Project Name: Support to Green-fielding of a Youth Focussed Microfinance Institution – Kaamil MFI
Inception date: June 2012
Current status: Under development
Expected outcomes: Creation of new microfinance institution providing financial services in 5 locations across Puntland by 2013. Estimated client numbers TBD.
Partner(s): Kaamil Microfinance Institution, Help Leads to Hope NGO
Countries covered: Somalia
Description: Provision of technical and financial assistance to support the launch of Somalia’s first youth-focused microfinance institution, creating scalable youth access to financial services in urban and rural areas in Somalia.
Project Name: Somali Youth Enterprise Initiative
Inception date: June 2012
Current status: Under development
Expected outcomes: 25,000 youth supported into sustainable self-employment over 2 years
Partner(s): American Refugee Committee-Somalia, Somali media (radio & TV), Somali telecoms companies, Somali diaspora, money service businesses.
Countries covered: Somalia
Description: Holistic project working through money service businesses (MSBs) operating in Somalia, non-governmental organizations and education and training institutions to support enterprise awareness, education, training, and access to finance for Somali youth.