Kiva has announced a partnership with Silatech, to support entrepreneurs throughout the region via the Kiva Arab Youth Campaign.
Silatech, an organization that works to improve employment opportunities, education, and social inclusion for youth, while also enhancing access to capital for SMEs, has pledged to meet any loan that a Kiva member makes to a startup in the program.
Description
Typically on Kiva, lenders can contribute as little as $25 to a startup, in the form of a loan that is later repaid. Silatech will contribute up to $125,000 to the program, cycling this contribution back into a central pot that will continue to support new startups in the Arab World as the loans are repaid.
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Posted by Sebastian Blanca