Alfanar, the Arab region’s first venture philanthropy organization, celebrated the graduation of the first cohort of the “Social Entrepreneurship for Migration and Development (SEMD)” project.
The regional project “SEMD” implemented in Egypt, Jordan, and Lebanon, was initiated and funded by the Swiss Agency for Development and Cooperation in January 2021and applied by Alfanar organization in Egypt, in cooperation with GFA Consulting Group GmbH.
Through its strategy, Alfanar differs from traditional NGOs in the support it provides to ambitious social enterprises to develop sustainable revenue streams, thereby breaking the cycle of donor dependency. Through a combination of tailored financing, management support, bespoke training, and impact measurement, Alfanar supported 8 social enterprises in Egypt under the “SEMD” project with the intellectual and capital investment they need to scale their impact sustainably.
The graduation ceremony was attended by a group of officials from Alfanar Egypt, headed by Shenouda Bissada, Egypt Country Director, Alfanar, and Asmaa Kamel, Coordinator of the National SEMD program in Egypt, to celebrate the 8 social enterprises graduating from the project. The event also attracted a number of notable members of the press and media.
In this context, Shenouda Bissada Country Representative of Alfanar in Egypt congratulated the graduates of the first batch of the “Social Entrepreneurship for Migration and Development (SEMD)” project, as well as the success partners involved in providing solutions to migration and development issues in Egypt.