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Outline of Need:
Not too many teenagers have their own businesses. But with the help of Rural Development, two Michigan teenagers established a lawn care company under the Youth Business Loan Program. Learning responsibility and how to support them will be a vital tool in future successes for these teenagers.
How Rural Development Helped:
With a $550 loan, Shamica and Willie Williams established the Williams Lawn Care in Baldwin, Michigan. "I am elated to have my own business at the age of 16," said Shamica Williams. The loan helped her and her brother purchase a lawn mover, weed whacker, and a leaf blower and become striving entrepreneurs at such a young age.
The Youth Business Loan Program encourages teenagers to apply for a business start-up loan. Applicants must have a sponsor and submit a business plan. The USDA Rural Development Office in Baldwin sponsored Shamica and Willie Williams. The program allows young people to start their own business and give them the opportunity for self-employment. This is especially important in rural areas where often there is a lack of job opportunities for young people.
The Results:
In addition to learning vital job skills, the program also provides the opportunity for young people to learn financial responsibility at a young age. These are all tools that are crucial to young people and help them become successful adults.
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