Kyrgyzstan: Teaching finance

I ran across this article on the Motley Fool’s philanthropy site.  Here is the first sentence:

Across the world, a profound disaster is unfolding: Over the next 10 years, 1 billion young people in developing countries will be competing for about 300 million jobs.

Okay, so these are the choices: create businesses, hire people, or expect them to figure out an illicit business, or, expect them to starve.  Or, we could teach the next generation of entrepreneurs.  That is foolanthropy’s goal, and Mercy Corps has been granted money from foolanthropy to work in Kyrgyzstan.  According to a Mercy Corps press release, the program pairs high-school graduates with craftsmen such as metal-workers in order to teach skilled labor.   There is also a second program which concentrates upon fruit tree development on a community0wide basis in the Ferghana Valley.  A third program uses microfinance to help entrepreneurs develop businesses and jobs.

Further reading:
Mercy Corp’s report on their Ferghana Valley projects 

One Response to “Kyrgyzstan: Teaching finance”

  1. Global Voices Online » Kyrgyzstan: Teaching finance Says:

    […] Bboyd reacts on the predicted unemployment catastrophe among young people in the developing countries, and gives some recommendations for the aid organizations on how to fight it. Share This […]

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