- 75% increase in basic business knowledge especially in targeted inclusion areas.
- For 30% of SMEs adopt SEAF SDG Inclusion Scorecard after 2 years.
- Basic business skills (Governance, HR, Marketing Business Development etc).
- Job opportunities for women, youth and underserved populations.
- Business Sustainability in a Post-Covid World.
- Ability to access funding; financial literacy.
- Seeking out partners and investors that will invest in the Jumpstart Fund, which will make these investments and will serve as the foundation for a larger fund.
- Create 70-100 jobs through the first three investments with 60-90 jobs for women and youth.
The purpose of the Project is to catalyze the establishment of a fund to provide financing for a broad range of Jordanian SMEs, with a particular focus on providing economic opportunities to women, youth, and people with disabilities in the wake of the COVID pandemic.
In investment terms we plan to use a primarily fixed income-plus-kicker approach originated by SEAF elsewhere, which allows for flexibility in structuring the financial instruments to fit the specific expected requirements of the portfolio companies, aligning the financial instrument more closely to expected performance. We also believe it will be important to offer investee companies some similar Islamic financial structures as well, especially in the provinces.
The Project proposes three major activities:
The program targets all 12 governates of Jordan, namely:
Amman (the capital), Irbid, Zarqa, Mafraq, Ajloun, Jerash, Madaba, Balqa, Karak, Tafileh, Maan and Aqaba.