Youth Business Armenia 2019-2022

Beneficiaries Description: About 100 young people from Gegharkunik, Lori, Shirak, Tavush and Syunik regions of Armenia to be benefited from the initial business idea generation and development training, out of which 30-50 will be engaged into business planning and management training, and 20-30 potential young entrepreneurs will be financed and supported throughout the entire project. 

Project Area: Gegharkunik, Lori, Shirak, Syunik and Tavush regions of Armenia 

Project Goal: to support young people in the regions of Armenia in their need for entrepreneurial success, and to contribute to the creation and expansion of youth-led enterprises, thus promoting development of the local private sector and helping to alleviate the poverty and social disparities. 

Project Objectives: 

  • Empower 18-35 age young people from the Gegharkunik, Lori,  Shirak, Tavush and Syunik regions of Armenia to start or expand their entrepreneurial activities by providing business trainings, consultancy and continues mentoring to sustain.
  • Provide prospective young entrepreneurs with an access to affordable loan capital.
  • Increase the employment opportunities for the regional young people to remain and work in their communities, improve the economic state of their families and communities.
Project Type:Self-developed
Start Date:October 10, 2019
End Date:September 30, 2022
Coordinator / Responsible Person:Liana Sargsyan, Hasmik Sevumyan
Implementer: JMF, BSC, CARD
Project Cost by JMF: AMD: 69,505,000 USD: 143,309
Beneficiaries Number:100