|Approval Date||23 Nov 2021|
|Signature Date||03 Feb 2022|
|Planned Completion Date||30 Apr 2025|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||11231|
The Private Sector Development in Fragile Context: Capacity Building and Access to Finance for Youth and Women (PSDFC) aims to increase employment opportunities, market access and incomes for women and youth in South Sudan. The PSDFC project is complementing other Bank funded projects to maximize the impact on job creation. It will contribute to sustain peace and development in South Sudan, widening the opportunities for women and youth, and engage them through entrepreneurial skills enhancement. Specifically, this will address:(i) low levels of business and financial skills including literacy on business management; (ii) challenges in accessing financing, diversifying and sustaining Micro and Small Enterprises (MSEs); (iii) inaccessibility to services of good quality; iv) limited access to information about market demands and trends; (v) absence of organised collective efforts to meet market requirements; (vi) low productivity; and (vii) capacity challenges of government and private sector institutions for private sector and entrepreneurship development. The project will be implemented over a period of 36 months in Western Bahr-el-ghazal and Western Equatoria where activities in the above value chains are viable. Its total cost is UA 1,500,000 (equivalent to USD 2,145,000) financed through Transition Support Facility (TSF) pillar III.
The overall goal of the PSDFC project is to increase employment opportunities, market access and incomes for women and youth in South Sudan. The specific objectives of the PSDFC project are: (i) Support growth of MSEs through Business Development Services (BDS), technical training and linkages to Markets and Micro-Finance Institutions (MFIs) to access finance; and(ii) Strengthened institutional capacities of the government and private sector institutions to promote growth of MSEs and the economic empowerment of women and youth.
Direct project beneficiaries are: (i) 1,050 youth (18-35 years, 50% female) and 450 women who will be supported to establish, respectively, 30 and 20 market/value chain-oriented Village Saving and Loan Associations (VSLAs) respectively. VSLAs members will be encouraged to form groups of 5 people based on common economic interest to create MSEs and access business start-up capital from the financing facility. The start-up capital will be offered in form of interest free loans to be reimbursed to create a revolving fund for women and youth-led MSEs.
Fragile States Facility
MINISTRY OF FINANCE AND ECONOMIC PLANNING
|Last Update||02 Feb 2023|
|Name||TAPTUE André Marie|
|8.15 26||Western Bahr al Ghazal|
|5.4 28.4||Western Equatoria|