I’d like to thank those of you who have contributed to Alfanar’s first awareness & fundraising campaign, #BeTheBeacon. In a region with an increasing burden of social and economic challenges, it is more important now than ever that we invest in the pioneering organizations challenging the status quo.
Arab countries face 30-60% unemployment, especially among youth and women. Lebanon hosts the highest ratio of refugees in the world. Across the region, almost 5 million children are out of school. Everyone is asking, what does our future look like?
Alfanar investees are answering that question. In 2017 alone, they have created 1,127 jobs for youth and women, and provided access to education for 2,856 children. With our tailored financing and management support, they generate more revenue to serve their communities, reach more people, and have a deeper and longer lasting impact on the individuals and communities they serve.
On average our investees reach 36% more people each year and generate 49% more revenue to serve their communities each year. This means that every dollar or pound you invest multiplies over time, changing more lives and generating more revenue for social enterprises serving the most marginalized populations. In 2017 we are raising 500,000 GBP to support ten social enterprises and reach 50,000 people.
By setting up an annual, monthly, or one-time contribution and asking your company, colleagues, friends and family to do the same you are creating catalytic change that will change the face of the region for this and future generations.
Thank you for being the beacon! Donate now and read on to find out more about what we’ve been up to and how we’re pulling all this off. New technologies, an expanded portfolio, and our latest thought leadership all in the newsletter below.