Introduction of Know About Business at the Development and Employment Fund

The project will contribute to fostering an enterprise culture in the Hashemite Kingdom of Jordan by promoting entrepreneurship education among youth. The ILO KAB programme will be tested and assessed as an entrepreneurship education curricula for young Jordanian women and men enrolled in the Vocational Training Corporation (VTC). Through the integration of entrepreneurship education the project will: • Create awareness of enterprises and self-employment as a career option for young people. • Provide knowledge and practice of the desirable attributes for and challenges in starting and operating a successful enterprise. • Facilitate the school to work transition as a result of a better understanding of functions and operations of enterprises. • Develop positive attitudes towards enterprises and self-employment among youth. The project will be implemented under the umbrella of the Development and Employment Fund (DEF) who will be considered the project donor and the project counterpart. DEF will also assume the promotion of the KAB programme to the Ministry of Education, universities, community colleges and other potential beneficiaries. Under this project, DEF will pilot the KAB programme in the VTC whose graduates are potential beneficiaries of DEF’s financial services. Entrepreneurship and business skills taught in KAB will enable students to consider establishing a sustainable business using their acquired vocational skills. Given DEF’s mandate, it will make it easier for youth who complete the KAB course and have the willingness to start a business to access funds to start their businesses if they so wish. Furthermore, graduates of the KAB Programme will be considered as potential clients of DEF who will benefit from the following financial facilities namely : • Priority for KAB certificate holders to benefit from loans, • Decrease in the personal contribution of the business start up capital from 30% to 10%, • Decrease of collateral requirements • Provision of a longer repayment and grace period.

Project symbol

JOR/12/03/JOR

Admin unit

RO-Arab States/DWT-Beirut

Start date

05/04/2012

End date

30/06/2019

Total allocation

98522

Total expenditure

Status

Closed

72528

Development Partners

Jordan, Development and Employment Fund, Government and Employment Fund

Country/Countries

Jordan

Outcomes

Outcome 4: Sustainable enterprises as generators of employment and promoters of innovation and decent work