Riyadh: The Small and Medium Enterprises Loan Guarantee Program (Kafalah), in collaboration with the Riyadh Chamber, will organize interactive sessions on July 15, in observance of World Youth Skills Day. This initiative aims to enhance awareness and develop entrepreneurial skills among youth, entrepreneurs, and small and medium-sized enterprises (SMEs).
According to Saudi Press Agency, the sessions will address key topics to boost youth contributions to national economic development, aligning with the objectives of Saudi Vision 2030. Focus areas include access to finance, building administrative and financial capabilities, enhancing SME sustainability, and transforming ideas into viable projects.
These sessions underscore the collaboration among entities supporting the SME sector in the Kingdom. The Kafalah program and Riyadh Chamber aim to create an environment that fosters youth growth and strengthens their contributions to the national economy.
Kafalah Program supports micro, small, and medium enterprises by providing financial guarantees, thereby improving their access to financing and reducing lending risks for financial institutions.