MSMEs directly empower women and youth. Through the UNDP-MSMEDA partnership, MSMEDA has 11.2 Billion Egyptian Pound disbursed as loans for financing MSMEs which reached 526,858 micro and small-sized enterprises and created around 802,434 job opportunity. Women have highly benefited from the financial services where 48% of the total number of beneficiaries were women. Moreover, 45% of the total were in the age group between 20 and 35 years old.
The collaboration didn’t only provide financial services, but it has been extended to building people’s capacities to run their own projects. Between 2017 and 2019, MSMEDA held 510 training workshops on entrepreneurships which benefited at least 11,947 participants.
As part of the strategic partnership, UNDP is working with MSMEDA to mainstream gender equality and women’s empowerment principles through MSMEDA’s policies and programmes. In 2019, MSMEDA has received the Gender Equality Seal Award which has been provided by The National Council for Women and UNDP. MSMEDA is the first public institution in Egypt to receive the award, the first in the Arab region and the second at the global level.