|IFAD discussion event on "|
"Rural Youth - Why should it be a priority?
- Creating employment by supporting entrepreneurship: Young people often are confronted with a jobless market but have ideas for their own businesses. To give them the funds and capacity needed to turn these ideas into reality, the Finance for Enterprise Development and Employment Creation (FEDEC) project that is working in all areas of Bangladesh provided women and men with access to micro-entrepreneur loans as well as training on business management and technology aspects. Loans averaging USD 1000 supported a broad variety of businesses, ranging from producing cooking tools made of recycled aluminum, to producing clothes, to food processing. Worth noting is that an average of 1.5 additional jobs were created for every entrepreneur supported with a loan. So supporting small entrepreneurs with financial resources and capacity creates new opportunities and perspectives for others as well.