Luso and Luka Avchaleli, both entrepreneurs in Samshvilde village, have recently received grants to invest in their respective businesses. Luso has used the funding to create Orbis Bude, a tourist information and services hub as well as a youth community center. Luka, on the other hand, invested in irrigation equipment for his farm-equipment business.
While securing financing for their projects was a challenge, both entrepreneurs were able to overcome it with hard work and determination. Luso had to navigate the difficulties of starting a business and managing the accounting while Luka had to contribute a minimum of 30 percent of the total project cost as per the economic grants’ requirements. Despite these obstacles, they were able to obtain funding and put in the physical labor needed to build everything at Orbis Bude.
The success of these grants is evident from the high demand for agri-business ventures in areas where farmers lack access to modern agricultural machinery. Since its inception, 73 entrepreneurs across various business areas have been funded. The economic growth of the region is also benefiting from these grants, providing opportunities for entrepreneurs to invest in their businesses and contribute to the region’s economy.
Overall, Luso’s creation of Orbis Bude and Luka’s investment in irrigation equipment are prime examples of how economic grants can provide much-needed support for entrepreneurs looking to grow their businesses and contribute positively to their communities.