mentoringinspire | connect | evolveFirst Floor, Building 10,King Hussein Business Park,King Abdullah ll Street,PO Box 9542...
mentoringinspire | connect | evolveFirst Floor, Building 10,King Hussein Business Park,King Abdullah ll Street,PO Box 9542...
mentoringinspire | connect | evolveFirst Floor, Building 10,King Hussein Business Park,King Abdullah ll Street,PO Box 9542...
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Silatech & Mowgli Provide Training to Support Egyptian Microenterprise

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Mentorship training for loan officers builds the capacity of the Egyptian microfinance industry to offer dedicated support to young micro-entrepreneurs.

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Silatech & Mowgli Provide Training to Support Egyptian Microenterprise

  1. 1. mentoringinspire | connect | evolveFirst Floor, Building 10,King Hussein Business Park,King Abdullah ll Street,PO Box 954285, Amman 11954,Jordan UK | UAE | JORDANOffice 117, First Floor,Building 3,Dubai Internet City,PO Box 500104,Dubai, United Arab EmiratesCAN Mezzanine,Hanover House,Queen Charlotte Street,Bristol, BS1 4EX,United KingdomUK Charity Number: 1127087Silatech, Mowgli Provide Training to Support Egyptian MicroenterpriseMentorship training for loan officers builds the capacity of the Egyptian microfinance industry to offerdedicated support to young micro-entrepreneurs.June 02, 2013: Silatech and the Mowgli Foundation have partnered with the Alexandria BusinessAssociation (ABA) and the Egyptian Microfinance Network (EMFN) to offer specialized mentorshiptraining in Alexandria and Cairo for loan officers working in Egyptian microfinance institutions.As the primary point of contact between microfinance institutions and micro-entrepreneurs, properly-trained loan officers can play a significant role in providing mentoring support for youngentrepreneurs, thereby increasing their chances of success and growth. All too often, however,credit officers do not have the necessary training to carry out these roles.Silatech is a Qatar-based social initiative that works to create jobs and expand economicopportunities for young people throughout the Arab world. Mowgli is an award winning, UK-headquartered mentoring organisation which offers mentoring programs that inspire, connect andguide entrepreneurs to enable them to fulfill their personal and business potential.From May 5-7, Mowgli provided a specialized “train the trainer” mentorship program to eightspecially selected loan officers from the Alexandria Business Association’s Micro and SmallEnterprise Project. During May 8-12, these eight officers trained 32 other loan officers in thementorship program, which was supervised by Mowgli. Based on this internal capacity, ABA nowplans to train all of its 700 loan officers, who in turn will provide mentoring support to thousands ofmicroenterprise clients as they seek to grow their businesses.During May 14-15, Mowgli provided additional mentorship training in Cairo to over 20 staff from ninemember institutions of the Egyptian Microfinance Network. Mowgli mentorship training providesparticipants with deeper knowledge of the principles of mentoring, common issues experienced byyoung entrepreneurs, and equips them with necessary skills required to manage them. They alsoreceive grounding in the core skills of listening, communicating effectively and self-awareness.According to the World Bank, each year around 600,000 young people enter the Egyptian labormarket, but only about 250,000 of these are able to find jobs. The result is that millions of youngEgyptians are forced to start their own very small—or “micro”—enterprises. For many of these
  2. 2. mentoringinspire | connect | evolveFirst Floor, Building 10,King Hussein Business Park,King Abdullah ll Street,PO Box 954285, Amman 11954,Jordan UK | UAE | JORDANOffice 117, First Floor,Building 3,Dubai Internet City,PO Box 500104,Dubai, United Arab EmiratesCAN Mezzanine,Hanover House,Queen Charlotte Street,Bristol, BS1 4EX,United KingdomUK Charity Number: 1127087micro-entrepreneurs, the only thing standing between subsistence incomes and thriving smallbusinesses is reliable, affordable capital and appropriate business guidance.With projects in 11 Arab countries, since 2009 Silatech microenterprise partnerships have fullyfinanced over 30,000 businesses and provided assistance to over 190,000 young people. Silatech isthe largest provider of youth-focused microenterprise services in the Middle East and North Africa.Speaking of the impact of the training, Alexandria Business Association CEO, Motaz Tabaahighlighted that; “This mentoring program was a truly unique experience that gave our credit officersa deeper understanding of the needs of micro-entrepreneurs.” In further comments, he mentionedthat, “Mentoring is at the core of a transformational process that will enable us to develop newmodels of support to grow microenterprises into thriving small businesses.”For his part, Hamed Mohamed Hamed, Executive Director of the Egyptian Microfinance Network,stated that; “This training was an outstanding program that has given us a fresh new perspectiveand the tools to connect with and support entrepreneurs in new and deeper ways. We are excitedabout the new possibilities that this will have in our work with young entrepreneurs.”According to Silatech CEO Dr. Tarik M. Yousef; “This training is intended to help bring a paradigmshift for loan officers, elevating their role from merely providing financial support to their clients—inthe form of loans—to offering them a more holistic set of support services including mentoring. Weare proud to be able to work with Mowgli to provide training programs for the Alexandria BusinessAssociation and the Egyptian Microfinance Network, strengthening our support for young micro-entrepreneurs throughout Egypt.”Helen Al Uzaizi, Mowgli’s Chief Executive Officer said; “Following the success of our pilot programslast year, we are thrilled to be back in Egypt running our mentor training and train the trainerprograms. This will not only enable us to reach more entrepreneurs but also to further placementorship at the heart of supporting Egypt’s entrepreneurship ecosystem.”- END -
  3. 3. mentoringinspire | connect | evolveFirst Floor, Building 10,King Hussein Business Park,King Abdullah ll Street,PO Box 954285, Amman 11954,Jordan UK | UAE | JORDANOffice 117, First Floor,Building 3,Dubai Internet City,PO Box 500104,Dubai, United Arab EmiratesCAN Mezzanine,Hanover House,Queen Charlotte Street,Bristol, BS1 4EX,United KingdomUK Charity Number: 1127087About the Mowgli Foundation:The Mowgli Foundation is an award winning, UK-headquartered mentoring organisation, establishedin 2008 by successful serial entrepreneur Tony Bury, in response to the need for job creation andsustainable economic and societal development in the MENA region as well as in UK communities.Mowgli provides mentoring that inspires, connects and guides entrepreneurs and leaders toovercome lifes personal and business challenges through:• Interactive, experiential and transformational Kickstart workshops• A unique environment for accelerated relationship building, mentor training and matching• Engagement within a learning and mentoring focused global alumni networkMowgli has matched 270+ entrepreneurs in 8 countries with trained mentors, who voluntarily supportthem throughout a 1-year program, and were recognised in Dec 2012 with the Mohammed binRashid Award for Young Business Leaders Award for the ‘Best Mentor Network in the Arab Region’.CONTACT DETAILSMowgli Media Contact: Kathleen Bury, kathleen.bury@mowgli.org.ukMowgli UK Office: CAN Mezzanine, Hanover House, Queen Charlotte Street, Bristol BS1 4EX, UKTel: +44 (0) 1172 020137 | Website: http://www.mowgli.org.ukMowgli Foundation Registered Charity Number: 1127087About SilatechSilatech is a Qatar-based social initiative that works to create jobs and expand economicopportunities for young people throughout the Arab world. The organization promotes large-scalejob creation, entrepreneurship, access to capital and markets, and the participation and engagementof young people in economic and social development. Founded in 2008 by Her Highness SheikhaMoza bint Nasser, Silatech finds innovative solutions to challenging problems, working with a widespectrum of development organizations, governments and the private sector to foster sustainable,positive change for Arab youth. For more information on Silatech, see www.silatech.com.

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