Tripartite cooperation agreement to boost employment opportunities for Jordanian youthDec 26, 2014
UNDP, Zain Jordan and National Microfinance Bank Jordan entered into a tripartite cooperation agreement to implement an emergency employment initiative within the framework of the "Mitigating the Impact of the Syrian Refugee Crisis on Jordanian Vulnerable Host Communities project" which contributes to sustain social and economic stability.
UNDP has started implementation of three-phased emergency employment creation called “3x6 approach” with funding from the governments of Japan and DANIDA in the five municipalities of Salhiya & Nayfeh, Sabha & Dafyaneh and Um Jimmal, Hosha and Rehab in Mafraq governorate.
The approach is to support livelihoods stabilization and local economic recovery with rehabilitating socio-economic infrastructure and enhancing basic service delivery through voluntary cash for work, and supporting more diversified livelihoods opportunities, enterprise recovery and skills development for the most vulnerable groups within communities, in particular women and youth, to strengthen their resilience beyond the crisis. Following the business development training, individual or group of participants will submit their business plans and about 50 % of the most successful applicants will have their savings from voluntary cash for work multiplied to receive start-up capital to establish their own informal microbusinesses.
UNDP Country Director, Zena Ali Ahmad valued the new partnership with Zain and the National Microfinance Bank and said: "UNDP believes that the private sector engagement will support the project to reach out to the people in needs and maximize its impact. The partnership will provide the targeted young men and women with the needed skills that shall enable them not only to join the labor market; but they will be able to start up their own microbusinesses to become successful entrepreneurs".
She also added: "UNDP has been working with the government partners to respond to urgent needs of crisis-affected Jordanian host communities to increase their absorption capacity and mitigate any possible tensions between Syrian refuges and host communities.
For his part, Zain Jordan Chief Executive Officer Ahmad Hanandeh commented: “Our support for the initiative of UNDP stems from our aim at deploying our services in facilitating the daily tasks of the local community members, as we consider this as another commitment towards our society and it resembles a part of our social responsibility and our contribution in supporting Jordanian youth and therefore developing the economy across the kingdom.”
Hanandeh added: “All the beneficiaries of the initiative will enjoy the innovative solutions provided through Zain mobile wallet “Zain E-mal” that represents the most convenient method for financial transactions via their mobile handsets; hence the beneficiaries will be able to receive their payments from the National Microfinance Bank without any effort or extra cost.”
Zain Jordan supports this initiative by providing telecom and internet services for free to all the beneficiaries of the initiative through providing Mobile handset and Zain line with internet bundles, in addition to creating an account of Zain mobile wallet “Zain E-mal” to all the beneficiaries to facilitate the payment transaction provided for them every two weeks from UNDP through National Microfinance Bank.
The National Microfinance Bank will facilitate the payment process as well as provide vocational training access to finance services needed for the establishment and growth of microbusinesses.