Helping youths for better tomorrow
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.