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Mercy Corps Mongolia supports youth entrepreneurship in the livestock sector.

On Wednesday, June 6 Mercy Corps Mongolia held an award ceremony and business showcase in Ulaanbaatar, celebrating youth entrepreneurship in the livestock sector.

This event was a follow up of the Youth Start-up Support Program, a series of five-day competitions held over four weeks in which 129 emerging young livestock entrepreneurs from Bulgan, Khentii and Selenge provinces—each between 18-35—competed against each other for the chance to win MNT 5 million in seed capital.

The four teams with the strongest pitches, as determined by a panel of judges that included bankers, businessmen, and government personnel, emerged to receive the MNT 5 million grant and an invitation to an intensive eight-month training program designed to build the organizational capacities of small livestock businesses.

Ranging in scope from specialized breeding operations to down-stream meat processors, the winning entities were invited to share their business ideas with industry leaders at a showcase in Ulaanbaatar. The event, which included keynote presentations from banking and business development organizations, provided representatives from all four entities with the opportunity to learn more about the growing eco-system of small businesses they were now a part of and about the financial products and services now available to them.

It also introduced top lenders like Khan Bank and Xac Bank to a new generation of borrowers, moving Mercy Corps Mongolia closer to its commitment to create new opportunities for youth integration and inclusion within the livestock sector.

Youth participation is a key component to the Resilient Communities Program (2017-2019), which builds the resilience capacities of rural communities through an inclusive livestock market approach to development involving herders and cooperatives, private meat businesses and government partners.

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