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 |