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Students with initiative from Moldova begin their own adventure in the business world

Students with initiative from Moldova begin their own adventure in the business world

Starting June, 2015 the Institute for Rural Initiatives with the support of Angello Development Foundation and Significado Foundation has launched a new project initiative „Young Entrepreneur”.

What do you want to be when you grow up? Who is an entrepreneur? What does an entrepreneur do? Are you an entrepreneur? How to start your own business? These are the topics covered by this new project.

The goal of this project is to empower Moldovan young people to become better prepared for meeting life realities, including employment challenges, by cultivating in them a spirit of economic initiative, competition and sense of excellence, and teaching them basic principles of entrepreneurship, efficient time and resources management.

A number of 60 students coming from four communities from Moldova (Gribova, Drochia; Mingir, Hincesti; Zirnesti, Cahul and Alexanderfeld, Cahul ) got enrolled in the “Young Entrepreneur” school benefiting from lessons (master classes) taught by local entrepreneurs.

Now that young entrepreneurs have already learned what does an entrepreneur do and how to start your own business they are ready to move to the practical phase and begin their own adventure in the business world.

Children have received from IRI a cash loan worth 200 MDL. The money was invested in raw materials necessary to start the “business” of their own – meaning children will use this money as a start capital to make a profit and to return the money back later.

At the end of the project, in May, 2016 the Institute for Rural Initiatives in partnership with the administration of the four schools will organize a fair where children will have a chance to sell their handicrafts and make profit.

IRI believes that this program will cultivate an entrepreneurial spirit and healthy competition as well among pupils and encourage Moldovan schools to understand better the importance of cultivating entrepreneurial skills among children since an early age.