The Kuru Kuru Cooperative College is among the list of local institutions identified to provide training for small business owners who will benefit from material and technical support under the US$5 million project, ‘Building Alternative Livelihoods for Vulnerable Groups’.
A Memorandum of Understanding signed between the college and the Small Business Bureau administered
by the Ministry of Tourism, Industry and Commerce allows the college to provide “training and technical capacity development to clients sent by the bureau on a needs basis.”
Stabroek Business understands that the training requested for small business owners includes ‘vision in venture workshops’, basic business management skills including financial management among other types of skills associated with the day-to-day management of small businesses.
Training has been identified as a critical component of the support being provided to the small businesses by the bureau. Several weeks ago the bureau’s Chief Executive Officer Derrick Cummings told this newspaper in an extended interview that part of the role of the bureau was to ensure that beneficiaries of the project were effectively equipped to manage a business enterprise that had a good chance of doing well.
Cummings said the training had to do with equipping the beneficiaries to fulfil their obligations both to themselves and to the lending institutions including the local commercial banks. He said part of the responsibility of the bureau would be to assess the training needs of the small business owners and to plan the courses in conjunction with the delivering agencies, including the college.
