Issue link: http://endeavor.uberflip.com/i/414924
FOCUS Name COMPANY YOUSSEF CHAQOR was nominated as one of the most promising leaders of Morocco by the awards program "Espoir Tizi 2014." IN ITS FIRST YEAR in operation, Endeavor Morocco built strong partnerships with key actors in the country's entrepreneurial eco- system, raised aware- ness around high-impact entrepreneurship and built an extensive pipe- line of high-potential companies. SERVING AROUND two million consumers per month, M2T enables people without bank accounts to transfer money, pay bills, and purchase mobile minutes and transportation tickets all from one con- venient location. The platform is accessible from POS, phone, or computer through 2,600 points of service. M2T leads Morocco's bill payment market and has already expanded operations to Senegal and France. THE LAUNCH OF Endeavor Morocco and the selec- tion of its first two high- impact entrepreneurs received wide coverage in the press, with 24 articles published in 17 different publications. IN THE PAST YEAR , Mr. Mohamed Elmandjra, Vice-Chairman of Endeavor Morocco, has donated over 70 hours to Endeavor Morocco to meet, select and mentor candidates, offer guid- ance to the team and advocate for the organi- zation in Morocco. Endeavor Morocco currently supports two entrepreneurs leading two companies. FOCUS Youssef Chaqor COMPANY Kilimanjaro Environnement INDUSTRY Renewable Energy YEAR SELECTED 2013 EMPLOYEES AT SELECTION 48 EMPLOYEES 2014 67 REVENUE 3013 $5.3m WHEN YOUSSEF CHAQOR reached the summit of Kilimanjaro with his wife, he realized that he wanted to have a lasting and positive impact on the environment and society. Yousef developed a process for collecting used cooking oils (UCOs) and fatty acids from restaurants and hotels, and reselling them to bio- diesel manufacturers. He quickly turned the process into a lucrative and sustainable business that promotes waste disposal, reduces pressure on food production, and abates CO2 emissions by up to 78%. Nominated to All World Arabia's "500 fastest-growing companies in the MENA region" in both 2012 and 2013, Kilimanjaro has expanded its collection network to 2,000+ estab- lishments, including Burger King, Accor Hotels, KFC, and McDonald's. In 2014, the company started pro- ducing biodiesel in-house. Since his selection by Endeavor, Youssef has received an EY Advisor through the EY Vantage program and worked with a Bain & Company extern for three months. Youssef also attended the Endeavor- Harvard Business School Scaling Entrepreneurial Ventures pro- gram. He is currently working with Endeavor on building both a capital-raising strategy and an advisory board. ENDEAVOR MAIN OFFICE Casablanca (2013) Yousseff Chaqor 52 ENDEAVOR IMPACT REPORT 2013–14 © Studio Lorenzo Salemi