Small and medium-sized enterprises (SMEs) are critical to creating jobs, improving living standards and driving economies, particularly in developing countries. Despite their importance, many SMEs struggle to access finance to grow or start a business. In 2015, OFID signed a US$10 million loan with Banco Hipotecario, a bank in El Salvador, to support on-lending to … More “Nothing can be achieved without financing, especially in a country like ours…”
“After I was selected to attend the One Young World Summit in Bogotá, Colombia, as an OFID-sponsored delegate, I received a message from Nischal Baskota, a young Nepali social entrepreneur based in the US. Nischal is the owner of a tea company—Nepal Tea LLC—and had read about my work in a blog post shared on … More “We are not just the future, but the change-makers of the present.”
“In our everyday life, we meet a lot of people, and some of these people help us realize the purpose of life. I have been involved in various health-related projects and programs in Nepal since my undergraduate days. However, my actual journey to self-discovery began with a mother’s story. This was the moment I … More “I want to break the vicious cycle of poverty and malnutrition through the economic empowerment of women.” – Bonita from Nepal
A new water network, co-financed by OFID is enabling a community in Nairobi, Kenya, to have safe, legal access to water for the first time. Kahawa Soweto is home to 8,000 people and the entire settlement has never had a legal water supply. Residents have been dependent on water vendors, who would connect illegally to … More “Water is now closer and cheaper” – Monica from Kenya
Ousmane Samassekou made several attempts before his company AFOvert found an economically viable way to produce its ‘green’ charcoal briquettes. Made of charcoal dust and used mainly for cooking, the briquettes offer an environmentally friendly substitute for coal and charcoal. Ousmane developed the technology with support from GERES, an organization dedicated to promoting the use … More “Today, we are the only producer of green charcoal briquettes in Mali.” – Ousmane Samassekou
“I’m a medical doctor from Nepal. I work with the NGO: The Centre for Victims of Torture, with victims of violence in the field of peace building, human rights and mental health.