Catalogue of financial & non-financial services developed within the WE-RISE! project 2021-2024

6 FINANCIAL SERVICES OF THE WE-RISE! Result 1

In the framework of WE-RISE! Project, Microfinanza Srl provides technical assistance to the Italian Agency for Development Cooperation (AICS) in Khartoum to assess, design and monitor the implementation of Financial Schemes and Financialand Non-Financial Services to vulnerable beneficiaries in Sudan.

  • FINANCIAL INCLUSION SERVICE 1
    A Revolving Fund Scheme for Women Associations
  • FINANCIAL INCLUSION SERVICE 2
    A Fund Manager for small entrepreneurs
  • FINANCIAL INCLUSION SERVICE 3
    A Cooperative Loan for Productive Cooperatives
  • FINANCIAL INCLUSION SERVICE 4
    An Incubator and Accelerator for MSMEs and Start-ups
  • FINANCIAL INCLUSION SERVICE 5
    A VSLA scheme for micro entrepreneurs and smallholder farmers
  • FINANCIAL INCLUSION SERVICE 6
    An Emergency Service to support IGAs and food security of smallholder farmers

SERVICE 1

REVOLVING FUNDS SCHEMES FOR WOMEN’S ASSOCIATIONS
Develop and scale-up Women‘s Associationism in Red Sea State to boost female micro-entrepreneurs and women-led Income-generating Activities (IGAs). The service will support Sudanese micro-entrepreneurs to mitigate economic shocks and overcome cultural barriers by strengthening their socio-economic role in the family and community. Women will have access to in-kind productive assets and tailored training on financial inclusion, business, and leadership. Women’s Associations running a Revolving Fund will also access the formal banking system with a broader variety of financial services.

Service provider
This technical assistance has been awarded to the Sudanese Microfinance Institution PASED. 

SERVICE FEATURES

Value proposition

The Revolving Funds aim at fostering female micro-entrepreneurship in Sudan by creating training and supporting women’s associations and ensuring their access to a sustainable, in-kind and Sharia-compliant source of financing.

Beneficiaries served

1.800 women, small entrepreneurs and artisans belonging to 32 pre-existing and 28 newly-created women’s associations distributed across Port Sudan, Tokar, Sawakinand Sallom.

Service highlights

The service supports female Sudanese micro-entrepreneurs through the provision of:

  1. Non-financial services – a combination of financial inclusion and entrepreneurship tailored training modules
  2. Financial services – of in-kind assets toimprove/launch Income Generating Activities

SERVICE 2

A FUND MANAGER FOR SMALL ENTREPRENEURS

Building an innovative blended-finance scheme to improve the resilience and competitiveness of SMEs and SHFs in the framework of the Development and Humanitarian Nexus. The Fund Manager mobilises and allocates public and private funding, serving formal and informal entrepreneurs (M-SMEs) and farmers (SHFs) in Kassala, Gedaref and Red Sea State. Eligible beneficiaries benefit from the right mix of grants, loans, and equity investments.

An Internal TA & Investment Committee awards the service package through a competitive process, assessing the entrepreneurs’ capacity to innovate, grow, and contribute to Social Development Goals (SDGs).

Service provider
This technical assistance has been awarded to the Sudanese Company 249Startups.

SERVICE FEATURES

Value proposition

This innovative financial (in-kind and in-cash assistance) and non-financial (TA training) fund management mechanism will supports MSMEs and SHFs looking for timely and high-impact initiatives to revive and support local strategicValue Chains actors amid the disruptive consequences of the armed conflict.

Beneficiaries served

TIER 1: 650 Vulnerable Individuals part ofWomen’s Associations, ProductiveOrganisations, or Cooperatives with established IGAs.

TIER 2: 100 Informal Entrepreneurs (MSMEs)and Smallholder Farmers (SHFs).

TIER 3: 50 Formal SMEs and Farmers with innovative and high-impact business models.

Service highlights

BLENDED FINANCE: set-up of a fund manager that can access, mobilise and manage public and private funding.

ACCOUNTABILITY: set-up of a transparent online e-platform to assess, evaluate and monitor the entire cycle of financial and non-financial services delivered through local strategic partners.

IMPACT AT SCALE: delivery of a modular mix of training and financial services (grants, loans, and equity investments), based on the needs and potential impact of each applicant business model.

SERVICE 3

A COOPERATIVE LOAN FOR PRODUCTIVE COOPERATIVES

Supporting EBDAA Bank – a local Micro Finance Institution – in the design and pilot of a new financial product for Women’s Cooperatives. This technical assistance aims to enhance the outreach of the local Microfinance company among underserved, vulnerable women working in cooperatives and productive organisations.

The design and pilot of a new Sharia-compliant Islamic financial service complements Ebdaa’s portfolio of saving and lending products, introducing new credit ceilings and risk-sharing mechanisms.

An Internal TA & Investment Committee awards the service package through a competitive process, assessing the entrepreneurs’ capacity to innovate, grow, and contribute to Social Development Goals (SDGs).

Project’s partner: Ebdaa Microfinance Bank

Service provider
This technical assistance has been awarded to Avrio Impact in collaboration with IFAAS as a subcontractor.

SERVICE FEATURES

Value proposition

Foster rural development in Sudan by expanding access to financial services in underserved rural communities, contributing to sustainable growth and development of vulnerable women and youth.

Beneficiaries served

Around 4.500 women, small entrepreneurs and farmers belonging to ProductiveOrganisations and Cooperatives in Gedaref will benefit from this Islamic CooperativeLoan.

Service highlights

Support EBDAA Microfinance Bank in the design and pilot of new tailor-made financial products and services to meet the demand of underserved productive groups.

SERVICE 4

AN INCUBATOR AND ACCELERATOR FOR MSMEs AND START-UPS

The creation of new businesses, and the strengthening of established ones can positively impact the economic development and mitigate gender disparities and social exclusion in Sudan. The service aims to support innovative start-ups and established MSMEs in Kassala and the Red Sea States through an incubation and acceleration program.

The business development hub, with its flow of financial and non-financial services, will improve the access of women, youth, and people living in vulnerable situations to a more inclusive market system.

Project’s partner: Ebdaa Microfinance Bank

Service provider
This technical assistance has been awarded to MDF in consortium with SAVANNAH.

SERVICE FEATURES

Value proposition

This service is a turned-key MSMEs hub that provides entrepreneurs with the necessary financial resources and technical business skills to launch innovative startups or boost mature SMEs in a fragile ecosystem.

Beneficiaries served

300 MSMEs and startups run to women and youth. Women entrepreneurs are largely under-represented, while youth unemployment in urban areas is over 40%.

Improving the number and the capacity of youth and female-owned businesses represents a key driver for job creation, economic growth and better livelihood for their families and communities served.

Service highlights

  1. Two cycles of business support services for MSMEs and start-ups are designed and implemented in Kassala and Red Sea States.
  2. Access to a portfolio of blended-finance services (grants, loans, private investments) for MSMEs and start-ups is ensured.

SERVICE 5

A VSLA Scheme for microentrepreneurs and smallholder farmers

Creation of Village Savings and Loans Associations to provide socio-economic relief and resilience to vulnerable women in Kassala and Gedaref states. The service aims at the creation, development, and management of women’s Village Savings and Loans Associations. Through the mobilisation of smart allocation of savings, and the improvement of their financial and business skills, women will have the means and skills to build and grow Income Generation Activities (IGAs) to provide for their family needs and those of their communities.

Service provider:
This technical assistance has been awarded by CDF – Child Development Foundation.

SERVICE FEATURES

Value proposition

Creation of socio-economic safety nets for rural women living in conditions of vulnerability. The Village Saving and Landing Associations (VSLAs) stimulate female associationism, combining social coordination and economic ingenuity. VSLAs include saving and lending informal mechanisms and women-led Income Generating Activities (IGAs).

Beneficiaries served

Around 4.500 female small entrepreneurs, farmers and artisans belonging to 150 women’s associations distributed across Gedaref and Kassala states will benefit from the the creation of Village Savings and Loans Associations (VSLAs).

420 VSLA members will benefit from additional Vocational Training and become micro-entrepreneurs.

Service highlights

Two cycles of training, aiming at: i. launching Village Savings and Loans Associations; and ii. improving end beneficiaries’ financial education and business management skills.

Start-up of 420 new Income Generating Activities in target localities, responding to local market needs.

SERVICE 6

EMERGENCY SERVICE TO SUPPORT IGAs AND FOOD SECURITY OF SMALL HOLDER FARMERS

Support food security, livelihood, and women empowerment through an emergency response to promptly secure harvest and mitigate climate change and armed conflict-related challenges. Gedaref state is known as the food basket of Sudan. Agriculture is the primary source of income and livelihood for Sudanese in Gedaref.

This agribusiness support service was designed to provide timely qualitative agricultural inputs to ensure adequate and sustainable production of cash crops and, crops for food security.

Service provider:

This technical assistance has been awarded to CTC Central TradingCompany Group.

SERVICE FEATURES

Value proposition

Contributing to food security, livelihood and empowerment of women in rural areas, through the provision of agribusiness inputs and services.

Beneficiaries served

  • 390 smallholder farmers distributed in 9 localities of Gedaref State, Sudan.
  • Target SHFs own less than 50 Feddan (< 21ha of land).
  • In terms of food security, the intervention will provide a positive impact to 1.800 indirect beneficiaries part of the target communities and villages.

Service highlights

  • Distribution of innovative and environmentally friendly agri-inputs.
  • Practical demonstration of the use of more sustainable methods and products.
  • Engagement of Women trough Productive Organisations.
  • Linkage with local agri-business technical experts.

𝗪𝗘-𝗥𝗜𝗦𝗘! is an EU-funded project with the objective of building inclusive, sustainable and resilient communities and creating an enabling environment for the economic, social and educational empowerment of women. The project is implemented by AICS Khartoum and UN Women.

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