Guarantee of €1.5M *
(equivalent in local currency)
Foundation partner of the Foundation
(1 guarantee granted)
*Outstanding amount at grant valuePartner website
Egypt is one of the major economic powers on the African continent in terms of GDP, along with South Africa and Nigeria. Agriculture accounts for 11.49% of GDP and employs 24.48% of the working population, while the service sector accounts for 55.3% of Egypt’s GDP and employs almost half of the population.
The Dakahlya Businessmen Association for Community Development (DBACD) is a Tier 2 institution created in 1995 by nine Egyptian businessmen to improve the standard of living of low-income families in the region by providing client-centred services in the most efficient and sustainable manner.
DBACD aims to reach 222,530 clients by 2020 while remaining market-driven and contributing to the improvement of institutional capacity. It also endeavours to create new employment opportunities by stimulating the market.