Financing Women Entrepreneurship in Egypt

Why this subject for my final project??

• AS an Egyptian social entrepreneur, and a pioneer in my field I always felt the hardship of starting a new business, and the cultural problems that despite of being well educated yet hindered a lot female entrepreneurs in Egypt. Thanks God things has changed a lot in the last few years than it used to be, Yet I chose my final project to speak about (Financing Women entrepreneurs in Egypt) because of my own personal experience, in addition of all my studies that I’m providing training now about women entrepreneurship, I believe in Egypt it can add a great impact on the economics, and can financing them would be worthy to achieve sustainability goals VIVIAN LABIB NOEUR

Target Audience

• Government• Women organizations• Investors• Women Entrepreneurs

Egypt Economic Indicators

• GNI per capita 2012, US$ 3000• GNI per capita 2012, PPP US$ 6640

• GDP per capita average annual growth rate (%), 1970-1990 4.4

• GDP per capita average annual growth rate (%), 1990-2012

2.9 • Average annual rate of inflation (%) 1990-2012 7.6

• Population below international poverty line of US$1.25 per day

(%) 2007-2011* 1.7• Public spending as a % of GDP allocated to: health 2

• Public spending as a % of GDP allocated to: education 3.8

• Public spending as a % of GDP allocated to: military 2.3

• Statistics refer to (2007-2011*) – source: unicef.org

Egypt Economic Indicators

• ODA inflow in millions US$ 2010 412.2

• ODA inflow as a % of recipient GNI 2010 0.2

• Debt service as a % of exports of goods and services 2010 5.5

• Share of household income (%, 2007-2011*), poorest 40% 22

• Share of household income (%, 2007-2011*), richest 20% 40

Why Entrepreneurship

• - College graduates annually are much more than the market capacity of jobs

• In Egypt there is many challenges that needs solutions and opportunities to be grasped

• SMEs creates 2/3 of 550.000 job annually in Egypt till 2010 (national Economic strategy)

• Private sector provides lots of employment opportunity specially the unregistered and unofficial ones

Egypt Unemployment Rate

Why Women Entrepreneurship in Egypt

• Supporting a woman to start a project has a • direct impact on the life of the whole family

• Only 22%of women share in employment from age 15-64 which Is a waste of great energy

• More than 17% f women employment is unpaid, and the percentage increases to 30% in countryside

• The culture of male domination affects even the market, that women are paid less for the

same job

Why Women Entrepreneurship in Egypt

• A woman can start a small project with less than 100 dollars, while a man needs at least 3000 to start his small project

• helping a woman start her business has a direct impact on the family, which affects also other aspects like children education, health, and general life style

• Women faced lots of hardship in finding suitable jobs which makes starting her own project a need and solution at the same time

Challenges faced by women

• Lack of entrepreneurship training• Under estimating the power & capability of the

Egyptian women in the society• Work/home life balance as many demands are

there from the women• Lack of database• Birocracy and red tape hinders ease of paperwork• High competition with lack of mentorships or

advisory boards

Distribution of Labor Force (15-64) by Education and Gender (2010)

Education status

Male Female TotalFigures in Hundreds % Figures in

Hundreds % Figures in Hundreds %

Illiteracy 46301 22.99 17459 28.91% 63760 24.35%

Read & Write 22085 10.97 2146 3.55% 24231 9.26%

Below Intermediate 24767 12.30 2144 3.55% 26911 10.28%

Intermediate 3463 1.72 544 0.90% 4007 1.53%

Technical Intermediate 63723 31.64 17378 28.77% 81101 30.98%

Above Intermediate 8745 4.34 3730 6.18% 12475 4.77%

University and above 32317 16.05 16994 28.14% 49311 18.84%

Total 201401 100.00 60395 100.00% 261796 100.00%

Source: CAPMAS, Labor Force Sample Survey 2010

Proposed solutions-Reach out for women in rural areas,-give them more training & awarenessabout their important role in the Egyptian community

-- connecting new projects with sources of funding, creating more financial resources for development

-- directing the private sector to help new SMEs in their new journey and complete their supply chain

-- offering less taxes for new women owned projects

• - offering mentorship for new generation of women young entrepreneurs from older ones

- providing more training on entrepreneurship and how to start your own business

Proposed solutions

-Encouraging the public sector to participate and take share in social responsibility projects with women-- encouraging more development projects to be directed towards women training, employment and financing

Ease of doing Business in Egypt

THANK YOU!!Vivian Labib

Noeur