December 29, 2015 – Youth Business Jordan (YBJ) today launched under the patronage of Her Majesty Queen Noor. YBJ is a Tamweelcom and Youth Business International initiative aimed at empowering Jordanian youth through entrepreneurship.
With the youth unemployment rate in Jordan at 27%, Youth Business Jordan aspires to nurture the Jordanian entrepreneurial spirit, offeringvaluable knowledge and support on all levels, from giving youth a platform to present their ideas, all the way through to providing technical training, coaching and mentorship to help them sustain their businesses.
Youth Business International (YBI), located in the UK, has been supporting Tamweelcom with program design, staff training in mentoring, entrepreneurship training, and monitoring and evaluation since 2013. YBI will continue to support Tamweelcom with ongoing knowledge exchange, resource mobilization and global networking.
Tamweelcom’s latest initiative will harness Jordanian youth’s skills, enhancing the country’s future human capital by enriching the national labor market of Jordan and its neighboring countries.
Established in 1999, Tamweelcom is a regional micro-finance institution, registered at the Ministry of Industry and Trade as a limited liability company owned by the Noor Al-Hussein Foundation, which operates independently under the umbrella of the King Hussein Foundation. Tamweelcom has served over 441,168 clients, 93% of whom are women, with an average loan solar powered toys size of JD473. Over 528,984 loans were disbursed at a total of JD250,231,221. Tamweelcom employs 427 staff members, 213 of whom are female, working from 32 branches across Jordan.
YBI (established 2000) is an international network of independent organizations supporting under-served young people (18 – 35 years) who want to start their own businesses but do not have the means to do so. In 2014 YBI’s members provided 65,559 young people with practical skills based training, and 18,949 entrepreneurs were supported in starting or growing their business.