Mustaqbalak (Your Future)

Project Status

5,616

Self-Employed Youth

4,182

Created Additional Jobs

In collaboration with Education for Employment Europe (EFE-Europe) and Al-Amal Bank, Silatech launched Mustaqbalak (Your Future), a transformative initiative dedicated to connecting youth in Yemen to meaningful economic opportunities through concessional financing.

By focusing on youth-owned start-ups and struggling micro-enterprises, the project is making substantial contributions in socio-economic empowerment and resilience building for young individuals. Launched in September 2022, Mustaqbalak leverages digital solutions to drive financial inclusion for youth-led start-ups and micro-enterprises in the commercial and service sectors.

By the end of 2023, the project supported the self-employment of 5,616 youth which created additional jobs for 4,182 young people. The job opportunities created through Mustaqbalak have far-reaching benefits, including increased income for youth and their families, community development, and the generation of new economic activity.