17 April 2018

Liberia: Lace to Provide Business Start-Up Grants for Youth

A project intended to provide business start-up grants for youth in 10 communities in Montserrado County has been launched by the Government of Liberia (GoL) through the Liberia Agency for Community Empowerment (LACE) and House Hold Enterprise (HHE) sub-component.

The HHE, which was launched on Monday, April 16, is a sub-component of the Youth Opportunities Project, which will provide business start-up grants for youth and life-skills training to select beneficiaries to properly manage their own businesses.

Joseph Williams, LACE Executive Director, said the initiative is part of the government's plan to help create an enabling environment for young people between the ages of 18-35 and to create their own revenue through household enterprise and agriculture-related activities.

"This sub-component is targeting 3,000 beneficiaries over the 5-year implementation period of the Youth Opportunities Project (YOP)," he explained.

He added that the project is being sponsored by the World Bank to the tone of US$10 million. Mr. Williams commended the World Bank for the support, which he noted will go a long way for the young people of Liberia and the benefiting communities.

The LACE Deputy Executive Director further noted that the project is placed into several components but LACE is focused on two components to include: The Household enterprise and the Productive, Public Works and life skills support.

The ministries of Youth and Sports, as well as Gender, Children and Social Protection, and the Liberia Agency for Community Empowerment are the sole implementing partners under the YOP program.

After the transparent lottery process, Williams said, 80 beneficiaries will be selected and they will go through a three-week youth orientation training by the service provider Education Care. After the training, the group will be divided into eight and each group will receive US$2,500 as a start-up.

At the completion of the training, Education Care, the service provider, will identify the line of businesses for the beneficiaries and will place them in a group of eight and subsequently work with them for its effective establishment.

In a symbolic style to show the transparency of the lottery exercise, Williams shook a white bucket in front of the participants and picked one of the tickets that identified Ms. Love Kromah as the first lucky winner. In a brief interview with reporters, Ms. Kromah thanked LACE and other stakeholders of the project for putting a smile on her face.

She promised to utilize wisely whatever she will receive from the project, in a move to sustain herself. West Point, Sonewhein, Logan Town, Clara Town and many others are part of the communities benefiting from the project.

Liberia

Over L$15 Billion Outside Banking System

The acting chairman of the Board of Governors and incoming Executive Governor of CBL, Nathaniel Patray, has revealed… Read more »

See What Everyone is Watching

Copyright © 2018 Liberian Observer. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 800 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.