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The exchange in practice

How does the exchange process work?

The process comprises the following four phases:

1. Membership application

If you are interested in participating in our program, you will first need to register as a member. You will be asked to pay a membership fee of R1200 / $120. This will give you access to all our products and benefits as well as access to the application form.

2. Application

Whether you are a new or experienced entrepreneur, you can participate by applying via the on-line registration tool or you can collect application forms from our local offices. We will verifying your application, and if all requirements are met and your application fee is paid then we will accept your application.

3. Matching

Once your application has been accepted, you will have access to an on-line database of new and host entrepreneurs also participating in the programme. To find a suitable partner for the exchange, you can make up to 5 proposals from this database. We will be responsible for facilitating contact between entrepreneurs and will help you look for a partner or a match.

4. Commitment and preparation

The parties involved (i.e. new entrepreneur, host entrepreneur) draft a “Commitment to Quality” consisting of a description of the work/learning project, tasks, responsibilities, deliverables, financial conditions and legal implications of the exchange. You will be required to attend all activities such as trainings to prepare you for the exchange.

5. Implementation phase

You complete the exchange, within 6 weeks and will be asked to fill in a feedback form. IBA Global will monitor the quality of the activity and evaluate the results.

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