Trilateral MoU Aimed at Supporting Carpet Sale, Job Creation

A trilateral memorandum of understanding has been signed by Omid Entrepreneurship Fund, Iran’s National Carpet Center and the private sector for generating sustainable jobs and lending support to the hand-woven carpet sector. 
“As per the MoU, hand-woven carpets will be sold on credit to Iranian households in the next fiscal year [starting March 21],” said Farahnaz Rafe’, the head of the center, was quoted as saying by Mehr News Agency. 
With loans worth 500 million rials ($2,000) granted by Omid Entrepreneurship Fund, Iranian households will be able to buy hand-woven carpets, she added. 
Rafe’ noted that more than one million jobs will be created, if they buy at least one carpet.