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SOS Mentoring to save youth-run businesses in the face of COVID-19

YBI’s volunteer engagement programme with the ENEL Group to support struggling youth-led small businesses in Chile, Colombia, Peru and Spain through one-to-one mentoring and online webinars.

SOS Mentoring to save youth-run businesses in the face of COVID-19 

YBI’s volunteer engagement programme with the ENEL Group to support struggling youth-led small businesses in Chile, Colombia, Peru and Spain through one-to-one mentoring and online webinars.

Youth Business International (YBI) and Youth Business Spain are training 100 volunteers from the ENEL Group to become business mentors and, together with 20 experienced mentors, support a total of 220 young entrepreneurs in Chile, Colombia, Peru and Spain through one-to-one mentoring and online webinars.

Programme Overview 

Our research has shown that young entrepreneurs who receive mentoring feel more confident in running their business and feel they have stronger decision-making abilities. These skills are vital during this current crisis, which has hit young entrepreneurs with small businesses particularly hard. Faced with difficult decisions amid stress and uncertainty, they need support harnessing their resilience and resourcefulness, to keep their businesses afloat. 

Youth Business International (YBI) and Youth Business Spain are training 100 volunteers from the ENEL Group to become business mentors and, together with 20 experienced mentors, support 120 youth-led small businesses in Chile, Colombia, Peru and Spain through one-to-one mentoring. In addition, ENEL volunteers will deliver five group webinars, supporting another 100 struggling young entrepreneurs. In total, 660 jobs will be saved through the programme. 

Following an initial mentor training led by YBI’s mentoring team and Youth Business Spain, volunteers will join mentoring programmes run by our members Acción Emprendedora in Chile, Corporación Minuto de Dios in Colombia, Perspektiva in Peru, and Youth Business Spain in Spain. 

Programme Structure 

The programme has three key components: 

  • Mentor training and support: all volunteers receive an initial mentor training at the start of the programme as well as ongoing support and guidance from YBI members in the form of regular check-ins and monthly facilitated dialogues with experienced mentors. 
  • One-to-one mentoring: each volunteer mentor will be carefully paired with a young entrepreneur, considering similar personalities, interests and needs of the entrepreneur, and provide a minimum of three months support. 
  • Group webinars: ENEL volunteers will deliver five group webinars offering their expertise and guidance to 100 struggling young entrepreneurs. 

Those who make it possible

View all
IDB Lab

IDB Lab

Worshipful Company of Management Consultants

Worshipful Company of Management Consultants

Citi Foundation

Citi Foundation

Accenture

Accenture

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