Income Generation and Support ...

Income Generation and Support Initiative

Project title: Income Generation and Support Initiative (first and second phases)
Donor: USAID / New Economic Opportunities; Stichting Vluchteling 
Term:
First phase: 1 September 2012 – 28 February 2014 
Second phase: 15 August 2014 – 30 September 2015
Budget:
First phase: 452,028 GEL 
Second phase: 423,117 GEL
Number of Beneficiaries:
First phase: 342 interest-free loan recipient
Second phase: 320 interest-free loan recipient
Project Objective: To support internally displaced and local vulnerable persons in developing effective business initiatives in order to assist them in overcoming their economic isolation and to regain their financial independence and self-sufficiency through training and the issuance of interest-free loans for the establishment and expansion of small businesses.
Achieved Outcomes:
First phase: 76% of beneficiaries increased their income by an average of 36%. Additional benefits to beneficiaries within the project timeframe totaled GEL 200,000. The repayment rate of loans exceeded 98%.
Second phase: 455 individuals attended business management training, and 320 beneficiaries received interest-free loans totaling 282,840 GEL to start or develop their business activities. The businesses were funded in the following areas: trade- 87, production – 15, service – 11, and agriculture – 207.
Target Regions: Shida Kartli, Kvemo Kartli, Mtskheta-Mtianeti, Imereti and Samtskhe-Javakheti.

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