Vocational Training and Startup Financing
Silatech provides technical assistance and training to improve the impact of MFW's existing "Mihnati" program. Mihnati is a loan product that finances vocational education and training. Silatech is jointly developing "Makinati," a loan product for young startup entrepreneurs targeted mostly to graduates of the Mihnati program.
Launched in partnership with UK-based Mindmill in 2011, Tamheed delivers quality career advice and placement support services. It provides youth-serving organizations (YSOs) with a complete toolkit for setting up a sustainable career advising practice. This includes highly predictive and user-friendly psychometric assessments delivered online in Arabic, English and French, the results of which can be used for both advice guidance and screening.
Tamheed career guidance services are provided in an extensive network of physical career centers found throughout the region, as well as online. Tamheed is a core component of the support we provide to Career and Job Placement Centers, and is complimented by capacity building in areas of soft-skills training, internships and job placement. Tamheed career guidance is integrated into Silatech’s and Microsoft's online employability portals (ta3mal.com). Tamheed’s psychometric assessments are also used by employers and training institutions to support the screening and selection of candidates, helping match candidates with the best-fit opportunities.
When launched, “Narwi” will be the first online Micro-Endowment (or Waqf) platform. It will allow users to create a personal Endowment that they can contribute toward financing the young Arab micro-entrepreneur of their choice. Our mission is to connect these young micro-entrepreneurs with capital and knowledge, mobilized through the crowd, which enables them to grow sustainable businesses and create jobs for others. These endowments are reimbursed into the users’ account as the micro-entrepreneur makes their repayments, so that contributions move on to support others as well. Narwi will be implemented with a network of international and regional partners; it follows Silatech's successful partnership with Kiva in implementing "Kiva Arab Youth."
Youth Enterprise Program with Tamweelcom
Silatech provides technical assistance and financial support to Tamweelcom, one of Jordan’s largest and most established MFIs. The objective is to target socially and economically challenged youth with start up business projects in Jordan.
Kiva Arab Youth
Started in March 2012, Kiva Arab Youth is a partnership between Silatech and Kiva, the world's largest microlending platform which allows visitors to make direct, online loans of as little as $25 to young Arabs of their choice who are either starting a new business or seeking to expand an existing one. As of March 2014, Kiva Arab Youth had mobilized over 150,000 individuals who collectively have lent more than $6.7 million to fund 5,000 young Arab entrepreneurs through MFI field partners in six countries (Lebanon, Palestine, Iraq, Jordan, Yemen and Somalia, the latter two having been brokered by Silatech).