PRESS RELEASE — Since 2019,
Mercy Corps’ MicroMentor, has been working in
the Middle East and North Africa (MENA) region to facilitate access to
mentorship for underserved and difficult-to-reach entrepreneurs. This is
achieved through the development of an open-source mobile mentorship
application. The app will be developed with pro bono support from Google
through a dedicated team of nine Google employees participating in the
Google.org Fellowship program.
اضافة اعلان
MicroMentor reports that in 2022, entrepreneurs with
mentors were 12% more likely to access financial capital than those without,
and 51% of female-owned small businesses increased their revenue when they worked
with a mentor. Yet, many entrepreneurs lack access to those powerful
connections and resources. Female entrepreneurs also face additional
challenges. Only 5% of MENA businesses are female-led, compared to the global
average of 26%.
Mercy Corps’ MicroMentor and Google.org project will help
change that.
The project will reach a total of 5,000 mentors, including
1,750 female entrepreneurs, and especially those incorporating sustainability
into their business models, to help close the gap in social capital for
underrepresented global entrepreneurs. The support from the Google.org Fellowship builds on a $1
million grant from Google.org to support MicroMentor’s work to increase the
knowledge and adoption of sustainable business practices for MSMEs in the
region.
"We are thrilled
to receive this support from Google.org to help expand access to mentorship for
female entrepreneurs in the MENA region,“ said Anita Ramachandran, Executive
Director of MicroMentor. “By leveraging Google's technical expertise and
resources, we can overcome geographical limitations and deliver business
resources at scale to under-resourced communities through mentoring.”
Martin Roeske, Google’s Government Affairs and Public Policy
Director for MENA said “At Google, we believe that successful, sustained
business mentorship can drive significant outcomes for mentees. By supporting
MicroMentor with our most valuable resource – our Google tech experts – we hope
to contribute to their goal of supporting green businesses and empowering
female entrepreneurs in the region.”
This collaborative effort marks a significant step towards
strengthening the growth and prosperity of MSMEs in the MENA region while
acknowledging their essential contribution to economic development and
community development. Through the expansion of mentoring resources and the
provision of essential tools and knowledge to MSMEs, this initiative strives to
create an inclusive and vibrant business ecosystem in the MENA region and
beyond.
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