10 Ways to Fund your Chancenkarte Blocked Account

Let us get straight to the point: if you want to move to in Germany using the Chancenkarte visa, one of the key requirement for applicants is the Blocked Account. Why? Because without the Blocked Account also known as a ‘Sperrkonto’ your Chancenkarte visa application might get rejected, so you can no longer come look for work in Germany.

It is possible to lose hope considering the fact that majority of the would be applicants may lack the required €12,324.00 blocked account fee to start the process. Despite the fact that this may sound too far away from reality, it is possible to achieve this important milestone. 

Tony Kipsanai, in a recent interview with Rajore Clan Youtube channel, mentioned that he raised the money for the blocked account through the help of his family and friends in Kenya. He got his visa and travelled to Germany. 

It is therefore possible to raise this money. The secret is to start the process early.  Here are some of the possible ways you  can use to raise the money for the blocked account requirement.

1. Short-Term Employment or Side Jobs in Your Home Country

You can look for a side hustle or freelance on platforms such as Upwork, Freelancer, or Fiverr. These platforms can offer you a quick buck to supplement your income and savings to move to Germany.

2. Crowdfunding for Professional Development

There are lots of crowdfunding platforms such as Kickstarter, GoFundMe, Indiegogo, Crowdcube, Crowdfunder, M-changa among others. M-changa is very popular across Eastern African countries. To appeal to your audience, ensure that you explain your needs by focusing on the opportunity and your plan to contribute to the workforce in Germany.

You can share on your social media channels such as LinkedIn to reach a professional audience, especially if you’re seeking a job in a field where you already have connections.

3. Micro-loans or Small Personal Loans

You can approach organizations or platforms that provide small loans with manageable interest rates for individuals needing financial assistance. Savings and Credit Co-operative Societies (SACCOS) are the best leeway if you are already a registered member. Saccos are known for lower interest rates in a reducing balance as you continue to pay the loan.

Alternatively, you can also look for local microfinance organizations that offer loans to help with career advancement.

Investigate if any local banks or credit unions in your home country offer personal loans for professionals with low interest rates. You can show them that Chancenkarte is a direct path to employment in Germany.

4. Financial Assistance from Family or Community

Ask Family and Friends for Contributions: Small donations from family members or friends, especially if you can arrange to repay them once employed, can be a more approachable method. Even small amounts from several people can help reach your goal.

Community Organizations or Professional Networks: Some local community groups, religious organizations, or professional associations may offer support for members seeking international opportunities. Presenting a clear plan with your anticipated career path and timeline can be persuasive.

5. Selling Assets or Services Locally

Dispose of some of your unused items: Look into selling items you may no longer need, like electronics, gadgets, or other valuable items. Platforms like Facebook Marketplace or Craigslist allow you to sell within your local area quickly.

6. Offer Local Services for a Fee

Use any specific skills you have, such as tutoring, graphic design, or computer repair, and offer these services within your community. Some of these gigs can help generate the money within a short period. You will, however, require a lot of financial discipline and commitment to achieve the goal.

7. Apply for Relevant Scholarships or Grants

Professional Development Scholarships: While scholarships are generally aimed at students, some are available for individuals seeking work abroad, especially if you’re in a field that needs talent in Germany, such as tech, engineering, or healthcare.

Foundation Support for Employment Seekers: Some foundations and NGOs provide funding for international job seekers who are seeking employment in specific sectors or are coming from economically disadvantaged backgrounds.  Some of these organizations include DAAD (German Academic Exchange Service). DAAD is however, primarily focused on students, DAAD offers scholarships and funding options for international professionals entering Germany for advanced studies or job-related training. These funds might be used to support your blocked account requirements.

Your friends or relatives can also provide a “Verpflichtungserklärung” (Declaration of Commitment) to demonstrate your financial backing as an alternative to a blocked account.

8. Temporary Work-Exchange Programs

Some work-exchange programs will allow you to work temporarily in exchange for housing or small stipends. This can help you save on living expenses in your home country while setting aside funds for your blocked account.

9. Government Aid Programs

Check for funding initiatives in your home country. Some governments offer loans or financial aid for individuals pursuing education or work abroad. A few common examples include India’s Education Loan Schemes and Skill India Initiatives that cover blocked account requirements, Nigeria’s Tertiary Education Trust Fund (TETFund), and Philippines’ Commission on Filipinos Overseas (CFO).

10. Budgeting and Savings

You can set up a savings Plan: Allocate small amounts consistently towards the blocked account. Create a budget that cuts non-essential expenses and allows you to save.

Automate Savings, if possible: Use banking tools that automate small transfers to a savings account to accumulate funds gradually.

By combining these strategies and planning well in advance, you can ensure your Chancenkarte journey gets off to a strong start.