Biography of Asifun Nabi: Founder of AlterYouth- Entrepreneur
Biography of Asifun Nabi:
Early Life and Inspiration
Asifun Nabi, the founder of AlterYouth, was driven by a deep
sense of empathy and a passion for improving the lives of children in
Bangladesh. Born and raised in Dhaka, Asifun was acutely aware of the
challenges faced by many children in the country, especially in terms of access
to education. Despite the fact that schooling in Bangladesh is free, Asifun saw
that many children were still unable to finish their education, often due to
financial pressures. This stark reality inspired him to take action and create
a platform that would directly address this issue.
The Problem in Bangladesh’s Education System
In Bangladesh, nearly 98% of children enroll in schools, but
a significant issue remains: 14% of these children drop out before completing
primary school. This results in approximately 2 million children each year who
fail to achieve literacy. Many of these children are forced to drop out because
their families cannot afford to support their education. Some are pushed into
work to help sustain their families, while others are married off at young
ages, depriving them of the chance to complete their schooling. Asifun realized
that these children were missing out on the potential to harness the power of
the internet and shape their futures.
Biography of Asifun Nabi: Founder of AlterYouth- Entrepreneur/C2C app/funding scholarships for students/age/net worth/investor/AlterYouth story
A Vision for Change
Asifun’s vision for change came from a simple yet powerful
idea. He wanted to find a way to support these children financially so they
could stay in school. Drawing inspiration from the global trend of crowdfunding
and digital platforms, Asifun came up with the concept of AlterYouth, a
platform that would allow users from around the world to directly fund
scholarships for children in need. The aim was to give these children the
financial support they needed to continue their education rather than drop out
to work or marry.
Launching AlterYouth
In 2018, Asifun founded AlterYouth, a C2C
(consumer-to-consumer) application designed to enable individuals globally to
create scholarships for financially struggling students in Bangladesh’s
government primary schools. The app’s model is simple: it allows people,
particularly those from the Bangladeshi diaspora, to provide direct financial
support to children in need. Unlike traditional donation models, AlterYouth
doesn’t accept donations; instead, it facilitates the transfer of scholarships
directly from users to students' bank accounts, ensuring that the financial aid
goes directly where it’s needed.
Solving a Critical Issue
AlterYouth’s primary goal is to prevent children from
choosing work over school. In many cases, children drop out of school to help
their families financially, and this trend has long been a barrier to education
in Bangladesh. By offering scholarships through AlterYouth, Asifun hopes to
alleviate the financial pressures on families, allowing children to stay in
school and continue their education. The app serves as a lifeline for those who
might otherwise be forced to abandon their studies and face a future without
the skills needed to succeed in a rapidly changing world.
Empowering the Diaspora
One of the unique aspects of AlterYouth is its ability to
tap into Bangladesh’s vast diaspora population. With approximately 10 million
Bangladeshis living in advanced economies around the world, there is a
significant pool of people who want to make a positive impact on their
homeland. AlterYouth provides these individuals with a direct, meaningful way
to contribute to the education of children in Bangladesh. The platform enables
them to fund scholarships for students in a transparent and impactful manner,
connecting them with the children who need it most.
A Digital Solution for Real-World Problems
AlterYouth’s model leverages digital banking to transfer
scholarships, making the process efficient and transparent. This digital
approach is critical in ensuring that the funds go directly to the students.
The app eliminates the need for intermediaries, reducing the risk of funds
being misused or lost. By using technology in this way, Asifun has created a
scalable solution to a deep-rooted problem, empowering people around the world
to make a difference in the lives of children in Bangladesh.
Looking to the Future
Looking ahead, Asifun’s goal is to expand AlterYouth’s
impact, reaching more students and ensuring that financial barriers no longer
stand in the way of a child’s education. As the app grows, he envisions a
future where more children in Bangladesh stay in school and graduate with the
skills needed to succeed. AlterYouth has the potential to create a lasting
change, transforming the educational landscape of Bangladesh and helping
thousands of children realize their full potential. Through this innovative platform,
Asifun is not only changing the lives of individual students but also
contributing to the broader mission of educational equality in his country.
Timeline for Asifun Nabi's Story:
Early Life - Born and raised in Dhaka, Bangladesh, deeply
aware of educational challenges.
Inspiration - Recognized the impact of financial pressures
on children's education.
Problem in Bangladesh’s Education System - 14% drop-out
rate, 2 million children fail to achieve literacy each year.
Vision for Change - Created AlterYouth to provide
scholarships to financially struggling students.
2018 - Founded AlterYouth, a C2C app for directly funding
scholarships for students.
Solving a Critical Issue - Focused on preventing children
from dropping out to work or marry.
Empowering the Diaspora - Tapped into Bangladesh’s global
diaspora to support education.
Digital Solution - Leveraged digital banking for transparent
and efficient scholarship transfers.
Future Vision - Aims to expand AlterYouth’s impact and
create lasting educational change in Bangladesh.
