The people of Morocco continue to feel the impact of last September’s devastating earthquake. Homes were badly damaged or destroyed, and livelihoods were lost. Many people living in the High Atlas Mountains, where weather conditions can be harsh, lack adequate shelter or the means to recover. Near East Foundation (NEF), in partnership with Islamic Relief …
Near East Foundation (NEF) today announced the establishment of Siraj Financial Services (SFS), a new social enterprise operating in Northern Syria. SFS, operating as a non-banking financial institution (NBFI), will upscale and commercialize NEF’s successful micro and small enterprise (MSE) financing program, which has been operating in the region since 2021. With a mission to …
AMMAN, JORDAN – Near East Foundation (NEF) and United Nations Development Programme (UNDP) Regional Bureau for Arab States (RBAS) have signed a Memorandum of Understanding (MoU) to expand collaboration in developing programming opportunities and new funding mechanisms to support forcibly displaced people and host communities, particularly in countries affected by the Syria Crisis. The agreement between …
AMMAN, JORDAN – The IKEA Foundation, Novo Nordisk Foundation, Norad, the U.S. International Development Finance Corporation (DFC), Ferd, and KOIS have received its first payment-linked evaluation results of the ‘Refugee Impact Bond’ (DIB) launched in Jordan in October 2021. The DIB funds a micro-enterprise creation program delivered by Near East Foundation (NEF) to help vulnerable …
Near East Foundation’s $13.5M Development Impact Bond Exceeds Expectations Read More »
London, UK – On September 25, 2023, Near East Foundation’s Refugee Impact Bond (DIB) was certified as an Orange Bond, a major milestone as this is a first for a peace-building refugee-focused impact bond. The Orange Bond Initiative™ is the world’s first asset class built by and for the Global South and the 99% as a …
In late September, Ruben Vardanyan, business leader, philanthropist and co-founder of the Aurora Humanitarian Initiative, was detained by Azerbaijani authorities when he tried to cross the border to Armenia. He is currently being held captive. Ruben is a longtime supporter and friend of Near East Foundation (NEF). He and his wife, Veronika, have been extremely …
Based on our preliminary assessment, 15% of the 725 people the Near East Foundation (NEF) supports in Northern Aleppo, Syria, have been significantly impacted by the earthquake. They have all graduated from our business strengthening program and have received financing to build their small business in order to provide basic needs for their families. The …
NEF’s Response to the Earthquake in Northwest Syria Read More »
The Development Impact Bond is building economic resilience for refugees and host communities in Jordan and Lebanon Amman, Jordan – The IKEA Foundation, Novo Nordisk Foundation, Norad, the U.S. Development Finance Corporation (DFC), Ferd, KOIS, and the Near East Foundation (NEF) convened on 8 November at the Landmark Amman Hotel to mark the launch of …
Over the past 11 years, 13.5 million Syrians have been forcibly displaced from their homes. The struggle to recover and rebuild is a daily strain for millions – especially as funding and attention to the crisis have declined. The first Refugee Development Impact Bond (DIB) was launched in October 2021 in Jordan to innovatively address the …
Arpine Baghdoyan, NEF Armenia Director, expressed her enthusiasm for the project during the launch event in Yerevan. NEF’s newest European Union-funded project in Armenia, ‘STRIVE for a better future: communities and civil society resilience in Armenia’, launched to improve the resilience, sustainability, accountability, and capacity for innovation of local civil society organizations (CSOs) across the …
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