Careem, the region’s leading app-based car booking service, in cooperation with Sarwa Capital, is providing Captains with a tailor-made car ownership program to help them fully reap the economic benefits of their work instead of splitting benefits with the car owner. The launch of Your Car, Your Project will facilitate car ownership for Careem Captains, who typically find it challenging to buy a car and often split their income with car owners or car providers. Specifically developed for Careem Captains, the program will allow them to pay for their car installments through their work on the Careem app.
At Careem, we’re contributing to job creation in every market in which we operate. We understand the unique challenges facing our Captains and continually allocate resources to develop innovative programs that will help overcome those issues, said Mohamad ElAnsari, Managing director Fleetco., Careem. As the largest mover of people in Egypt, it’s crucial that our Captains have access to programs that promote economic mobility while also helping better secure their earning potential. Our Your Car, Your Project program offers Captains the opportunity to make their work even more rewarding.
Careem’s unique employment model centers on creating jobs for everyone, serving as a driver of economic growth and a local job creator with a difference for thousands of Egyptians. Careem’s Captains are categorized by employment status and age groups. Around 23% of Careem Captains are private-sector employees whereas 12% work for the public sector. About 29% of Careem’s Captains don’t have another job and depend solely on Careem as their primary source of income, while 20% are freelancers. Careem’s model seeks Captains beyond the standard employment demographic by creating job opportunities for retirees (6%) and university students (10%).
Our cooperation with Careem provides an opportunity to facilitate car ownership for those who most readily need it, said Hazem Moussa, Managing director, Sarwa Capital. As leaders in consumer and structured finance serving the Egyptian market for nearly 20 years, we recognize the importance of providing the right financial services to the right customer. This encouraged us to work closely with Careem to develop the Your Car, Your Project program specifically tailored to meet the needs of Careem Captains, offering them the chance to fully benefit from their work with Careem. The program allows Careem Captains to pay their car installments through the Careem app. The Your Car, Your Project program offers solutions that help Careem Captains to overcome the challenges they face and creates new job opportunities that contribute to improving the quality of life and supporting economic growth in the Egyptian market.
Careem nurtures a positive work environment with equal and fair opportunities for all employees. To become a Careem Captain, candidates must be presentable, hold a driver's license, a national ID number and submit a criminal records’ certificate. In addition, all Captains are required to undergo a drug test and have their cars tested (engine, breaks, body, and interior). It is also mandatory for new Captains to partake in the training provided by Careem on customer satisfaction and how to use the app as well as pass the relevant exam. Careem has an open-door policy for Captains and welcomes their feedback.
Since its inception in 2014, Careem Egypt has proven endless commitment to driving local innovations to turn the region’s most pressing challenges into opportunities. It has successfully become recognized as a main contributor to economic growth and a local job facilitator in the countries in which it operates.