| Approval Date | 11 Oct 2006 |
| Signature Date | 27 Nov 2006 |
| Planned Completion Date | 31 Oct 2013 |
| Last Disbursement Planned Date | 31 Dec 2012 |
| Sovereign / Non-Sovereign | Sovereign |
| Sector | Social |
| DAC Sector Code | 11330 |
| Environmental Category | 3 |
| Commitment | U.A 65,764,725.06 |
| Status | Completion |
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).
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.
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).
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Funding
African Development Bank
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Funding
Middle Income Countries Fund
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Extending
Government Of Egypt
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Implementing
Fonds social pour le développement (Social Fund for Development)
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Implementing
Social Fund for Development (SFD)
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Extending
Government of Egypt
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| IATI identifier | 46002-P-EG-IE0-002 |
| Last Update | 24 Mar 2023 |
| Name | Robert MASUMBUKO |
| r.masumbuko@afdb.org |