Help­ing youths for bet­ter to­mor­row

Bhutan Times - - Home - Ugyen Cho­den

All it takes is an idea for a project to be­come an or­ga­ni­za­tion. Rec­og­niz­ing the im­por­tance of youths in giv­ing the econ­omy the boost, to take it a notch higher, and cre­ate jobs for the unem­ployed. Get­ting a job is not easy for many youths and it leads them into frus­tra­tion and em­bar­rass­ment.

Now with the es­tab­lish­ment of Youth Busi­ness Co­op­er­a­tive, (also known as YBC) many youths dream will be ful­filled and will be em­ployed too. YBC is aimed at em­pow­er­ing the youth and mak­ing it pos­si­ble for the young lead­ers to show a path to­wards self em­ploy­ment with co­op­er­a­tive model.

The YBC be­gan in April with the ob­jec­tives of mak­ing YBC a vi­able or­ga­ni­za­tion with a sus­tain­able source of in­come from the youth mem­bers in busi­ness with main fo­cus on re­duc­ing youth un­em­ploy­ment in the coun­try.

Tshe­wang Tashi, the founder of YBC, points out that YBC was launched with the in­ten­tion to be­come the cen­tre place for ev­ery youth in Bhutan to draw in­spi­ra­tion for their fu­ture busi­ness be­com­ing the first Youth Co­op­er­a­tives cre­at­ing self em­ploy­ments, a strong devel­op­ment part­ner for the coun­try, con­tribut­ing to Gross Na­tional Hap­pi­ness.

He men­tioned that “There’s an in­creas­ing num­ber of youth, who are with­out job, and ac­cess­ing loans from the banks isn’t easy, un­less there’s a re­li­able source of in­come or col­lat­eral.”

“The YBC busi­ness con­cen­trates more on en­hanc­ing ef­fi­ciency in co­op­er­a­tive

man­age­ment, busi­ness devel­op­ment for the youths, and es­tab­lish­ment of strong

sav­ings in the co­op­er­a­tive, es­tab­lish Youth Credit, and ed­u­cat­ing youths to­wards

self em­ploy­ment and na­tion build­ing.” He said.

Ac­cord­ing to the founder, the first YBC meet­ing started on April 14 with a batch of 15 mem­bers. Be­sides the fund mak­ing eq­uity in­vest­ments into the busi­ness, youths will also be ex­pected to con­trib­ute their own cap­i­tal into the ven­ture, along with their sweat eq­uity.

“There are am­ple op­por­tu­ni­ties, open­ing up for new and in­no­va­tive busi­nesses, youths sim­ply need to be proac­tive.” He added.

Ac­cord­ing to the Chair­man of YBC, Yeshey, by next five years we are hop­ing to have 1000 youths as mem­ber and es­tab­lish a strong co­op­er­a­tive sav­ings worth Nu. 40.00 mil­lion to start 300 dif­fer­ent busi­nesses owned by youth mem­bers across the coun­try.

“YBC will build a sus­tain­able source of credit line for youth to get easy ac­cess to soft

Loan to start small busi­ness. The mem­bers will be pro­vided with small loans with

Min­i­mal in­ter­est rate. The money will be ploughed back into the Youth credit Sav­ings.” He added.

The youths in YBC works in part­ner­ship with each other to be­come lead­ers on is­sues that mat­ter to them and de­velop skills that will be use­ful for the rest of their lives.

YBC is a di­verse group of youth that helps to trans­form ex­ist­ing fo­rums of de­ci­sion mak­ing tra­di­tion­ally re­served for adults.

The YBC is com­mit­ted to­wards cre­at­ing ex­cel­lent op­por­tu­ni­ties for youth to have a strong im­pact in their county where their voices are en­cour­aged, wel­comed, and def­i­nitely cel­e­brated.

The or­ga­ni­za­tion is also geared to­wards chang­ing the mind­set of youths, es­pe­cially up­com­ing unem­ployed youths, from be­ing an em­ploy­ment seeker to an em­ploy­ment cre­ator.

Karma Deki, who is a mem­ber of YBC, said it is an op­por­tu­nity for any­one as­pir­ing to be­come suc­cess­ful. “One has to be se­ri­ous about the in­ten­tion, com­mit­ted and hard­work­ing.”

An­other mem­ber, Karma Yeshi, said the or­ga­ni­za­tion helped or­ga­nize his busi­ness plans in a pro­fes­sional man­ner.

“YBC guided me in ev­ery as­pect of the busi­ness, start­ing from mak­ing vis­its to var­i­ous in­sti­tu­tions for aware­ness, to re­struc­tur­ing my busi­ness plans,” he said.

YBC hopes to help com­bat the ris­ing con­cern of youth un­em­ploy­ment and ur­ban­iza­tion. More im­por­tantly, it aims to em­power the youth and mak­ing it pos­si­ble for the young lead­ers to show a path to­wards self em­ploy­ment with co­op­er­a­tive model.

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