2002: The State Program for Temporary and Permanent Employment of the Unemployed Persons
2002: ABCO implemented the Training and Consulting component of the State Program for Temporary and Permanent Employment of the Unemployed Persons. Under the program, 234 registered unemployed persons were selected (through testing), subsequently trained and provided with direct consulting in business planning. As result of the program implementation, 110 business plans were developed by participants, 51 unempoyed persons receved bank loans and started their own business. Simultaneously, consulting was also provided to entrepreneurs who prepared their business plans in framework of the state program for "Facilitation of Social Security and Employment of the Unemployed". From the 51 financed businesses, 48 enterpreneurs subsequently returned the credit successfully and in due time . This training and consulting program was tied to a credit-line provided through "Bank of Georgia" (more...);