The Société Général Social Impact Fund, Morocco’s pioneering social and solidarity mutual fund, has unveiled its second call for projects, emphasizing youth employability and empowerment.
Nonprofit organizations active in this sector are encouraged to submit their initiatives online from June 24, 2024, to September 9, 2024, via https://sg-socialimpactfund.com/associations/.
Eligible associations can propose projects aimed at enhancing youth employment through various actions, including:
- Professional training programs tailored to market needs
- Development of professional skills and soft skills to boost employability
- Projects promoting the socio-economic inclusion of disadvantaged youth
- Innovative initiatives encouraging youth engagement and fulfillment in the workforce
- Support for securing first-time employment
- Entrepreneurship support for creating independent activities
- Post-launch assistance for entrepreneurial projects
This call for projects aims to support associations dedicated to improving youth employability by providing financial assistance and guidance over two to three years. This support is designed to help these associations increase their impact and prepare for long-term diversification of their funding sources.
A unique aspect of the SG Social Impact Fund is its commitment to donating all its dividends to associations. The fund focuses on strengthening medium-sized Moroccan associations dedicated to human capital development. It thereby bolsters the third sector and fosters an environment conducive to individual growth, aligning with the strategic directions of the New Development Model.
The fund consists of bond securities that are less sensitive to rate fluctuations, protecting the capital invested by institutions, companies, or individuals. It serves as a potent tool for social and civic responsibility, especially for companies keen on enhancing their CSR strategies by contributing to civil society efforts. Financial innovation is thus harnessed for civic action.
“At Société Générale Maroc, we contribute to the development of medium-sized associations, key players in serving society, by supporting their solidarity initiatives. The SG Social Impact Fund is part of our CSR approach, aiming to create a positive, sustainable, and equitable impact,” stated Ahmed El Yacoubi, President of the Social Impact Board.
