NEF 2011 Annual Report - Near East Foundation

NEF 2011 Annual Report - Near East Foundation

NEF 2011 Annual Report - Near East Foundation


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Creating jobs and generating income is at the heart of <strong>NEF</strong>’s work to help break the cycle of poverty.<br />

<strong>NEF</strong> helps people in rural and urban communities plan, establish, and maintain their own small<br />

businesses by providing training, mentoring, and financing that deliver increased income in the<br />

short-term and long-term sustainability. <strong>NEF</strong> places a special emphasis on helping women and<br />

young people lift themselves and their families out of poverty by overcoming traditional barriers to<br />

employment and entrepreneurship.<br />



People served: 150 rural entrepreneurs and<br />

new employees in the rural regions of Gegharkunik,<br />

Lori, Shirak, and Vayots Dzor<br />

Impact:<br />

• More than 50 aspiring entrepreneurs<br />

received training in business management<br />

• A $30,000 microcredit fund was<br />

established to support new businesses<br />

• A network of 15 micro-franchise IT centers<br />

was created<br />

• 14 small businesses were established<br />

• More than 85 new jobs (seasonal and<br />

permanent) were created<br />

a competitive advantage or strong market<br />

niche, such as information technology (IT)<br />

centers, dried fruit production, and fish<br />

farming.<br />

<strong>NEF</strong> and its partners established a microcredit<br />

fund to help start-up businesses. With this<br />

fund, new entrepreneurs started 30 diverse<br />

businesses. These businesses included 15 IT<br />

centers, providing Internet access and<br />

computer training, through a microfranchise<br />

model that can be expanded. <strong>NEF</strong> supported<br />

aspiring IT entrepreneurs in four rural<br />

regions, providing them with start-up capital,<br />

and assistance with business plan design and<br />

all aspects of operations. The IT centers have<br />

become vital parts of their village, a place<br />

where local residents have access to technology<br />

and computer training.<br />

Funded by the Armenia Fund of the USA, the Dan<br />

and Stacey Case Family <strong>Foundation</strong> and private<br />

donors<br />



By supporting entrepreneurs and new<br />

business creation, <strong>NEF</strong> is helping break the<br />

cycle of unemployment and poverty in rural<br />

Armenian communities—where one in four<br />

people is without a job. The project focuses on<br />

developing businesses where rural areas have<br />

People served: More than 1,600 people<br />

living in 6 of Jordan’s poorest regions<br />

Impact:<br />

• Community members started 15 collective<br />

businesses with more than 1,600<br />

shareholders<br />

• Members of 41 community-based<br />

associations gained skills in organizational<br />

and business management, including 3<br />

<strong>Near</strong> <strong>East</strong> <strong>Foundation</strong> • 432 Crouse Hinds Hall • 900 S. Crouse Avenue • Syracuse, NY 13244 • Tel: 315-428-8670

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