Iraqi businessmen learn about marketing, loans

Courtesy Photo | BAGHDAD -- Maj. Carlos Molina, a civil-military operations officer from A Company, 425th Civil Affairs Battalion, describes multiple techniques for a small business to develop business plans during a business seminar at the Baghdad University Oct. 8. He stressed the importance of presenting a clear-cut business plan to banking institutions as part of the loan application process.  

BAGHDAD, IRAQ

10.17.2005

Courtesy Story

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4th Brigade Combat Team PAO



BAGHDAD -- More than 40 business owners from the Baghdad area took a crucial first step Oct. 8 toward the economic development of their country at a small-business seminar Oct. 8.

This first-ever event was sponsored by the Al-Rasheed Chamber of Commerce but primarily planned by three individuals: Khalid Jamel, the Al Rashid Chamber of Commerce director general; Baljit Vohra, an expert on regional small-business loans; and Maj. Carlos Molina, a civil-military operations officer from 4th Brigade Combat Team.

Subjects covered during the seminar at the Baghdad University campus in Karradah included small-business loan criteria, business plan development and banking relationships.

Vohra brought some hope to the attendees when he talked about banks that have pledged support for developing economic pluralism in Baghdad.

"There are eight banks in and around Baghdad that have already loaned a combined $2.26 million to local businesses since the fall of the old regime in 2003," Vohra said.

These same banks are continuing their support through additional loan programs.

Molina"assigned to A Company, 425th Civil Affairs Battalion'talked about techniques that could be used by the entrepreneurs to assist their businesses in development.

• Date Taken: 10.17.2005
• Date Posted: 10.17.2005 12:48
• Story ID: 3375
• Location: BAGHDAD, IQ