|Approval Date||08 Dec 2017|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||24030|
This intervention relates to the SME Support Program to improve their access to non-bank financing. It aims to put in place a national program targeting a group of promising SMEs that can develop and generate jobs, provided that these SMEs correct their weaknesses in terms of capacity. The program will facilitate SMEs' access to finance (in the capital market or through private equity funds), which will enable them to execute their investment plans, develop their businesses and create new jobs opportunities. Improvements in the capacities of beneficiary SMEs (from the point of view of strengthening governance, systems, etc.), the amount of funding mobilized by beneficiary SMEs, the growth of their activities and the new jobs they will create throughout the life of the project will be monitored and documented.
The objective of the project will be to facilitate SMEs access to finance (either local capital market or private equity). This will put them in a position to implement their investment plans, grow and therefore create jobs. Improvements in the capacity of beneficiary SMEs (in terms of improved governance, systems, etc.), the amount of funding that beneficiary SMEs will be able to raise, the growth in their activities and new job opportunities they will be creating over the project’s life will be monitored and documented. The project will facilitate the growth of beneficiary SMEs which should lead to enhanced private sector development (objective 4 of the TFT- this could be measured by growth in total asset and turnover of beneficiary SMEs) and job creation (objective 3 of the TFT measured by the incremental number of jobs created). The project does not explicitly target women or disadvantaged groups but efforts will be deployed to attract female-owned SMEs and SMEs based in underserved regions to the program.
The main beneficiaries of the program are SMEs. The project will promote the growth of beneficiary SMEs, thus contributing to the development of the private sector and the creation of jobs. The project doesn’t explicitly target women or disadvantaged groups, but efforts will be made to attract women-owned SMEs and SMEs from underserved areas to the program.
Multi donor Trust Fund for Countries in Transition
|Last Update||28 May 2020|
|Name||Ismail Mahamoud Houssein|