According to the Public Relations Department of Barakat Foundation, in the framework of SAHAB society-based initiative (Barakat job creation supportive investment) and with a credit more than 100 billion rials, this foundation, as an affiliated foundation of the Imam Khomeini’s Order will operationalize 300 job creation projects in Takab City, West Azarbaijan Province, by the yearend.
These 300 job creation projects including breeding livestock and beekeeping will be launched and completed in 72 villages of Takab County.
About 250 projects have been started to work so far and the remaining projects will start to work by the yearend. Likewise, more than 60 billion rials has been expensed to conduct such projects and it is predicted that this size of investment will reach 100 billion rials by the yearend.
After passing different phases such as technical and credit qualifications, these 300 job creation projects have been selected out of 1115 suggested projects.
In the SAHAB society-based model (Barakat’s job creation supportive investment), after taking the necessary conditions, Barakat Foundation introduces the applicants to the agent bank to receive loans up to 300 million rials, without interest and with 4% fees, and they will be covered with supports and educations of this foundation.
In this initiative, firstly the Barakat’s employment development committee composed of governor, Friday Prayers Imam, representative of EIKO, aldermen, executives and facilitators in the target areas. Then, some certain villages are selected to form business opportunities, and executives and facilitators of Barakat Foundation will start to disseminate information across the villages. After enrolling the applicants, technical and credit qualification stages will be started and eventually, the qualified applicants will be introduced to the agent bank to take their loans.
Barakat Foundation, an affiliated foundation of the Execution of Imam Khomeini’s Order, has launched and finalized 10000 job creation projects in the framework of society-based projects across the deprived and less-developed regions of the country.
