Rural livelihoods continue to improve in rural Armenia, where NEF’s project in support of entrepreneurs is helping to rebuild the economy, and break the cycle of unemployment and poverty.
In the first three months of 2012, a total of six entrepreneurs received funding for their business ventures. The entrepreneurs are from four rural villages in the regions of Artsakh/Nagorno-Karabakh, Gegharkunik, and Tavush.
Each of the businesses has a different focus. The range of enterprises includes a beekeeping venture, dried fruit production, a souvenir shop, a bakery, a sheep-breeding farm, and a vegetable greenhouse.
Since 2008, NEF has worked with local partners in rural Armenia to promote sustainable local economic development by strengthening economic sub-sectors (such as the ones supported in 2012) where rural areas have a competitive advantage. Our program helps at every stage of business development – from formulating a business plan to gaining access to micro-credit (capital) and providing ongoing mentoring and support services during the launch phase.
We thank you for your generous support, which is helping entrepreneurs build strong businesses and contribute to the revitalization of their communities!
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