Summary

The Dareb project, funded by The Asfari Foundation, was created through collaboration between the Entrepreneurial Development Foundation, YMCA, Makesense Lebanon, and ADIE. The aim was to kick start a sustainable ecosystem in Lebanon in order to offer solutions to the challenges faced by the young entrepreneurs, building on the ACSI. The target was young Syrians and Lebanese in the Bekaa that have the willingness to create businesses by providing access to a comprehensive and sustainable ecosystem that underpins entrepreneurship through qualitative training, community support, and access to the market. This program focuses on the community and the ecosystem around the entrepreneurs, involving all the local actors (volunteer coaches, municipalities, banks and Micro-Finance Institutions, trainers, existing entrepreneurs, etc).

Through community building, entrepreneurial group training, and individual mentoring sessions aimed at guiding micro-entrepreneurs in the preparation of files to be submitted to financing institutions, we hope to pave the way for a sustainable and comprehensive ecosystem of social innovation support.

Objectives

Thanks to the successful implementation of the project, the efforts, resources, and technical competencies of the four partnering organizations were shared to reinforce each other, thus contributing significantly to reinforcing the entrepreneurial ecosystem in Bekaa Valley. Furthermore, the combination of individual coaching through local volunteers, and group trainings for existing entrepreneurs has allowed them to strengthen themselves and improve their skills, allowing them to further develop their businesses  in the area and make them sustainable over time.

Achievements

As a first step, Association ADIE provided a professional team to implement a Training of Trainers.

During this exchange, ADIE assisted EDF, YMCA and Makesense employees in developing their teaching skills, understanding Dareb training material and becoming trainers themselves.

At the end of the TOT, EDF employees were able to implement capacity building trainings including:

Outreach & Field Assessment

EDF conducted trainings for 4 groups of 40 young entrepreneurs in Central of Bekaa in Montada el Moka’adine, Majdel Anjar and Deir el Ghazal Municipalities.

DAY 1: Entrepreneurial skills to help the beneficiaries learned about the main traits of an entrepreneur such as market and financial control, self-confidence, personal development and team management.

DAY 2: Market study and marketing to teach them how to identify their market by asking the right questions about their clients, their competitors, their suppliers and the market rules. Thus, leading to a better understanding of the targeted field and a well-built marketing strategy.

DAY 3: Personal economic model to help them briefly describe their companies’ work systems such as the main partners, main activities, customer relations, main resources, etc. in the objective of having a clear and detailed understanding of the company’s situation and be able to consider testable hypotheses about economical behavior.

DAY 4: Financial studies to help them build financial forecasts and initial financing plans, calculate the expected result and establish a cash flow plan.

DAY 5: Digital communication to introduce them to different marketing platforms and more specifically social media by teaching them how to create a Facebook and Instagram page and how to create content to acquire subscribers and gain new costumers.

DAY 6: Crisis management to help them resist periodical crises and find new opportunities within the economic calamities so they can rise again and keep on making a profit.

After doing an assessment with the existing MFIs and discussing the difficulty they faced in this critical economic situation, we finally signed an MOU with Ibdaa, who was present in all the trainings, to inform the participants about the conditions of getting a loan.

EDF also invited its alumni to listen to the trainees’ projects and give them advice through their and expertise in managing small businesses and overcoming crises.

and the President of the Association of Industrialists in Bekaa to open new horizons for them by linking them to broad markets to increase their production, especially in everything related to food products.

At the end of the training, the participants gained in assurance. They were all able to speak with confidence and determination about their projects in front of each other, IBDAA representatives, and the President of the Association of Industrialists in Bekaa Mr. Nicola Bou Faisal.

Grant Distribution

EDF distributed cash grants to 36 beneficiaries from Montada el Moka’adine, Majdel Anjar and Deir el Ghazal.

Follow-Up

Testimonials