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Aboriginal youth loans launched.


The first loans have been made to student groups at the Ponoka Outreach Outreach is an effort by an organization or group to connect its ideas or practices to the efforts of other organizations, groups, specific audiences or the general public.  High School in Ponoka AB under the Aboriginal Youth Lending Circle program of the Business Development Corporation.

Each group of students will receive financing of up to one thousand dollars per project for their business plan. Members of each group act as guarantors for the project and the loans are interest free.

The Crown corporation has created the Aboriginal Youth Lending Circle program to support youth entrepreneurship en·tre·pre·neur  
n.
A person who organizes, operates, and assumes the risk for a business venture.



[French, from Old French, from entreprendre, to undertake; see enterprise.
 in high schools. Backed by the BDC's Aboriginal Banking, Ponoka High School offers students training on entrepreneurship and business and will cover such topics as human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , financial planning Financial planning

Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against
, marketing and problem resolution. The course offers interactive business planning resources and access to mentors online, using BDC's E-Spirit distance learning.

lhrycan@wolfcreek.ab.ca
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Title Annotation:GENERAL
Publication:Community Action
Date:Feb 20, 2006
Words:134
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