Capital Bank has announced its sponsorship of a training program organized by Endeavor Jordan for promoting and developing entrepreneurs’ capabilities across the Kingdom.
Endeavor is a non-profit organization with its headquarters based in New York City that seeks to lead a global movement of stimulating long-term economic growth by selecting, guiding and accelerating the best-performing entrepreneurs around the world.
The program, which kicked off on Monday and continues until the 14th of this month, aims to highlight business management, identify market growth opportunities, and address preparations required for investments. The program will also discuss concepts and strategies that support and grow businesses in a changing economy.
This training program, in which experts and entrepreneurs presented their real-life experiences before and after the launch of their projects, is in line with Capital Bank’s vision to support entrepreneurship and small and medium-sized enterprises in Jordan. This is further consistent with Capital Bank’s role as a key contributor in Jordan to the transformation of the economy from traditional to knowledge and innovation-based.
Indeed, Capital Bank enjoys a unique footprint in supporting and financing small and medium-sized enterprises that make up about 45% of GDP and provide 65% of job opportunities in the Kingdom. The bank provides financing to expand existing projects through the Central Bank's advances at preferential rates and a long repayment period to support industry, the alternative energy sector, the tourism sector and the agricultural sector, or alternatively supports in securing loan guarantees through local or international institutions.
Capital Bank praised Endeavor's efforts to qualify and train entrepreneurs, develop their capabilities, refine their personal and creative skills, and encourage them to innovate and create entrepreneurial jobs.
The training program tackled a number of entrepreneurship-focused subjects that were discussed over four interactive workshops addressing key business dimensions such as human resources management, strategy design and implementation, financial management and operational efficiency.