MSMEDA pumps EGP 2.4bn in Fayoum governorate

By Amwal Al Ghad English On Dec 30, 2019

Nevine Gamea – Head of Micro, Small, and Medium Enterprise Development Authority (MSMEDA)

The Micro, Small, and Medium Enterprises Development Agency (MSMEDA) pumps about EGP2.4bn in Fayoum governorate since its inception in 1991, said Ashraf Darwish, manager of the Fayoum Branch at MSMEDA.

“We always support youth to start their businesses through facilitating lending conditions. We are keen on supporting entrepreneurship in the governorate,” Darwish said, adding that MSMEDA has a good experience in fighting illegal migration through supporting youth to have their businesses.

Huge crowds of youth and students participated in an event on Sunday where the Ministry of Migration’s efforts to fight illegal migration were highlighted. The event also shed light on three models of the Egyptian youth who got financed from MSMEDA and achieved a great success.

Minister of Migration and Egyptian Expats Nabila Makram said combating illegal migration campaigns in line with paying special attention to the youth and supporting them to start their businesses were of paramount importance.