Economic Empowerment of Women (Phase I) 2011–2012

Project Information

Full project titleEconomic Empowerment of Women
DonorEuropean Union (EU), through UNDP
Project Value€48,180.00
Donor Contribution€24,880.00
Implementation Period25.12.2011 – 25.06.2012

Project Overview

The primary objective of this project was to systematically increase the number of women entrepreneurs within the rural areas of the Mojkovac and Kolašin municipalities. The initiative was designed to provide women with the necessary business expertise and direct financial incentives required to launch and sustain their own enterprises.

Main Objectives:

  • Economic empowerment of women in rural communities.
  • Development of entrepreneurial skills and management capacities.
  • Reduction of local unemployment through self-employment support.

Key Results

1. Education and Capacity Building
A total of 40 women from Mojkovac and Kolašin successfully completed a comprehensive entrepreneurial training program. The curriculum focused on strengthening skills in strategic planning, marketing, and financial management, effectively preparing them for the challenges of the modern market.

2. Financial Support for Business Initiatives
Following the training sessions, participants developed detailed business plans. Based on the criteria of innovation and sustainability, 19 of the highest-rated business plans received direct financial support, enabling the practical realization of these new female-led ventures.

3. Promotion and Networking
A “Women’s Entrepreneurship Day” was organized in Podgorica, serving as a prominent platform for women from Kolašin, Mojkovac, Pljevlja, and Cetinje to showcase their work and products. This event was instrumental in increasing the visibility of rural businesses and establishing vital professional networks.

Economic Development Project 2011-2013
Economic Empowerment of Women (Phase II) 2011–2012