Social Fund for Development – Phase IV
What is this project about?
The project aims at strengthening the capacities of the Social Fund for Development (SFD) in order to become an effective agent for inclusive development in Egypt. SFD and the United Nations Development Programme (UNDP) cooperates in the below areas:
- Enhance institutional and operational efficiency;
- Improve planning, monitoring and evaluation for development results;
- Increase access to improved financial and non-financial services for Small, Medium Entrprises (SMEs);
- Improve methodologies and business processes targeting human and community development interventions to become more sustainable and aligned with the local environment.
The Social Fund for Development directly provides support to the Egyptian people through financial and non-financial services, improving their living conditions.
What have we accomplished so far?
- In 2015, the Social Fund for Development (SFD) financed a total of 15,211 small enterprises (78% for men, 22% for women) in loans disbursing an aggregate of 2,270.2 million EGP to companies working in sectors of industry, trade, services, agriculture and others.
- It financed a total of 152,891 micro-businesses (57% for men; 43% for women) in loans disbursing an aggregate of 1,170.9 million EGP.
- SFD provided tailored services for Micro and Medium Enerprises (MSEs) through the operation of its 33 One-Stop-Shops throughout Egypt and provided training and support in industrial, entrepreneurship and marketing activities.
- 72 training programmes were organized and 2,198 trainees benefited from SFD's entrepreneurship training; making them ready for running their businesses.
- SFD has carried out a number of Women Entrepreneurs Days in Cairo and in regional offices (Luxor, Aswan) to share success stories of women entrepreneurs, display their products and promote networking with stakeholders.
- 307,679 workdays were created in establishment of community infrastructure and public services in seven governorates; providing job opportunities and generating income for people. Over 50.8% of the workdays were assigned to women especially in the provision of community services.
Who finances this project?
Government of Egypt
Government of Japan
Government of Kuwait
Government of Sweden
The Social Fund for Development (SFD)
The United Nations Development Programme (UNDP)
What is the Project Budget?
$233,074,399 (July 2007-Dec 2013)
$121,000,000 (Budget Extension 2015-2016)
Delivery in previous fiscal year