC) focuses on practical and technology-oriented curriculums.

OSAK will primarily provide accredited certification programs for the profession and career for students from the Niger region, the state of Imo, as a center and magnet for the industry. Procurement Center The Okwelle Skills Acquisition Center fully integrates functional skills and microfinance to ensure that visions of self-employment, independence and financial freedom have become a reality for our graduates. The key strategy of OSOS-PPAC-OSAC is well established and proven. When the relationship with the Netherlands Delta Development Commission (NDDC) is fully formalized, OSAC intends to use our network with global institutions, articulation agreements with higher education institutions in the United States, the Okigwe Diaspora and Okigwe friends to fulfill our mission and achieve our strategic goals. ,

As our employees live in the target communities, they introduce context-based knowledge of social issues. This allows OSAC to avoid policies, analyzes and programs that are not related to reality. OSAC will strive for creative collaboration and strategic partnership by working with global institutions such as the World Bank, the IMF, USAID and other civil society organizations (CSOs) that have a common mission and NDDC through the exchange of information, dialogue and consultation at the global, national and At national levels, Knowledge is the strategic weapon of the OSAC.

Some operational tips:

Some operational tips:

Many new businesses are failing. Therefore, the most important goal of effective skills acquisition projects is to assist new entrepreneurs in minimizing the failure rate of new enterprises. Entrepreneurs need to have a good understanding of the basics of business, such as the effective management of people, processes and products. In addition, entrepreneurs who carry out new business activities must act in accordance with a known probability of success. The OSAC project integrates microfinance by acquiring knowledge and skills with a successful 3M venture business (Money, Management and Marketing).

As you know, many industries outside the business, such as architects, dentists, pediatricians and lawyers, etc. Pass the university without passing the necessary business courses. However, after graduation they become owners of small private companies. These disadvantages are then supplemented during the professional training or employment of business managers. However, without practical knowledge of the basics of entrepreneurship, small business owners are completely dependent on business managers. The agency’s problem arises when the interests of business owners are different from the interests of business managers, both regular employees and external help. In addition to the agency’s problems, small business owners need to understand what the numbers mean to provide effective leadership, supervision and control. Thus, the OSAC curricula will include the role of relevant business systems and functional business areas based on sound management principles and current best industry practices.

The initial review of unsuccessful small companies shows a general picture: the lack of concern for 3M businesses: money, management and marketing. In addition, many small businesses ignore the concept of a business entity: the company’s activities must be recorded separately from the activities of the owners. Indeed, the personal activities of a small business owner should be separate and separate from the business entity. Many small businesses find themselves in trouble because they do not get such a distinction, especially as regards cash flows and the use of cash from business transactions.

Proposed training programs

Proposed training programs

OSAC will have seven training programs: the Computer Science School, the School of Design and Design, the School of Electronic Technology, the School of Business Technologies, the School of Agrarian Technology, the School of Health Technology and the School of Nursing. OSAC will provide the skills and knowledge that our graduates can use to gain employment opportunities in the modern world.

OSAC programs will combine traditional academic content with applied learning concepts, and much will be devoted to practical laboratory research. The advisory committees will include representatives of local businesses and employers that will help each OSAC program periodically evaluate and update training modules, equipment and laboratory design.

Some Strategic Goals

Some Strategic Goals

(1) Apart from the development of human potential and the formation of a constantly growing pool of skilled labor, OSAC will support a culture of self-employment and independence in employment and job creation. The ultimate goal of OSAC will be to contribute to the continuous improvement of our domestic manufacturing processes, as well as opportunities and innovations – the introduction of new ways of functioning.

(2) OSAC provides for seminars on financial literacy as part of a business technology program that will allow our communities to gain access to revenue generating workshops, strengthening and strengthening their independence. The Procurement Center, Okwelle Skills, with integrated microfinance programs will provide access to credit, appropriate training and the development of the importance of savings and investment for our graduates.

(3) OSAC plans to provide tools and training to increase agricultural production locally. The Niger region as a whole, and the old Okinge-Otanzu Otanchar, in particular, have natural objects and the necessary human capital to become a food cell in the south-east. OSAC will encourage agroholdings, where they will be able to introduce new technologies and fully mechanized agriculture and food processing.

Bank’s New Service “Payment 1 Time in 14 Days”


Since yesterday, a new action has been launched at the Delta-Credit Mortgage Bank – the loan payment can now be made not once a month, but every 14 days. The program was named “Payment 1 time in 14 days”.

And now, first things first. So. As a rule, under a loan agreement, a mortgage client pays once a month, 12 times a year. But the calendar year consists of 52 weeks. Therefore, if you pay a contribution every two weeks, it turns out that the borrower does not pay the bank 24 times a year, but 26. The amount of the monthly payment is calculated based on the loan period in months. The payment received is divided in half and accepted as a payment once every 14 days.

Compared to the monthly payment, such a program allows not only shortening the loan period and the amount of interest payments with the same loan amount, but also obtaining a loan approval for a larger amount. That is, the borrower can afford to buy a larger apartment.

The mortgage loan borrower with a sum of 3 million rubles for 15 years at a rate of 14% per annum, the new payment program allows you to save about 1 million rubles. To do this, the bank will send an SMS with a notification of the upcoming payment date in about three days.

In addition, you can repay the loan by transfer from the card by selecting the appropriate settings. However, in order to transfer funds from the card was free for the client, he needs to get a card in Rosbank.

The new program is compatible with almost all mortgage programs of the bank: the client himself can choose which method of processing the loan and its repayment. The client can even change the payment schedule, not once in 14 days, but monthly and vice versa. You can change the schedule for free once.

Note to potential mortgage borrowers in the Delta-Credit Bank – only the new customers of the bank can use the “Payment 1 time in 14 days” service.

Emergency Fund Loans: Wisely Borrowing Mon


Approximately, wise or not, if you have to borrow money for an emergency fund? Then is it wise if an emergency fund loan is used to meet needs?

Check out the review through the following Harry Potter articles and get a deeper understanding of the importance of emergency funds and how to collect them. Happy reading!


What is an Emergency Fund?

What is an Emergency Fund?

Hello friend Harry Potter! How are you? Hopefully in good condition!

Today we will discuss about “Borrowing money for emergency funds, wisely or not?”

Before entering into the subject of a deeper discussion, do you think you already know what an emergency fund is and the importance of an emergency fund that we have?


If not, then you must immediately understand it because the role of emergency funds is very important!

Actually, you can get an explanation of the complete emergency fund through one of the Harry Potter ebooks .

In it there are a number of discussions and several examples in easy-to-understand language, so you can immediately practice it.

In addition, you can get it for FREE without any fees. Fun is not it?

Therefore, let’s download the ebook immediately, and feel the benefits.

Eits, but it’s not right if we don’t discuss it through this article. Let’s go straight to the first discussion!


Get to know the Emergency Fund

Get to know the Emergency Fund

As the name implies, an emergency fund is a fund or type of deposit that will only be used when an emergency or emergency occurs.

Approximately, what are the conditions called emergency and need for this savings fund?

One of them is when someone is suddenly “laid off” or terminated by his workplace for reasons of corporate downsizing.

If you experience layoffs, do you need daily financing for your personal needs?


Of course the kitchen in your house still needs to be smoky, especially for those who are married. Do children and wives not eat and need other daily needs?

Another example is if a family head suddenly experiences an accident that makes him unable to work again, aka permanent disability, especially if he dies. Of course this emergency fund is needed so that daily needs are still met.

Another example is if your vehicle is suddenly stolen by someone, it could be an event that requires an emergency fund. Especially if the vehicle is a means of transportation used to work and carry out activities that support our productivity.

Of course emergency funds to buy a motorbike, at least a down payment must be available right?



That was the understanding of emergency funds that we need to understand together including concrete examples that can be imagined, if we don’t have an emergency fund.

So, whether it’s an emergency fund or NOT IMPORTANT IMPORTANT? You can answer yourself!


The Importance of Knowing the Amount of Emergency Funds Prepared

The Importance of Knowing the Amount of Emergency Funds Prepared

So that our hearts remain calm when the critical problem arrives, let’s prepare an emergency fund from now on! We don’t know when will an emergency come?

Then, how to collect emergency funds and how much emergency funds should be collected?

Each individual has a different amount of emergency funds, usually depending on the amount of basic expenditure needs in a month.


For example, a student at a university in the city would certainly have an emergency fund different from a husband with one wife working in a small town.

The difference in marital status also underlies the difference in the amount of the amount of emergency funds, especially if the couple has been blessed with children. Of course emergency funds that must be prepared will be far greater than those who are still single.

So what is the amount of emergency funds that must be prepared?

The following is the ideal number of emergency funds needed in finance:


# 1 Single (no dependents)

If you are single and have no dependents, the ideal emergency fund is 6 times the amount of monthly expenses.


# 2 Marry (no children)

If you are married but do not have children, the ideal amount of emergency funds is 9 times the amount of monthly expenditure.


# 3 Marry (have children)

If you are married and have children, the ideal amount of emergency funds is 12 times the amount of monthly expenditure.


You can use the Application Harry Potter know to calculate the amount of your emergency fund. The method is also very easy!

  1. Make sure you have downloaded the application through the Google Play Store or registered via PC.
  2. After that, open the application and select the “Financial Plan” menu.
  3. Click the “+” symbol in the lower right to add the Financial Plan and select the “Emergency Fund” option.
  4. Enter the required amount of data, namely:
  1. Monthly expenses, for example IDR3,500,000.
  2. Marriage status, for example: Single


  1. After that click “Calculate”, then the conclusion in the form of the necessary emergency funds will appear. This amount is a matter of calculation of the data that has been entered.


In this way, you can manage your finances more clearly so it is not impossible to prepare an emergency fund while achieving other financial goals.


Benefits of Emergency Funds


Have you collected emergency funds?

Of course you don’t want to have financial difficulties because of an accident or a precarious situation that suddenly comes over?

Did you know, there are at least 2 benefits from the availability of emergency funds that we collect before the disaster or the precarious condition that destroys our financial situation.



# 1 Controlled Stress Level

In addition to giving us time to breathe a sigh of relief when a precarious situation strikes and eases the burden, this emergency fund is useful for reducing stress levels.

Imagine if our minds accumulate problems, plus if there is no available funds. Of course we will be more stressed and even fall ill. Didn’t it even add to the burden?



# 2 Avoid Debt

The option of borrowing money to meet emergency funds can indeed be an option, especially if there is no other way that can be taken. But, it would be better if we did not borrow money right?

Once there was someone who confided when he would collect debts from his friend. The recipient of the debt is even more fierce than the lender. You can see how sensitive money is in a relationship.

Even in relationships with the closest people, the problem of money can be a fire that destroys a relationship.

Therefore, it is highly recommended to be able to prepare an emergency fund, without having to borrow money from other people to be free of debt.


Borrow an Emergency Fund

Borrow an Emergency Fund

Given the importance of having an emergency fund for critical situations that we cannot predict beforehand, we now arrive at the question, “Is it wise to borrow an emergency fund?”

This question arises when we are experiencing one of the precarious conditions above but do not have an emergency fund or the funds we have are not enough.

A 2018 Federal Reserve survey of economic welfare shows that in 2017, 4 out of 10 adults still said they could not bear emergency funds of US $ 400 or more and they were forced to borrow money or sell something to pay bills caused by emergency state.

For those who have no umbrella when the rain arrives, it will certainly be difficult.



If there are still assets that can be sold, of course it will be very helpful, but still we will lose that asset , right?

For example, when things happen precariously, you still have deposits in the form of deposits, gold, and also land that can be sold. Deposits and gold can indeed be quickly disbursed relatively quickly.

But if it is in the form of property goods such as land or home ownership, it certainly takes a long time to disburse it. Since this is an emergency, aren’t you in need of money in a fast time?


Back to the original question, is it wise to borrow money to meet or finance an emergency fund?

If indeed there is no other way, borrowing an emergency fund can indeed be an option.

But of course not just borrowing from people or an organization borrowing money that actually adds to the debt to be piled up, especially if borrowing from moneylenders.

Not to alleviate the problem, but instead make the problem even bigger.

Borrowing to relatives or relatives is strongly recommended. In addition to those who are still in family relationships, usually family members or close relatives will not ask for more money or self-help in exchange for remuneration.


How to Collect Emergency Funds


Use this method to collect and make your emergency from now on.



# 1 Set Monthly Targets

Create your own monthly target that can be saved from your monthly income.

Get used to saving it in a separate account from the account that you normally use for your daily needs.

If you want to be simpler, you can use the auto-debit facility to transfer your money to an emergency fund savings account.


# 2 Don’t Underestimate Receipts

Of course you get a dime in the form of metal or paper that you take for granted. Not infrequently we give to small children or to park, or even left lying on the table or if wasted, will not be ignored.

Eits , don’t underestimate the change. A proverb says, “Little by little, it gradually becomes a hill.”

This proverb can be very implemented in saving life. Collect your dime and don’t take it lightly. One million without one hundred rupiahs, won’t be one million, right?

Once your change has accumulated so much, you can save it to the bank and put it in an emergency fund savings account.

# 3 Monthly Money Check Every Month

How you manage your monthly money will determine how much emergency funds you can collect.

Not infrequently those who can resist the urge to use the remaining money or more money in the account at the end of the month.

Thank you … if there are still leftovers. But, still resisting the urge to buy desires is a difficult thing to do.

Where there is intention, there is a way. If there is residual money in the account at the end of the month, you can enter it into the emergency fund account.


# 4 Cut unnecessary expenses

You will find out for yourself, where expenditures must be spent based on needs and which can be reduced or cut, even eliminated because it is not in the category of needs.

If you can find every opportunity, you can collect more of your emergency funds.


One More About Emergency Funds

One More About Emergency Funds

Given the importance of emergency funds at critical times, you are strongly advised to save emergency funds in a safe and easy to disburse storage area.

For example in a bank account that has low cost deductions or no deductions at all, saving in the form of deposits or gold.

In addition there are also those who suggest saving it in the form of money market mutual funds.

Immediately collect emergency funds from now on, don’t let you get confused when an emergency happens to you.


Have you collected your emergency fund? How much emergency fund do you collect? Do you think emergency funds can be used for investments like stocks?


Banks Open Up Opportunities for Issuing a Consumer Loan

What kind of wages the applicant receives, who has applied to the bank for a consumer loan in the territory of the Russian Federation, will be able to find out the bank itself, without a corresponding certificate.

The Pension Fund of the Russian Federation (PFR) will help employees of any banking institution to quickly find out the level of income of a potential client. Aleksey Kozyrev, Deputy Minister of Communications and Mass Communications of the Russian Federation, said that at the end of 2016, banks will receive this instrument for arming.

The government official explained that the Pension Fund of Russia, jointly with the Ministry of Communications, has long been working hand in hand on a new project, through which banking institutions in a very convenient and operational form will be able to access the necessary information about personal accounts of Russian FIUs.

Initially it is assumed that the system will work like this:

  • A citizen who wishes to receive any credit product in a bank independently applies to the Pension Fund of the Russian Federation by sending a corresponding electronic request for an extract statement.
  • Further, this information document is sent by the borrower to the necessary banking institution.

Naturally, the imperfection of the process is obvious and, therefore, a reservation was immediately introduced that, after some time, banking institutions would request such information on their own.

Kozyrev also reported that this technology is already taking place and is currently being tested in banking institutions. From a potential client of a banking institution, it is only necessary to confirm this transaction, namely, to give electronic consent (in the case of an online application) or written consent (if you apply directly to the banking structure) to receive this information. For example, in the interactive version with the help of an sms-message (send confirmation code) or through a personal account on the state services portal.