181 million pounds for the Alexandria Businessmen Association to support micro projects
The CEO of the Small, Small and Micro Enterprise Development Authority, Basil Rahmi, stressed the continuation of the agency to activate ways of cooperation with various development partners to provide the necessary support for the micro -projects sector in all governorates, considering the sector one of the most important tools for supporting the national economy due to its ability to provide job opportunities in addition to its role in providing products that meet the needs of markets from products And services. Executive of the Small and Crafts Development Project at the Alexandria Businessmen Association, with the aim of implementing the microfinance project in the amount of 100 million pounds, and the project to support agricultural investments and livelihoods with the Alexandria Men Association in the amount of 81 million pounds.
& nbsp; Focusing on sectors that provide heavy job opportunities by expanding their financing to encourage citizens, especially young people and women, to self -employment, noting that the new contracts focus on promising sectors in the Egyptian market, which are craft projects and agricultural projects where each of them contributes positively to providing the needs of the local market as well as their ability to reach global markets. The Board of the Alexandria Businessmen Association, that there is a continuous partnership relationship with the Project Development Authority, where contracts for cooperation previously signed and today the third and fourth decades are signed between the two sides, stressing that supporting small and micro projects is a basic pillar in sustainable development that the Alexandria Businessmen Association seeks to achieve through the average number of 70 thousand loans per month with an average of one billion pounds. Nevin Badr Al -Din said that these contracts come within the framework of the agency’s action plan to increase the numbers of intermediate bodies and development partners with whom he cooperates in the field of microfinance, which contributes to access to the targeted groups directly and quickly, in addition to increasing the microfinance portfolio of the device to support, develop and establish micro projects that civil societies re -lend to young graduates of both sexes and experienced experiences wishing to develop their projects List or starting new projects for the purpose of financing working capital and the possibility of buying machines and equipment. & nbsp;
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Related
