US development agency backs up Egyptian small projects

The US Agency for International Development (USAID) in Cairo has agreed to present LE 300 million to support medium and small projects for Egyptian youths.

A number of Egyptian banks from different governorates in Egypt are taking part in this program.

The financing will range from 1,000 - 25,000 pounds, and the money is to go to buy the different systems, apparatus and equipment.

Throughout, the program, the youths who own the projects will be offered support for expenses and supervision for two years, providing the needed follow up on these activities to ensure the success of the micro ventures.