Micro Grants Continue to Work in Iraq
Wednesday, March 2nd, 2011
A soldier from the 1st Bn., 8th Inf. Reg., 3rd AAB, 4th Inf. Div., distributes equipment from the micro-grant program to a local Iraqi businessman who plans to expand his business. The micro-grants are expected to boost the local economy. Photo by Spc. Chastity Boykin
With the improvement of security, the business community is in a better position to grow. But in order to grow, some small businesses need some help.Soldiers from the 1st Battalion, 8th Infantry Regiment, 3rd Advise and Assist Brigade, 4th Infantry Division, recently distributed micro-grants to 36 small business owners in Maysan province.
The micro-grant program is designed to stimulate the local economy by improving and expanding local businesses, said Maysan Provincial Reconstruction Team economic advisor, Donna Carter.
U.S. forces issue micro-grants in sums of up to $5,000 to Iraqi small business owners who are chosen after a deliberate application process. Approximately 30 days after the micro-grants are issued, U.S. troops will follow up to assess the business owners’ progress.
A micro-grant recipient and local car-repair shop owner said he plans on using the new equipment, a car jack, tools, and a generator, from the grant to improve his business and expand his shop.
According to Sgt. 1st Class William Riley, project manager for Maysan, with Battery A, 3rd Battalion, 29th Field Artillery Regiment, assigned to 1st Bn., 8th Inf. Regt., business owners who wish to receive a grant must first provide a plan of action of how the grant will be used. Businesses are then screened according to how the grant will impact the individual business and the local economy.
“Many of these shops lack the essential equipment to efficiently conduct day-to-day operations. By providing tools to help make these shops viable economically, it provides an opportunity for them to grow and contribute to the overall economic health and stability of the province,” said Riley.
DVIDS
Story by Spc. Chastity Boykin



