2003: The State Program for Temporary and Permanent Employment of the Unemployed Persons
2003: ABCO implemented the Training and Consulting component of the State Program for Temporary and Permanent Employment of the Unemployed Persons. Under the program, 452 registered unemployed persons were selected (through testing), subsequently trained and provided with individual consulting in business planning. As result of the program implementation, business plans were developed by 208 program participants, 98 unempoyed persons receved bank loans and started their own business. At the same time, consulting was provided for those entrepreneurs as well, which prepared their business plans within the framework of the state program for "Facilitation of Social Security and Employment of the Unemployed". At the stage of loan allocation and project implementation, consulting was provided for both above groups - established businessmen (considered as beneficiaries of the program) and to former unemployed persons who had just started their businesses. This training and consulting program was tied with a credit-line, implemented through the "Bank of Georgia" (more...);