NEF Belgium

NEF Belgium is part of the NEF family of organizations, which includes NEF UK and the US-based NEF. The three organizations are legally and financially independent, sharing technical and management capabilities to advance their common objectives. NEF BE was established in 2019 and NEF UK was established in 2012. 

Our Work

NEF Belgium, NEF UK, and NEF share a common mission and approach to building more sustainable, prosperous, and inclusive communities in the Middle East, Africa, and the Caucasus through education, community organizing, and economic development.

Projects

  • Syrian Revolving Credit Fund

    Active: 2020 - 2021

    Donor: Syrian Recovery Trust Fund

    Background

    Credit-ready entrepreneurs in Syria have little or no access to appropriate loan products. Physical, social and economic vulnerabilities create insurmountable barriers to access loan products when they do exist.

    Impact

    The Syrian Revolving Credit Fund (SRCF) will support and promote local entrepreneurship in Northeast Syria. The fund will advance the growth and sustainability of small and micro-enterprises owned by local Syrian entrepreneurs, who will gain access to loans and non-financial services. NEF will establish three pilot revolving fund facilities in the first phase of the project, which will support 480 entrepreneurs and their households. The self-sustaining model of the SRCF will provide future generations of entrepreneurs with access to financial services and promote economic sustainability throughout the region.