Egypt - Micro and Small Enterprise Support Project


Project Summary

Approval Date 11 Oct 2006
Signature Date 27 Nov 2006
Planned Completion Date 31 Dec 2012
Last Disbursement Planned Date 31 Oct 2013
Sovereign / Non-Sovereign Sovereign
Sector Social
DAC Sector Code 11330
Commitment U.A 62,330,144
Status Completion

Project General Description

The present project relates to social fund for development (SFD): micro and small enterprises support project. It aims the creation of sustainable jobs and increasing income generating opportunities for the economically active poor through a holistic approach that will address key constraints to MSE financing and development in Egypt. This project is focus on: (a) helping micro and small enterprises gain better access to financial services, (b) helping SFD play a catalytic role in improving the business and regulatory environment for MSE growth and development, and (c) providing capacity and institutional development support to SFD and selected financial intermediaries, and also strengthening business development services for start-up and existing MSEs, thereby helping them to start and improve performance. It comprises two components namely: (i) Line of Credit, which will be geared towards the provision of loans to commercially viable micro and small enterprises for their working and investment capital needs, and (ii) Technical Assistance, which would be funded through the MIC Trust Fund to develop and enhance key business skills in MSEs and those institutions that serve them (SFD, banks and NGOs).

Project Objectives

The sector goal is the promotion of rapid economic growth and poverty reduction. The objective of the project is the creation of sustainable jobs and increasing income generating opportunities for the economically active poor, resulting to decreased poverty levels and improved socio-economic indicators in the long-term.

Beneficiaries

The project should broadly target micro and small enterprises. The specific target groups for the project should be defined as: (i) inhabitants of low-income communities with high poverty and unemployment indices; (ii) the unemployed, especially new graduates; (iii) women entrepreneurs; and (iv) franchisees. Special attention should be on new entrants into the labour market. The complementary technical assistance activities of the project should also target SFD, the selected intermediary banks and NGOs, and the endborrowers (micro and small enterprises).

Participating Organization

Funding
African Development Bank
Funding
Middle Income Countries Fund
Extending
Government Of Egypt
Implementing
Fonds social pour le développement (Social Fund for Development)

Information

IATI identifier 46002-P-EG-IE0-002
Last Update 21 Oct 2020

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Contact Details

Name MASUMBUKO Robert
Email r.masumbuko@afdb.org

Geographic Location

Country Egypt