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    Micro grants awarded to business owners in Iskandariyah

    Micro grants awarded to business owners in Iskandariyah

    Courtesy Photo | Students from the Babylon Center for Economy Development received micro grants, Jan....... read more read more

    ISKANDARIYAH, IRAQ

    02.01.2008

    Courtesy Story

    4th Infantry Brigade Combat Team, 3rd Infantry Division Public Affairs

    4th Brigade Combat Team, 3rd Infantry Division Public Affairs Office

    FORWARD OPERATING BASE KALSU, Iraq – Students from the Babylon Center for Economical Development received micro grants in a ceremony, Jan. 26, in Iskandariyah.

    The micro grants ranged from $1000 and $2500; the total awarded was $27,250. The grants were made to nine existing businesses and six new businesses.

    More than 100 local business owners in Iskandariyah participated in the class. There was no fee for the class and enrollment was open to everyone, male and female, prospective and current business owners.

    The course taught basic business theory, accounting procedures and business planning. At the end of the course, all of the students created a business plan to help model possible growth of their business.

    The instructors mentored the students with their business plans and then selected the top 15 plans to receive micro grants.

    The Commander of 2nd Battalion, 502nd Infantry Regiment, Lt. Col. Michael Getchell, met with the top graduates from the business training and personally thanked the recipients for their efforts to improve their business.

    "I am opening up a café. This is my first business. It's the first kind of business for this area; a small shop that sells snacks and sandwiches," said one of the recipients, Eltiat Ali Globe, one of three women who received a grant, "I was very surprised when they told us that we would receive the grant. We did not expect that news."

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    NEWS INFO

    Date Taken: 02.01.2008
    Date Posted: 02.01.2008 07:37
    Story ID: 15956
    Location: ISKANDARIYAH, IQ

    Web Views: 533
    Downloads: 515

    PUBLIC DOMAIN