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Author name: Amy Kruse

Tough times call for creative approaches – UNDP, NEF and AGF collaborate to organize a side event on innovative financing to support displaced Syrians and their host communities

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New York/Amman/London/Abu Dhabi/Brussels – The Syria crisis continues to be one of the largest and most protracted displacement crises globally. According to the 2024 Regional Strategic Overview of the Refugee and Resilience Plan (3RP), in 2024, over 19 million refugees and their host communities in Türkiye, Lebanon, Jordan, Iraq and Egypt will require some form of assistance. …

Tough times call for creative approaches – UNDP, NEF and AGF collaborate to organize a side event on innovative financing to support displaced Syrians and their host communities Read More »

Lebanon success story - Donna 2024

Donna, the Designer Queen

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Donna, a mother of three from south Lebanon, is a testament to resilience. Despite the country’s economic and currency crisis, which significantly impacted her husband’s military income, she has remained steadfast in her commitment to providing for her family, including their daughter with a disability.   Before Near East Foundation met Donna, she had been employed …

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Strengthening Homes and Communities in Morocco 

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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 …

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Near East Foundation Launches Siraj Financial Services to Expand Micro and Small Enterprise Financing in Northern Syria

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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 …

Near East Foundation Launches Siraj Financial Services to Expand Micro and Small Enterprise Financing in Northern Syria Read More »

NEF and UNDP Sign Memorandum of Understanding to Develop Innovative Joint Responses to Protracted Crisis in the Arab Region

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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 …

NEF and UNDP Sign Memorandum of Understanding to Develop Innovative Joint Responses to Protracted Crisis in the Arab Region Read More »

Near East Foundation’s $13.5M Development Impact Bond Exceeds Expectations

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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 »

Near East Foundation’s Impact Bond Becomes the World’s First Refugee Bond to Receive the Orange Bond Label

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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 …

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NEF’s Response to the Crisis in Armenia

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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 …

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NEF’s Response to the Earthquake in Northwest Syria

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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 …

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The Near East Foundation and International Stakeholders Celebrate $14M Development Impact Bond for Refugees in the Middle East

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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 …

The Near East Foundation and International Stakeholders Celebrate $14M Development Impact Bond for Refugees in the Middle East Read More »

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