Youth Able to Work
The Ministry of Social Solidarity.
New Horizon Association.
Giza Governorate (Geziret El Dahab) & Cairo Governorates (El-Basateen).
LE 1,864,750 (project total budget: LE 2,151,260)
Providing new individual loans for 673 beneficiaries. The loan amount average is LE 2000.
Providing new collective loans for 857 beneficiaries. The loan amount average is LE 1000.
Renewing loans for 160 projects (80 individual projects and 80 collective projects).
Providing 30 Management Training Workshop for 750beneficiaries to enable them to manage their projects successfully.
The project aims to improve the living conditions for the most disadvantaged members of the community in the governorates of Giza (Geziret El Dahab) & Cairo (El-Basateen) by providing the opportunity for 1530 young men and women to form their small enterprises through the individual and collective micro-credit loans.
It also aims to help small business owners to expand their existing microenterprises to improve the level of their income. This project provides the beneficiaries with microenterprise development program which is generally incorporate micro-credit and training components. 20 young people of the targeted areas will be involved in the implementation of the projects. Their tasks include following up the progress of projects, finding adequate solutions to the problems that beneficiaries face, following the payment of installments due date, and working on the marketing of the projects’ products.
This project comes within the context of the protocol of cooperation between the Ministry of Social Solidarity and the Sawiris Foundation, in order to implement the “Combating Unemployment” initiative, with a total of approximately EGP 10 millions allocated by Sawiris Foundation, to create 5000 job opportunities in five slums in Giza and Cairo: Ezbet El-Nasr in El-Basateen neighborhood, Geziret El-Dahab in the South of Giza, Ain Shams, Warraq in Imbaba and Talbia in Haram district.