Geographic Area:

Entire Egypt

Area of Development:

Support to the economic and productive system

Sector:

Development of small and micro Enterprises

Executive body:

DGCS (direct management)

Institutional counterpart:

Social Fund for Development (SFD) - Cairo

Other Funding parties:

-

Beneficiaries:

Small Egyptian Enterprises

Period of implementation:

2002 - 2004

Amount and nature of the funds:

Bilateral channel. 12,911,422.48 (Aid Credit)

Type of intervention:

Technical assistance and line of credit

Objective:

Development of the small local enterprises and transformation of the informal economy to formal economy

Description of the project:

The project intends to promote the Egyptian small and micro enterprises, in a way to generate an income and expand the activity. It features in the context of interventions aiming at facilitating the access of small enterprises to the local bank credits and to provide technical assistance in the aim of elaborating project activities of entrepreneurship and procurement. The project is composed of a line of credit for Egyptian small private enterprises, destined to the import of goods and services of Italian origin. The credit will be disbursed through the financial institutions that participate in the program of the SFD/ SEDO, that will provide technical assistance (feasibility studies, procurement facilities, business plans) and financial assistance. The project aims at creating a rotating fund that will guarantee future sustainability of the activities envisaged by the project.