"Deloop Initiative Seeks To Support Entrepreneurs In Economically Vulnerableenvironments

(MENAFN- Jordan News Agency)

Amman, July 4 (Petra)-- Given the expanding labor force and the scarcity of job opportunities in both the public and commercial sectors, civil society groups' initiatives play a significant role in bolstering the national economy and addressing the issue of unemployment.
One such community model is the "Deloop" program, which focuses on providing entrepreneurs in economically precarious and vulnerable regions with unusual support. It aims to give entrepreneurs whose concepts and endeavors fit the initiative's requirements all the tools they need to be empowered. After educating their owners on project management, feasibility studies, marketing, and other aspects that affect the success and sustainability of their ventures, these entrepreneurs receive financial support.
The initiative is based on choosing ideas for new or existing projects, giving them financial support through small grants, and equipping their owners with the skills they need to accomplish its goals as a social business accelerator, led by a youth team, with a focus on helping founders from low-income communities through marketing, mentorship, and funding on a non-profit basis, Sarah Arafa, founder and director of the initiative, told the Jordan News Agency (Petra) in an interview.
Arafa went on to say that the quick changes in the business landscape, especially in places with little prospects and incubators, have made Deloop a concrete, on-the-ground endeavor.
She noted that Deloop stands out for its whole emphasis on the entrepreneur and its ability to customize support to meet the unique requirements of each enterprise without enforcing predetermined guidelines.
Flexible support, training, and qualification are offered while accounting for the geography and social and economic circumstances of each situation. As a non-profit civil society group, Deloop hopes to grow by establishing a regional network of strategic partners and mentors, she said in closing. Its long-term goal is to create a regionally reproducible incubator model that reimagines how to encourage entrepreneurship in marginalized and vulnerable settings, based on the idea that innovation may arise anywhere there is the necessary space and resources.

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