AECOM assists as an implementing partner in USAID’s SEED project which aims to support the growth and development of Entrepreneurs and Micro, Small, and Medium Enterprises (MSMEs). Through SEED, AECOM provides sustainable technical assistance, capacity building and training to relevant stakeholders and counterparts.
Solutions and Involvement
SEED fosters collaboration between universities, business associations, financial institutions, government and entrepreneurs. It also focuses on disadvantaged areas and populations with a focus on women and youth.
The project’s ultimate goal is to create an environment in which MSMEs and entrepreneurs can continue to create economic opportunities for themselves.
Our Work and the SDGs
The United Nations Sustainable Development Goals (SDGs) have been adopted by countries to end poverty, protect the planet and ensure prosperity for all. AECOM supports the SDGs. You can read AECOM’s Sustainability Report 2016 to learn more about how its work on clients’ projects, like this one, is helping transform the world.
Financial Literacy Workshops – Helping Women Entrepreneurs in Egypt
(Cairo, April 21, 2018)
Supported by the United States Agency for International Development (USAID), AECOM’s Strengthening Entrepreneurship and Enterprise Development (SEED) Project aims to strengthen the development of Micro, Small and Medium Enterprises (MSMEs) and promote Entrepreneurship in Egypt. In April, May and July of this year, the project offered financial literacy and capacity building trainings to Small and Medium Enterprise (SME) owners and managers. AECOM partnered with CHF Management and Consulting Services Egypt SAE – Overseas Private Investment Corporation (OPIC) Loan Guarantee Facility (CHF/OPIC) to hold eight, two-day financial literacy workshops in Cairo and Alexandria, benefitting 205 participants including 162 women. These women entrepreneurs represented diverse sectors such as handicrafts, events management, clothing manufacturing and information and communications technology (ICT).
The main objective of these workshops was to provide participants with the basic financial and banking knowledge needed to effectively run their SMEs, including sessions on the basics of accounting and finance, banking and loan processes, business registration and other topics critical to SME owners. At each session, roundtables dedicated to women entrepreneurs provided opportunities for interaction with bank representatives about what it takes to gain access to financing to expand their businesses. The female entrepreneurs were encouraged to network with like-minded peers at the workshop in an effort to expand their business contacts and build support networks.
Dina El-Salam, an inspiring entrepreneur who’s developing a platform to export handmade products, remarked that:
“The sessions were good as I learned how to read financial statements and discovered extra tips and tricks. The legal forms were the best part, as they will be very useful for me – especially the capital portion. Now I know that when I develop my business it will be a Limited Company (L.C.)”.