CHANGEMAKER SAL
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer?
The contracting entity is ChangeMaker SAL. , the managing partner for several initiatives promoting social entrepreneurship for youth in the MENA region: Changelabs Egypt, Changemaker Lebanon and the Hult Prize Jordan. The Hult Prize is the largest start-up accelerator for social entrepreneurship globally, that brings together students from around the world to solve today’s most pressing issues. This annual initiative is backed by the Clinton Global Initiative and the United Nations Office for Partnerships.
What is our funding objective?
The project supports youth entrepreneurs in Jordan, Egypt and Lebanon in starting and scaling their social enterprise.
Why do we fund this investment?
Changemaker and the Hult Prize add value at two levels: primarily through directly empowering and supporting young entrepreneurs in emerging markets, but also indirectly by supporting initiatives that lead to improved social outcomes for the BoP and vulnerable populations. Both of these value additions align with the MASSIF mandate, and offer opportunities for youth in the MENA region.
- Region
- Asia
- Country
- Jordan
- Sector
- Financial Institutions
- Effective date
- 7/9/2019
- Total FMO financing
- EUR 0.10 MLN
- Funding
- MASSIF