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Sawiris Foundation Loans in Qena (AUEED)

IMPLEMENTING NGO
Association of Upper Egypt for Education & Development (AUEED), registered in 1967 under No. 1010.

GEOGRAPHICAL AREA
Qena, Luxur governorate.

DURATION
24 Months as of December 1, 2008.

OBJECTIVE
Provide training and small loans for 1200 male and female beneficiaries.


STATUS
Accomplished.

In the face of high unemployment and poverty in Qene, Luxur, the project targets 1200 beneficiaries from those jobless and new small and micro entrepreneurs to provide them with small loans (at the average of  LE1667/loan) and entrepreneurship training.

The ultimate goal of the project is to support the beneficiaries in self-employment and enterprise creation and help them increase their livelihood.

The training includes 20 courses over two years on topics dealing with, feasibility study, book keeping, accounting, legal procedures, marketing, and how to establish and manage small projects.