Explain your idea in details:
Jordan is facing many key challenges these days, and I want to talk about one of them which is the economics problems that include poverty and unemployment, where 60% of the Jordanians are poor and their income does not exceed 600 Jordanian dinars. As for unemployment, there are many young people who have completed their education but they have no job opportunities. The Figure below shows the difference of the unemployment rate during the last past years. However, this innovative idea can solve the poverty and unemployment problems, which is a website that offers services for rotating savings and credit associations which defined as a group of individuals who agree to meet for a defined period in order to save and borrow together, a form of combined peer-to-peer banking and peer-to-peer lending. Each member contributes the same amount at each meeting, and one member takes the whole sum once. As a result, each member is able to access a larger sum of money during the life of the ROSCA. Here's it how it works : Let's say you and eleven of your friends are joined together in a MoneyPool, each of you have to pay 200$ monthly so the sum at the end of each month is 2400$ and each on of the members will take the whole sum of each certain month, which make the saving process more valuable and powerful.
Expected impact of your idea on sustainable development
What I seek of this idea is making people in Jordan appreciate the idea of saving money with people in a MoneyPool since it is a well known and trusted traditional way in our culture but making the difference by making it online so it becomes more efficient, guaranteed and powerful. So it can help them to solve there poverty and unemployment problems for short-terms goals.
Plans for implementation and sustainability
Collaborators are Local-Data Owners, Developers and Payments solutions companies. Which can offer us Jordan Data, softwares, payments solutions and guaranteed and secure platform The customer segments are the employees and retired people from all sectors.
I have had a job every summer since I was 15 years old. My primary reason to work was to have some extra spending money, but what I didn't realize was that I was actually sampling careers to see where I fit in. I worked as a sales assistant at a local Men suits store during the summer of 2013 and worked as a graphic and web designer during as a part-time job for 2 years. Then I discovered what I wanted to do for my career. I decided I would to go to college to study engineering and start-up my own business during my studies. Experience is the most thing that I never tire of, and I think that this program will be outstanding and severely rivaled in its comprehensiveness. I always look forward to learning new information, tools and procedures in order to start-up a new business. I am interested in participating in this competition because I think it will encourage me to innovate and to take practical actions to achieve my tasks and develop my skills by providing the right the campus, engaged entrepreneurs that might match my skills and interests. I hope to gain skills and experiences that will propel my short and long-term goals.