SFD Finances 19,000 Small Enterprises In Upper Egypt With EGP 145.3 Mln
The Social Fund for Development (SFD) financed about 19,000 micro- and small enterprises in Minya, Beni Suef, Fayoum, New Valley and Assiut with EGP 145.3 million in the first quarter of 2013, said Ghada Wali, secretary general of SFD.
On the sidelines of the conference organized by SFD to Support Upper Egypt governorates in Minya, Wali revealed that SFD financed infrastructure and societal and human development projects with about EGP 5.4 million which in turn created thousands of job for youth in these governorates in 2012 and the first quarter of 2013.
SFD visited Minya so as to discuss the plans of the World Bank’s employment project which will be executed in Egypt’s 15 poorest governorates, Wali noted in a statement.
SFD provides micro- and small enterprises established by people in Upper Egypt with the required finance as it financed more than 55,000 micro- and small enterprises for people in Minya, Beni Suef, Fayoum, New Valley and Assiut with EGP 401 million as well as financing infrastructure and societal and human development projects with EGP 26.6 million, she said during her keynote address at the conference.
