Supporting refugee entrepreneurs and small businesses
© UNHCR/David Azia
Refugees are known to be exceptionally entrepreneurial, thanks to their resilience, drive and strong work ethic. Companies can support refugee entrepreneurs and small businesses by providing loans, offering training programs or incubators, and facilitating their access to market. The benefits of supporting refugee entrepreneurs go beyond one individual – as refugee-owned businesses grow, they also create new jobs and help grow the economy.
Generali has committed to empowering refugees to set up 500 new businesses by 2020. Starting in Germany and France, refugees can access a program of incubation, training, and funding to equip them with the skills, resources, and tools they need to grow their businesses.
Bancamia, an entity of the BBVA Microfinance Foundation, has committed to providing loans, bank accounts, and insurance products to 200 Venezuelan entrepreneurs in Colombia.
Hiring & Training
UberEats is supporting refugee-owned food businesses in Brazil by waiving fees and highlighting them on its platform for three months.