Libya | Libya Women's Economic Empowerment
In Libya, business support networks for entrepreneurs in general, and for women entrepreneurs in particular, are weak. As a result, promising entrepreneurs in need of mentoring, access to finance, and improved general business acumen are failing to commercialize good ideas and to develop job-creating businesses at a time of heightened economic fragility in the country.Innovation and risk-taking suffer from lack of encouragement, infrastructure, and cultural restrictions. Women in particular, face barriers to access to credit and market systems.
To address this, MEDA, in partnership with USAID, is establishing an SME (Small and Medium Enterprises) development program which will provide businesswomen with the capacity building training required to develop their businesses and take these to the next level. Women owners of SMEs will develop and expand their businesses through training, coaching/mentorship, networking opportunities and buyer engagement. A matching grants fund will help propel the most promising businesses forward towards growth and job creation. The project also strives to partner with and help build nascent Libyan civil society organizations; a new possibility in post-Gadhafi Libya.
Project Quick Facts:
Goal: The goal of the project is to contribute to the growth of the Libyan non-oil private sector through strong, knowledgeable and competitive businesswomen who operate successful and job creating enterprises.
Reaching: 210 women entrepreneurs with job creating opportunities for an additional 700 individuals.
Funding: United States Agency for International Development (USAID)
Project length: 2012-2016
Tags: West Africa / MENA