Jordan News | Latest News from Jordan, MENA
May 22 2022 4:11 PM ˚
e-paper Subscribe Sign in My Account Sign out

Blumont, EBRD, and Kawon partner to support home-based businesses

Caption: Photo: Handout from EBRD
  • +
  • -
AMMAN  — Blumont, a global non-profit development organization, and the European Bank for Reconstruction and Development (EBRD) recently signed an agreement to promote the sustainable economic growth of home-based businesses led by youth and women in Madaba, according to the Jordan News Agency, Petra.اضافة اعلان

In this pilot project, funded through the Foreign, Commonwealth, and Development Office (FCDO), Blumont will support the establishment of a self-sustaining business hub in Madaba by partnering with Kawon book store and cafe.

The business hub will support local home-based businesses by helping them access development opportunities, markets to sell their products and services, and micro-finance facilities to support the growth of their businesses.

Under this agreement, Blumont will produce a comprehensive case study to highlight the findings of the pilot project and share it with the wider development cooperation partners and members of the Livelihoods Working Group as a guiding document.

Caroline Haddad, Blumont Jordan country director, expressed his pride in the partnership and said: "Home-based businesses are the backbone of the Jordanian economy as they contribute to employment, entrepreneurship, and sustainable livelihoods."

EBRD Director Philip ter Woort added that the organization is “very happy with this partnership with Blumont and look forward to creating a successful and sustainable model that can be duplicated in other parts of Jordan and possibly other countries."

Rami Samain, regional inclusion specialist from EBRD said that Kawon bookstore will ensure sustainability of the model.

Blumont will build the capacity of Kawon’s staff to provide coaching and skills development support for local home-based businesses. Kawon will then provide home-based businesses' with training sessions covering a number of areas, including management, marketing, finance, and business skills to facilitate their entry into the formal economy.

Read more Business news