Republic Bank signs youth entrepreneurship MoU
Specialists in Sustained Youth Development and Research (SSYDR) Inc. and Republic Bank (Guyana) Ltd. (RBGL) signed a memorandum of understanding on November 3rd to launch the SSYDR Entrepreneurial Development Programme (SEDP).
A release yesterday from Republic Bank said that SEDP will allow 100 SSYDR youth who were trained in its interactive seven module Work Ready/ Job Readiness curriculum, to access training in Entrepreneurship with the hope of becoming successful business owners.
The initiative will roll out over eight months and will involve training, one-day business challenge, business plan preparations and presentations, grant distribution and business coaching.
The youth during the work ready/ job readiness training covered Personal Development, Interpersonal Communication, Work Habits and
Conduct, Leadership and Teamwork, Safety and Health at Work, Employer and Employee Rights and Responsibilities and Financial Fitness.
Upon completion of the Entrepreneurship/ Be Your Own Boss Training, the release said that they will be able to develop their own business idea and identify the characteristics and traits of a successful business owner.
SSYDR over the six years of its existence has worked with approximately 3000 young persons from regions 1, 2, 3, 4, 5, 6, 7, 9 and 10. Of the 100 youth accessing this training, 50 participants with the best proposals will tap a grant to purchase equipment/supplies towards a business startup. Twenty-five of the 50 youth will access equipment/startup worth GYD250,000.00 and another 25 will access GYD300,000.00 in equipment/startup, the release said.