Social Fund for Development – Phase IV

What is this project about?


The project is an extension of ongoing cooperation between the Social Fund for Development (SFD) with the aim of strengthening the capacities of SFD in order to:

  • Enhance institutional and operational efficiency
  • Improve planning, monitoring and evaluation for development results
  • Increase access to improved financial and non-financial services for SMEs
  • Improve methodologies and business processes targeting human and community development interventions to become more sustainable and aligned with the local environment

This phase will allow for further strengthening of SFD’s capacity to become an effective agent for inclusive development in Egypt, and in turn, enhancing SFD’s position to become amongst the first tier of national development agencies operating in middle-income countries.

What have we accomplished so far?

  • In 2014, SFD supported 178,253 micro- and small-enterprises by disbursing a total of 3 billion EGP in loans and creating an estimate of 217,991 jobs. Some 44% of the lending were for female-owned businesses.
  • The project trained 957 staff in 2014 to increase SFD’s services and delivery and developed a new Strategic Results Framework to enhance its results-based management systems.
  • The project supported 13 banks and their employees in credit and value chain management, Islamic banking and agricultural financing. It also trained a total of 657 specialists on management of small agricultural projects and start-up businesses in 2014.
  • SFD has implemented 64 new infrastructure projects and 392 community social service projects to provide social protection, better infrastructure and services to the poorest districts of Egypt.

Who finances this project?



Government of Egypt

UNDP

Delivery in previous fiscal year

US$ 31,309,455 (2014)

Project Overview
Status:
Ongoing
Project Start Date:
2013
Estimated End Date:
2015
Geographic Coverage:
Egypt
Focus Area:
Poverty Reduction
Project Officer:
Nahla Zeitoun
 
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