Thursday, March 25, 2010

Shabakat Nuqul Group Micro venture Fund Launched in Al Koura District - Jordan Times 24 March 2010


Shabakat Nuqul Group micro-venture fund launched in Al Koura District

Nuqul Group recently renewed its affiliation with Shabakat Al Ordon, one of its partners in the adopted Al Koura District. The agreement calls for forming Nuqul Group’s micro-venture capital fund in the adopted district which will offer the capacity-building platform for Al Koura entrepreneurs. Through this project and in collaboration with Shabakat Al Ordon, Nuqul Group will identify 300 community members to participate in the preparation phase to be followed by a shortlisting procedure that will identify 60 prospect projects. A comprehensive training has been designed to guide entrepreneurs and provide them with needed skills. Winning projects will be managed and supervised by Shabakat Al Ordon’s team to ensure excellent preparation of prototypes of all products and services. Trainers will also help candidates to develop their marketing and sales capacity and will provide them with technical assistance. Nidal Eses, the chief executive officer of Nuqul Group, said: “Upon the completion of this project, the group aims at establishing sustainable micro ventures in Al Koura.” Rami Karmi, the chief executive officer of Shabakat Al Ordon, said: “Through our continued partnership, we envision a great future for the families in Al Koura through the projects that will be implemented in the area.”

Link: http://www.jordantimes.com/?news=25104


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