Young Grads to get Loans to Start Businesses

The United Nations Educational, Scientific and Cultural Organization (UNESCO) organized today 9 September 2013, an official ceremony to honour the young graduates that will be granted business loans by the Ministry of Labour and Social Affairs in the Kurdistan Regional Government (KRG) in order for them to start their new businesses after successfully undergoing an entrepreneurship training, and submitting their business plans in the framework of the project “Fighting Youth Unemployment Through Education”.

Held in Rotana Hotel in the northern City of Erbil, and attended by the General Director at Minister of Labour and Social Affairs Dr. Arif Hito, and Director of UNESCO Office in Iraq Mrs. Louise Haxthausen, in addition to senior officials involved in this project from the KRG, the ceremony featured the distribution of special certificates for technical and vocational Education and Training (TVET) graduates who participated in the entrepreneurship Knowledge About Business course (KAB) and were selected based on their business plans to receive loans from the ministry to start their own businesses.

In his opening speech, representing the Minister of Labour and Social Affairs HE Asous Najib Abdallah, Dr. Hito praised this project as it meets “with the strategic priorities of the Kurdistan Regional Government, through enabling youth to develop themselves and introduce them to the employment environment”. Dr. Hito also thanked the trainers for their hard work, acknowledging UNESCO’s international expertise and their constructive participation in this project.

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