Nomou creates sustainable employment at scale through the integrated provision of business skills, finance, and market linkages to start-up and growing SMEs. The programme currently operates in Oman, Jordan, Iraq, and Egypt with the intent to expand to other countries in the region.
In 2012, Shell Foundation, the independent charity, and GroFin, a specialist SME development finance organisation, founded the Nomou programme with a restricted donation of US$50M from Shell.
The ten-year goal of the Nomou programme is to provide support and finance to 600 SMEs that will employ an estimated 15,000 people.
To achieve this goal the programme:
- Establishes SME funds that leverage participation from global and local investors;
- Develops support facilities to fund the business skills delivered to entrepreneurs;
- Delivers an integrated solution of patient risk finance (viability based and between US$100K – $2M) and pre- and post-finance business development assistance to start-up and growing businesses; and
- Facilitates links between SMEs and the supply chains of larger companies.