Young women take credit and learn skills to start their own businesses
Lack of job opportunities -especially among youth- is one of the main problems facing the Egyptian community. While unemployment is at around 12%, more than 30% of young people do not have a formal job. Especially young women have difficulties in finding employment – finding employment is five times harder for them than for young men.
Young people who do not find a job or have low income may start their own business to improve their standard of living. However, they need collateral papers to get a loan from the bank. In addition, they need knowledge and skills to successfully run their own moneymaking projects.
Women participation in productive activities is restricted, because of traditions and cultural norms, including women’s primary role in raising children. The challenge for female entrepreneurs is to initiate projects from their homes that can be combined with raising children.
We enable micro-entrepreneurs to manage their initiatives and their lives. We empower the youth and women to create their own job opportunity.
The microcredit program offers three distinct activities that help micro-entrepreneurs get their project off the ground.
Facts and figures
Unemployed youth and women between 18 – 65 years, who want to start a small income generating a project.
In the urban slum, rural and semi-rural areas of Alexandria and El Behera.
The Microcredit project started 1991 and is ongoing.
Mrs. Amal Sobhy
Responsible of Micro credit department
P: (03) 4806306