Microcred Tunisia and Silatech Launches New Loan Product for Young Startup Entrepreneurs
May 23 15
Microcred Tunisia launched 'Irada', a new loan product for young startup entrepreneurs, in partnership with Silatech. Irada is expected to finance around 450 businesses over three years. In addition to expertise in designing, Irada Silatech is providing loan capital and training to help Microcred loan officers support and coach young entrepreneurs during the pre- and post-financing phases. Irada is supported by European Union, AFD, UN's International Fund for Agricultural Development, Making Cents International and Planet Finance. It is a new group of loan products for entrepreneurs Silatech is helping microfinance institutions in the region to bring to the market this year.
Silatech and Microsoft Renew Ta3mal Partnership
Jan 27 14
Silatech and Microsoft signed an agreement renewing their commitment to provide online employability resources to Arab youth through the Ta3mal network. The new agreement will now see the activation of the Qatar portal, following successful project implementations in Egypt, Iraq and Tunisia. The Ta3mal network provides Arab youth with free access to a wide variety of resources, including advice on how to write a CV, and career guidance tools and virtual advising to help young people determine the career path that best matches their life aspirations. Through a partnership with ALISON, the provider of free online courses, Ta3mal users have access to over 500 online courses to enhance their professional skills. For aspiring entrepreneurs, Ta3mal offers useful information and tips for starting businesses and obtaining funding, as well as virtual mentoring and entrepreneurship support services, including advice on how to create a business plan and market a business idea. Youth unemployment in the Arab region is around 25%-the of any region in the world-and the lack of access to quality employability resources is a substantial impediment to lowering unemployment rates. Customized Ta3mal country portals have now been launched in Egypt, Qatar, Iraq, and Tunisia, with plans to expand to additional Arab countries in the future. Through close coordination with local partners, Ta3mal will soon also provide job seekers a platform from which to search for entry-level job openings and available internship opportunities in their area. Country partners include Edupartage, Tunisiana, and ATUGE (Tunisia), USAID (Iraq), the Ministry of Youth (Egypt) and the Bedaya Center (Qatar).