Sector: Economic / Financial Management Microfinance & SME

Client: Republic of Maldives Asian Development Bank

Country: Maldives

Grant 0290 MLD: Inclusive MSME Development Project (MSMEDP) – MSME Institutional and Legal Enhancement Consultancy Package

e.Gen is supporting Ministry of Economic Development (MED), Republic of Maldives in implementing four components of the MSMEDP project:

  • Component 1 – Strengthening of Business Development Services.
  • Component 2 – Project Management Unit Support Services.
  • Component 3 – Legal Support Services.
  • Component 4 – Credit Guarantee & Access to Finance Services.

 

Project Kick-off: Minister Saeed meets e.Gen's international and national team at the project, March 2015
Project Kick-off: Minister Saeed meets e.Gen’s international and national team at the project, March 2015

  Component 1 – Strengthening of Business Development Services – This focuses on institutional strengthening of Business Development Service Centers (BDSCs) and Business Incubator Program through:

Assistance in establishing and operationalizing a network of 7 BDSCs.

  • Market Research & Value Chain Mapping.
  • Selection of priority sector value chains, Business Incubation support to MSMEs.
  • Development of training modules and quality control standards.
  • Training of 2500 MSMEs.

Component 2 – Project Management Unit Support Services – This involves providing overall project management and implementation support to the MSMEDP through the Central PMU at the Ministry of Economic Development. e.Gen’s scope of work includes:

  • Development of Project management methodology and manual, progress reporting, and monitoring system.
  • Augmenting gender impact through barrier removal, awareness and advocacy.
  • Facilitating gender disaggregation of data.
  • Developing women and youth focused training modules.
  • Preparing gender action plan.

Component 3 – Legal Support Services – This involves strengthening program implementation capacity and enhancing enabling environment for MSME development through:

  • Identification of legal gaps and barriers for enterprise development.
  • Recommendation of new laws and amendments to create better enabling business environment.
  • Development of regulatory impact assessment framework.
  • Development of training materials for training of MSMEs.

Component 4 – Credit Guarantee & Access to Finance Services – This involves providing operationalization assistance to a credit guarantee scheme and initial handholding support through:

  • Development of a Credit Guarantee Framework to facilitate access to Finance for MSMEs.
  • Guidelines and SOP development for running the Credit Guarantee Facility.
  • Hand-holding assistance, operationalization and initial performance management.

 

For further information on this project, please write to info@egenconsultants.com