Second Small Enterprises Project

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The main objectives of the Second Small Enterprises Project (SEP II) are to generate employment, accelerate economic growth, and improve the competitiveness of small and medium enterprises. There are four project components. The first extends a further line of credit to be offered on commerical terms. The SEP II line of credit will draw extensively upon lessons learned during SEP I (See report no. 20206). Accordingly, the line of credit will be similar in style and function to that in SEP I but will incorporate adjustments to the delivery method, targeting, interest rate, and management processes. In addition to the agri-business sector, viable loan applications from other productive industries such as small-scale carpentry shops, mechanical centers or manufacturing facilities will also be supported. The second component finances business development services, civil service training, and the development of the business enabling environment. The third component funds sub-grants to 13 districts for market rehabilitation, specifically produce and goods market facilities. The fourth component finances consultant services, incremental operating costs, and project implementation unit (PIU) training, as well as other miscellaneous items for the PIU office.