Middle East

Feb 22, 2020
Vitas Group, created by Global Communities is a for-profit holding company that operates a network of microfinance companies, predominantly in the Middle East. They are a unique group of companies with more than twenty years of proven track record of successfully lending to micro, small, and medium enterprises and the only such investment vehicle for impact investors in the region. Since 2004, Vitas companies have disbursed more than $3 billion to over 1 million customers with an annual default rate below two percent. Every two years, Vitas Group surveys clients in its affiliated institutions to assess customer satisfaction, the impact of loans... Read more
Dec 12, 2019
CHF Management and Consulting Services Egypt S.A.E. (CHF MCSE) provides loan guarantees to SME loans in Egypt. With funding from Overseas Private Investment Corporation (OPIC), Global Communities through CHF MCSE has established a $250 million loan guaranty facility to support lending to the enterprise sector in Egypt with a strong focus on the small- and medium-enterprise (SME) sector. Priority is given to loans with the highest job generation or retention potential. The facility can also be extended to guarantee bank loans to micro finance institutions. The program provides technical assistance and training programs on a demand-driven basis to officers and managers from partner banks. Please click below to view the November 2019 newsletter for CHF Management and Consulting Services... Read more
Dec 11, 2019
The 16 Days of Activism against Gender-Based Violence is an annual international campaign that kicks off on 25 November, the International Day for the Elimination of Violence against Women, and runs until 10 December, Human Rights Day. It was started by activists at the inaugural Women’s Global Leadership Institute in 1991 and continues to be coordinated each year by the Center for Women’s Global Leadership. It is used as an organizing strategy by individuals and organizations around the world to call for the prevention and elimination of violence against women and girls. (www.unwomen.org) The "16 Days of Activism" animated video below... Read more
Jun 05, 2019
Vitas Group recently issued a report including a Gender Action Plan that seeks to offer tailored services and a better understanding of the needs of women clients, which is expected to result in improved retention and outreach for borrowers. Vitas Group is a Global Communities enterprise established in 2006 as a microfinance holding company with subsidiaries in Lebanon, Romania, Jordan and Palestine, and affiliates in Iraq and Egypt. In 2018 the Vitas Group launched the Vitas Values Equality initiative to raise awareness and secure from all tiers of management a commitment to embracing gender equality across the network. Then in March of this year Vitas Iraq,... Read more
Jun 05, 2019
Members of the Jordan Loan Guaranty Facility (JLGF) team were at Global Communities headquarters recently to discuss the important work of JLGF – providing insight into the mechanics of this program, as well as its impact. JLGF provides partial loan guarantees and technical assistance to enable creditworthy but previously underserved small and medium enterprises (SMEs) to obtain bank financing for start-up and expansion efforts. JLGF is a $250 million Loan Guaranty Facility operated by Global Communities, and established with the support and guaranty coverage from USAID and the Overseas Private Investment Corporation, respectively. SMEs in Jordan contribute 50 percent of the GDP of the private sector, provide 52 percent of private sector employment, and form 98 percent of the corporate... Read more
May 01, 2019
In Egypt, women entrepreneurs are often overlooked for funding by financial institutions in a male-dominated business world. Ensuring these women have access to financial skills and loan opportunities is a priority of CHF Management and Consulting Services Egypt SAE, which is Global Communities’ development finance consultancy in Egypt. In order to achieve this priority, the group holds a number of workshops targeting women who own businesses or are interested in doing so. On April 15-16, 2019, CHF Egypt, in collaboration with women’s empowerment group, Confessions of a Married Woman, held one of these capacity training initiative for women in business. The free-of-charge workshop was held at the Degla Campus co-working... Read more
Apr 01, 2019
By Asmaa Uqba, Reporting & Communications Officer, Global Communities Yemen During my visits to the Vocational Training institute, I encountered some trainees that caught my attention. These young people came from different villages in the Lahj governorate, which is located in the southern part of Yemen. Global Communities, through the USAID-funded Continued Recovery, Emergency Assistance, and Training Engagement in Yemen (CREATE) program, provided a chance for those trainees to learn, evolve, become empowered and challenge themselves to enter the work force with refined skills that will improve their livelihoods. Salama Saleh, is a young woman, engaged to be married soon. She was raised among three sisters and four brothers in an open-minded family. Salama is very... Read more
Feb 13, 2019
The Global Impact Project, created by the US Global Leadership Coalition (USGLC), tells the story of how businesses, NGOs, foundations, and universities are partnering with the U.S. government to address global challenges – creating impact abroad and in the United States. Global Communities' Digni-Loo innovation in Ghana as well as our Jordan Loan Guarantee Facility are featured projects it this project. Read the features below. Innovating the Toilet to Control Cholera: Bringing Sanitary Facilities to Rural Communities... Read more
Jan 22, 2019
By Joseph Krauss. This article originally appeared on the Associated Press website. JERUSALEM (AP) — Tens of thousands of Palestinians are no longer getting food aid or basic health services from America, U.S.-funded infrastructure projects have been halted, and an innovative peace-building program in Jerusalem is scaling back its activities. The Trump administration’s decision last year to cut more than $200 million in development aid to the Palestinians is forcing NGOs to slash programs and lay off staff as the effects ripple through a community that has spent more than two decades promoting peace in the Middle East. The U.S. government’s development agency, USAID, has provided more than $5.5 billion to the... Read more
Dec 15, 2018
Message from Elissa McCarter-LaBorde, CEO of Vitas Group The year 2017 marked several exciting developments for Vitas Group. We signed shareholders agreements and closed investments with new commercial partners in Lebanon and Egypt. Saradar Bank purchased a 49 percent stake in Vitas Lebanon and committed $20 million in new debt financing to expand our footprint across the country. Saradar Bank is a premier financial institution in Lebanon and has been at the center of Lebanese banking for over 60 years. Egyptian private equity firm BPE Partners, through its new subsidiary “Ebtikar,” entered a 50/50 joint venture to launch Vitas Egypt. Vitas Egypt will be the first microfinance company in the country... Read more
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