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Founder of Black family-owned nonprofit to give away $50,000 twice a month for 100 years

Niamke Muhammad

Founder of Black family-owned  nonprofit to give away $50,000 twice a month for 100 years
August 12
11:02 2021

Nationwide (BlackNews.com) – Niamke Muhammad wants to see more Black entrepreneurs become successful, so he formed The B Network Group. The company is family-owned and yearns to help Black people put their products in the marketplace and make a way to provide for their families. The B Network Group started the company with the core values of contributing to the community and building trust through transparency. Niamke knew that $50,000 alone would NOT get a product into a major grocery store overnight, but he realized it would be the start of the process for a Black entrepreneur into becoming an organic household brand.

The B Network Group affirms that if you come up with a solid business plan, they will fund it. They aren’t seeking corporate, celebrity backing, or sponsorships; they want the support to come from us, our people. A mere sacrifice of not hanging out and a donation of $50, The B Network Group feels the company would be on its way to becoming financially independent and in a position to help individuals that are helping the community.

Furthermore, they firmly believe there to be thousands if not hundreds of thousands of African/African American people who have great ideas that can help and support the whole community, but can’t find the finances to get started. Hence, The B Network Group wanted to fund those ideas. Believing that by funding these ideas, they will encourage millions of people to go after their dreams and live their best life.

The $50K allotment will go to anyone who has a business plan that will create jobs and industry in the African/African American communities across the globe. He also plans to choose one company, corporation or nonprofit a year to give $500,000 that aligns with the company’s goals, principles, and advocations.

Niamke comments, “We are simply asking four million people to donate $50. This small one-time donation will provide generational wealth and motivate millions to become entrepreneurs. We believe if we can show the world that by giving up one night of partying, we can provide one hundred years of financial independence, that will be a great start and a true sign of community maturity.”

Additionally, The B Network Group has a vision to get Black entrepreneurs up and running and putting them in their marketplace. As an organization, they believe that when you go to the store, there should be African or African American choices on the shelves too.

An example of this desire would be to see Kenyata’s Kleaning Solutions on the shelves as a possible disinfectant, not just Pine-Sol, Fabuloso, and Lysol.

Besides their vision to bring Black entrepreneurs into the marketplace, The B Network Group has developed a masterful strategy to achieve this goal. If four million people donate $50, $200 million dollars will be raised. The plan is to divide 85% of all donations to a charitable cause and 15% will go to The B Network Group.

Living by the core value of Building Trust through Transparency, the money will be broken down in the following manner: $120 million will be allocated to giving away $50,000 twice a month, every month for 100 years. $50 million will be allocated to give away $500,000 to a business once a year for 100 years,

Thirty million dollars will be allocated to The B Network Group. Once the initial startup money is received, we will instantly begin the process of ensuring there is an African/African American choice in all fields of business in the United States and internationally. Of the $30 million received, $10 million will be spent on finding and funding educational outlets for the African/African American community. Moreover, $15 million will be spent on finding and funding health care outlets for the African/African American community, $5 million will be spent on all expenses for running The B Network Group, which includes giving small amounts to various organizations and funding international charities that align with The B Network Group’s vision of an African/African American choice in business.

If four million African/African Americans agree to sacrifice one night of fun, 100 years of financial stability will be created. “Our vision is that the task of putting Black entrepreneurs into business is done.” “For Us, By Us” – Daymond John.

For more information about The B Network Group, please visit the web site at TheBNetworkGroup.org or email the founder, Niamke Muhammad at weecan@nullthebnetworkgroup.org.

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