Starting a business

How Can BIDAYA help you?

• Do you have a good business idea?
   
• Are you aged 18 to 35?
   
• Have you been unable to get hold of all the money you need to start your business or expand your existing business?
   
• If you can answer YES to the above BIDAYA may be able to help you.

What We Can Offer

• A low interest loan of up to 2oo,ooo s.l.
• A business advisor for at least three years
• Public relations opportunities
• Networking opportunities with other young businesses

Services offered by BIDAYA

Seed funding 

Funds made available by BIDAYA will be small scale, micro-financing arrangements with a maximum of 200,000 s.l. and a three-year payback. A key focus of BIDAYA is to provide the correct level of investment for the needs of the local climate and a repayment schedule without imposing extraneous burdens.

Mentoring

Business mentoring is a well-established concept designed to assist young people in starting their own businesses. Senior businessmen and specialists in areas such as finance, the law, marketing, distribution, production, manufacturing and other disciplines work closely with the young people selected by BIDAYA's Board of Directors. Mentors help produce plans, identify needs, and give advice as necessary. They are expected to give their time freely and be fully accessible, within reason, to BIDAYA and its loan beneficiaries. This is the crux of the distinction and success of BIDAYA.

Who can benefit?

• Any Syrian between the age of 18-35.
• They should be able to show they have been unable to obtain finance through conventional means.
• Both unemployed and underemployed young people qualify.
• They must have a viable business idea.
• Candidates should display energy and enthusiasm and a degree of pre-existing skill and knowledge.

Earnings from the business should be their main source of income.