UNDP Libya continues to support Libya's transition toward economic recovery and sustainable development

UNDP Libya continues to support Libya's transition toward economic recovery and sustainable development

June 05, 2022 - 12:21
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Written By: LibyaMohammed

The United Nations Development Program (UNDP) in Libya is launching a call for proposals managing grant programme for micro and small businesses established by the graduates of the Libyan Korean Centre (LKC) in vocational careers, which aims to support between 25 to 60 companies, and is expected to start implementing it over a period of five months, starting in July until November 2022.

The total value of funding for the projects is $300,000, provided that the administrative costs and the general cost reflected in the financial proposal do not exceed 25% of the total budget.

The objective of this project is to set up the framework, governance mechanisms and distribute grants to graduates of LKC in pursuit of starting a new business. The grants aim to operational service professions, including mobile repair, construction, welders, installation workers, food processing, textile, and other vocations of the LKC, into small enterprises by providing seed capital for the acquisition of the necessary tools, equipment and covering startup costs.

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