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Geographic Area:
Governorates of
Giza and
Minia
Area of Development:
Economic and social development
Sector:
Poverty alleviation
Executive body:
DGCS (direct management)
Institutional counterpart:
Ministry of Foreign Affairs
Other funding parties:
-
Beneficiaries:
Families with low income, and micro enterprises
Period of implementation:
1998 - 2005 - ACCOMPLISHED
Amount and nature of the funds:
Bilateral channel 6,470,564 Euro [grant]
Type of intervention:
Micro-credit and services
Objective: Increasing the income of the poorest families and
developing micro enterprises
Description of the project:
Microcredit is an effective tool of self-development and
fighting poverty because it allows to those who are usually
considered “non bankable” to have access to financial services.
Through this tool, the program aims at improving the conditions
of the most disadvantaged families, through the funding of
income generating activities.
To that
end, two main tools are used:
-
the
Revolving Fund used to finance small economic activities
and
-
the
Guarantee Fund that allows microentrepreneurs to
access banking loans.
The
program encourages the active role of the Community Development
Associations (CDAs) both in handling the loans and in promoting
activities aimed at improving the quality of life of the
communities, such as: constructing septic tanks, connecting
houses to the network of drinkable water, distributing IDs
and birth certificates in particular to women and
establishing small libraries and Internet points. Thus, the
beneficiaries also become the main actors of the process of
community empowerment. Another positive aspect of the
program is the use of an open source software both to collect
and to manage the data related to the loans, called
Social Loan Tracking System.
Since May, 2005 the program is entirely managed by the Egyptian
side. The end of the Italia-Egyptian management and the success
of PAP was celebrated in an
International Seminar, held
in Cairo in April 2005.
The Program reached
the following results:
-
34.893 loans
disbursed for a total amount of
72.246.295 EGP
-
Different sectors of
intervention: services, agriculture, industry and trade
-
A growing attention
to the female population, in a gender perspective
-
98% reimbursement rate
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