SPARK develops higher education and entrepreneurship, so that young ambitious people are empowered to lead their post-conflict society into prosperity. SPARK is a dynamic and growing not-for-profit development organization with over 80 staff members that helps young entrepreneurs to start or grow their own businesses. SPARK helps displaced youth to access higher education in conflict areas.
SPARK is achieving its mission by organizing business plan competitions, business skills training, SME coaching & mentoring, business incubation, SME financing, intensive higher vocational summer courses, curriculum development and quality assurance at universities and higher vocational education institutions.
SPARK financing instruments are designed to complement SPARK’s on the ground technical assistance programmes for local Small and Medium-sized Enterprises (SMEs). All these instruments focus on SMEs that are too large to benefit from micro-finance, whilst too small to be able to secure regular commercial loans in the banking sector.
SPARK has designed and deployed over 21 partial risk guarantee instruments in Africa, Middle East and South Eastern Europe. Our Loan Guarantee Funds have been able to reduce the collateral risk for the local banks, consequently facilitating lending to SMEs. Our complementary technical assistance programme provides additional risk mitigation strategy for the local banks. These instruments has been used to provide loans of up to Euro 10K to over 250 businesses around the world, with over Euro 2.5 million loans facilitated. These instruments have also been used to facilitate Sharia compliant instrument such as Murabaha investments into SMEs in the Middle East. In addition to guarantee instruments SPARK has designed and deployed direct lending instrument in Afghanistan, Liberia and South Sudan.
SPARK started a private equity impact investment fund, the “Ignite fund”. The Ignite fund aims to invest in SMEs which require between Euro 50K to Euro 750K in growth capital investments. The fund is designed to utilize innovative equity investment tools to mitigate difficulties typically faced in valuations and investment exits for SMEs in frontier markets.
Based in Amsterdam, SPARK has offices in among others Abidjan, Amman, Beirut, Belgrade, Bujumbura, Gaziantep, Erbil, Hargeisa, Juba, Kigali, Mitrovica, Monrovia, Ramallah, Sanaa and Tunis.
SPARK is currently looking to fill the position of
The Fund Manager will primarily focus on Loan Guarantee Funds facilitated by SPARK through financial institutions in the target countries, and take the lead in structuring and improving risk guarantee instruments. In addition she or he will manage a limited number of direct loans (2) and equity investments (2) in small growing business.
Main tasks and Responsibilities:
Requirements and Skills:
For more information, please visit the SPARK website: www.spark-online.org. If interested, please send your letter of motivation and your CV to email@example.com up and until 20 January 2016. Reference: Vacancy Fund Manager. For questions please contact Michel Richter at +.31.20.7530311