Youth Business Development Project

Beneficiaries Description: 30 potential young entrepreneurs from Gegharkunik and Lori  marzes of Armenia

Project Area: Gegharkunik and Lori regions of Armenia 

Project Goals: 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:

  • To empower 23-36 age young people from the Gegharkunik and Lori regions of Armenia to start or expand their entrepreneurial activities - by providing business trainings, consultancy and continues mentoring to sustain. 
  • To provide prospective young entrepreneurs with an access to affordable loan capital.
  • To 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:September 1, 2015
End Date:September 30, 2021
Coordinator / Responsible Person:Alina Hovhannisyan
Implementer: JMF, BSC, CEED, WV, CARD
Project Cost by JMF: AMD: 55,607,040  USD: 115,848
Project Cost by WV and other donors:AMD: 37,992,960 USD: 79,152
Beneficiaries Number:30