Youth Business Armenia 2021-2023

Beneficiaries Description:

- At least 80 young people ages 18-35 will participate in business idea generation and orientation sessions in 5 targeted regions
- At least 50 young people out of the above mentioned 80 will participate in business planning trainings in 5 targeted regions
- At least 15 young people out of this cohort will receive subsidized loans to start or scale-up their business.
- At least 20 young people will proceed with their businesses receiving ongoing support

Project Area: Lori, Shirak, Vayots-Dzor, Syunik, Tavush, Gegharkunik and Kotayk 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, access to affordable loan capital and continues mentoring to sustain.
  • 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:JMF Initiative
Start Date:October 01, 2021
End Date:October 31, 2023
Coordinator / Responsible Person:Liana Sargsyan
Implementer: JMF
Co-funder:Calouste Gulbenkian Foundation (CGF)
Project Cost by JMF: AMD: 11,786,365 USD: 23,573 EUR: 20,380
Project Cost by co-funder:AMD: 28,916,500 USD: 57,833 EUR: 50,000
Beneficiaries Number:80 (annual)