Sunday, August 28, 2011

Business initiative reduces poverty, unemployment in Yemen

Ten years ago, Yemeni entrepreneur Rashad al-Sharabi established a small print shop in Sanaa comprised of only five employees. However, after taking advantage of a government assistance program for small business industries, he has been reaping great success that has "spurred him to widen the scope of his ambition". The government programme enabled al-Sharabi to quickly repay his initial 10 million riyals start-up loan within one year of opening his shop.

According to officials and economists, the government initiative is boon for entrepreneurs in that it combats both unemployment and poverty
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Source: http://www.albawaba.com/business-initiative-reduces-poverty-unemployment-387520

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