Program areas at MEII
Meii has been proving for over a decade that formal and informal small and medium-sized enterrpises (smes) are both credit worthy and net contributors to job creation in the mena region. Starting in palestine in 2008 and expanding to tunisia in 2015, meii has financed over $553 million in lending to more than 4,041 businesses with a cumulative loss rate of less than 1.5%. Over this period, an estimated 40,000 jobs have been created and sustained in the region. Meii stimulates local bank lending by providing partner banks with loan guarantees and technical assistance to assess the viability of their sme clients and structure loans to meet borrower working capital and longer-term capital needs.
Meii also facilitates sme access to capital by improving the accounting and financial literacy of businesses and matching them to available capital through an innovative online platform called "tamweeli". Starting in palestine in 2014 and expanding to jordan and tunisia, more than 3,296 smes received technical assistance from meii business advisors. The tamweeli platform harnesses the security, speed, and simplicity of the internet to streamline the financing process for both financial intermediaries & smes, connecting businesses with funding for growth and helping lenders and investors assess opportunities. More than 10,000 smes have registered on the platform and $22 million in loans have been financed by local financial intermediaries.
Who funds Middle East Investment Initiative (MEII)
Grants from foundations and other nonprofits
Personnel at MEII
Name | Title | Compensation | Date of data |
---|
James Pickup | President and Chief Executive Officer | $184,584 | 2023-10-26 |
Joseph Sehwail | Vice President | | 2023-01-25 |
Rami Khoury | Executive Vice President and Managing Director | $291,192 | 2023-01-25 |
Mariem Chalouati | Office Manager | | 2023-01-25 |
Abuhijleh Fawzieh | Deputy Program Manager Fawzieh | | 2023-01-25 |
...and 15 more key personnel |
Financials for MEII
Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
---|
Total grants, contributions, etc. | $2,876,386 | $2,712,473 | 6% |
Program services | $83,158 | $73,553 | 13.1% |
Investment income and dividends | $4,148 | $4,959 | -16.4% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $0 | $0 | - |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $2,447 | $0 | 999% |
Total revenues | $2,966,139 | $2,790,985 | 6.3% |
Organizations like MEII
Organization | Type | Location | Revenue |
---|
Shanta Foundation | 501(c)(3) | Durango, CO | $940,655 |
African Center for Economic Transformation | 501(c)(3) | Washington, DC | $5,485,959 |
Tamid Israel Investment Group | 501(c)(3) | Grand Rapids, MI | $4,878,680 |
Synergos | 501(c)(3) | New York, NY | $5,743,927 |
Attack Poverty | 501(c)(3) | Stafford, TX | $3,571,259 |
Grassroots Global Justice | 501(c)(3) | Washington, DC | $5,014,834 |
Akademiya2063 | 501(c)(3) | Washington, DC | $4,877,730 |
Building Markets | 501(c)(3) | Brooklyn, NY | $4,108,126 |
Seed Commons | 501(c)(3) | New York, NY | $7,986,885 |
Community Agroecology Network | 501(c)(3) | Santa Cruz, CA | $819,838 |
Data update history
January 1, 2024
Received grants
Identified 1 new grant, including a grant for $5,000 from The Dana Foundation November 29, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Social advocacy organizationsInternational-focused organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementForeign affairsInternational developmentEconomic development
Characteristics
Operates internationallyReceives government fundingTax deductible donations
General information
- Address
- 1255 22nd St NW 57094
- Washington, DC 20037
- Metro area
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Website URL
- meii.org/Â
- Phone
- (202) 799-4345
- Facebook page
- Middle-East-Investment-InitiativeÂ
IRS details
- EIN
- 02-0760094
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2005
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- Q30: International Development, Relief Services
- NAICS code, primary
- 813319: Social Advocacy Organizations
- Parent/child status
- Independent
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