The United States Agency for International Development (USAID)-Tijara an initiative to promote private sector growth and employment in Iraq, has announced the commencement of its Provincial Economic Growth Program, intended to “offer young Iraqis living in underserved or impoverished areas essential business skills, entrepreneurial opportunities and the chance to qualify for loans to start their own businesses” [1]. The program has received USD 12 million from the United States Ambassador’s Targeted Development Program and is expected to reach 5,000 young people between the ages of 18 and 35. Approximately USD 4.5 million of this grant will be used for lending to these youths.
As Iraq’s unemployment rate is reportedly 30 percent, USAID-Tijara reports that “finding meaningful employment is critical to the creation of a more prosperous and stable society” [1]. For a suite of tools intended to improve the impact of USAID microenterprise programs, you may visit www.microLINKS.org.
About The United States Agency for International Development (USAID)-Tijara:
The United States Agency for International Development (USAID)-Tijara is an initiative to promote private sector growth and employment in Iraq. It aims to foster the growth of micro-, small and medium-sized enterprises (MSMEs). It provides governance, financial services, policy advocacy and technical services. The organization is listed on MIX Market, but there is no financial data offered.
Sources and Additional Resources:
[1] USAID Tijara Iraq. “New USAID Program to Help 5,000 Young Iraqis Acquire Skills, Find Employment, Start New Businesses” on May 23, 2010. http://www.tijara-iraq.com/?pname=open&f=doc101468_newspik044b_web250px….
MicroCapital Universe. USAID-Tijara. https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=USA…
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