Loden-DHI FundPosted on: January 7th, 2017
Loden Foundation is pleased to announce the call for business proposals from aspiring Bhutanese entrepreneurs for the third round of Loden-DHI Fund. The Loden-DHI fund is a separate funding window created jointly under Loden and DHI and it aims to support young Bhutanese men and women in entrepreneurial business ventures. It was launched in September 2015 to help young people realize their dreams by providing them initial funds to start new business enterprises or expand existing businesses. By helping young people to be self-starters in business enterprises, the programme hopes to cultivate entrepreneurial skills in the youth, create employment and promote a self-sufficient economy. The size of the fund will range from Nu. 100,000 (one hundred thousand) to Nu. 1,500,000 (one and half million ngultrum) repayable within three to five years but the amount offered will depend on the proposed business project. We have a policy to support only businesses which are ethical and culturally and ecologically conducive for Bhutan. Businesses which can generate employment and are located outside Thimphu are encouraged.
The interested applicants must submit:
1. A business plan (not exceeding 15 pages)
2. Curriculum Vitae
3. Personal statement of explaining why you are interested in the chosen project
4. If you are re-applying with the same idea, you must explicitly mention what is new in your business plan
You must send an electronic copy of your documents to firstname.lastname@example.org and a print copy to the Loden Foundation, Post box No. 131, Thimphu latest by 4.00 PM, 28 February, 2017.