QUEST Project:

Quest/ BRS&F is one of main project in Lutheran World Federation funded by Kerk in Actie and technically supported by Truvalu. The project is in partnership with CAPNI and Rwanga Foundation to support the SMEs aiming to recover and expand the SMEs’ services and product lines. Furthermore, to also contribute in creating unlimited job opportunities in Duhok and Ninawa governorates.

The objective of this project is to contribute in a long-term sustainable social- economic recovery targeting disastrous societies through providing sustainable income source through restarting/ scaling up SME’s and providing job opportunities in diverse community.

Overall, the concept of Quest/BRS&F consists of a tailor-made package of a loan, business development support, and technical assistance to the companies’ management, as well as Technical & Vocational Training to its current and new employees/workers. It also integrates the approach developed by Kerk in Actie for repairing the social fabric of communities under the curriculum called ‘’Shared Futured’’ by bringing entrepreneurs and employees with different backgrounds together in an economic activity - from among refugees, displaced and residents and with different religious, ethnic, social, economic, gender and abilities – Quest/BRS&F contributes to social cohesion at the personal, interpersonal and community levels.

Services:
  • Tailor made package of loans: Entrepreneurs can apply for a loan of their request of a minimum $5,000 and a maximum $20,000 depending on the size of their business need. These loans can be repaid up to 36 months with a small amount as an annual management fee. A loan can only be received when entrepreneurs also fully participate in the following two services:
  • Technical, Vocational and Educational Training (TVET): A package of training will be discussed with business owner right after the success of their application to further develop their businesses and make them compete in the market.
  • Social Cohesion Sessions: Based on the global concept of shared futures, a set of social cohesion sessions will be provided to business owners and their staff to enhance the social impact at personal, interpersonal and community levels.


Financial Allocation
Description Amount in USD
Loan Size $5,000 - $20,000
Admin Fees 7% onetime payment
Grace period 3-6 months
Repayment Schedule 24-36 months