Who is our client
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.
The project supports youth entrepreneurs in Jordan, Egypt and Lebanon in starting and scaling their social enterprise.
Why we fund this project
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.
- Financial Institutions
- Signing date
- Total FMO financing
- EUR 0.10 MLN
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C)