Project detail - CHANGEMAKER SAL

CHANGEMAKER SAL

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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.

Funding objective

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.

Region
Asia
Country
Jordan
Sector
Financial Institutions
Signing date
7/9/2019
Total FMO financing
EUR 0.10 MLN
Fund
MASSIF
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)