{"id":105573,"date":"2024-07-07T12:49:28","date_gmt":"2024-07-07T11:49:28","guid":{"rendered":"https:\/\/jazairhope.org\/?p=105573"},"modified":"2024-07-07T12:49:28","modified_gmt":"2024-07-07T11:49:28","slug":"nesda-launches-financing-service-for-micro-projects","status":"publish","type":"post","link":"https:\/\/jazairhope.org\/en\/nesda-launches-financing-service-for-micro-projects\/","title":{"rendered":"NESDA Launches Financing Service for Micro-Projects"},"content":{"rendered":"<p>The National Entrepreneurship Support &amp; Development Agency (NESDA) has launched an innovative financing service to support the development of micro-projects across Algeria. This initiative underscores NESDA&#8217;s commitment to fostering entrepreneurship and sustainable economic growth.<\/p>\n<p><strong>Creation and Mission<\/strong><\/p>\n<p>NESDA was established to promote entrepreneurship by providing essential resources and support to new and existing businesses. Its mission is to create a conducive environment for business growth, driving economic diversification and job creation.<\/p>\n<p><strong>Financing Services<\/strong><\/p>\n<blockquote><p><strong>NESDA Launches Financing Service for Micro-Projects<\/strong><\/p>\n<p>The National Entrepreneurship Support &amp; Development Agency (NESDA) has introduced a new financing service aimed at fostering the growth of micro-projects in Algeria. This initiative is designed to support entrepreneurs by providing diverse financing solutions, including self-funding, mixed-funding, and triangular funding. The program also offers non-remunerated loans and tax incentives to ease the financial burden on project owners. NESDA&#8217;s comprehensive approach includes training, support, and financing to ensure the success of micro-enterprises, contributing to sustainable economic development in the country.<\/p><\/blockquote>\n<p>The new financing service is tailored to meet the diverse needs of entrepreneurs. It includes:<\/p>\n<ul>\n<li><strong>Self-Funding<\/strong>: Assisting entrepreneurs in utilizing personal or family resources.<\/li>\n<li><strong>Mixed-Funding<\/strong>: Combining personal funds with external financing.<\/li>\n<li><strong>Triangular Funding<\/strong>: Partnerships between the entrepreneur, NESDA, and financial institutions.<\/li>\n<li><strong>Non-Remunerated Loans<\/strong>: Providing interest-free loans.<\/li>\n<li><strong>Tax Incentives<\/strong>: Offering tax benefits to reduce financial burdens.<\/li>\n<\/ul>\n<p><strong>Other Services<\/strong><\/p>\n<p>NESDA also offers:<\/p>\n<ul>\n<li><strong>Training Programs<\/strong>: Equipping entrepreneurs with necessary skills.<\/li>\n<li><strong>Business Support<\/strong>: Ongoing advisory services.<\/li>\n<li><strong>Market Access<\/strong>: Helping businesses penetrate local and international markets.<\/li>\n<\/ul>\n<p><strong>Conditions for Support<\/strong><\/p>\n<p>To qualify for NESDA&#8217;s support, entrepreneurs must:<\/p>\n<ul>\n<li>Present a viable business plan.<\/li>\n<li>Demonstrate commitment to project success.<\/li>\n<li>Meet specific eligibility criteria based on project type and funding requirements.&nbsp;<\/li>\n<\/ul>\n<p><strong>Achievements and Statistics<\/strong><\/p>\n<p>Since its inception, NESDA has achieved significant milestones:<\/p>\n<ul>\n<li><strong>Projects Financed<\/strong>: Over 414,000 micro-projects supported, averaging more than 15,000 projects per year.<\/li>\n<li><strong>Job Creation<\/strong>: Contributed to creating more than 20,000 jobs.<\/li>\n<li><strong>Economic Impact<\/strong>: Enhanced local economies and diversified income sources.<\/li>\n<\/ul>\n<p><strong>Success Stories and New Vision<\/strong><\/p>\n<p>NESDA&#8217;s impact is best illustrated through success stories and its new vision for micro-enterprises:<\/p>\n<ul>\n<li><strong>Agricultural Projects<\/strong>: Farmers have expanded operations, increasing productivity and income.<\/li>\n<li><strong>Tech Startups<\/strong>: Innovative tech solutions have emerged, addressing local challenges and gaining international recognition.<\/li>\n<li><strong>Handicrafts and Artisans<\/strong>: Local artisans have scaled their businesses, preserving cultural heritage while creating employment.<\/li>\n<\/ul>\n<p><strong>The new vision includes:<\/strong><\/p>\n<ul>\n<li><strong>Mandatory Training<\/strong>: A three-week mandatory training program for micro-enterprise managers, conducted in collaboration with the Ministry of Higher Education and Scientific Research.<\/li>\n<li><strong>Youth Entrepreneurship<\/strong>: Strengthening entrepreneurial spirit among youth in collaboration with the Ministry of Vocational Training.<\/li>\n<li><strong>Women in Entrepreneurship<\/strong>: Enhancing the role of women in entrepreneurship.<\/li>\n<li><strong>Strategic Development<\/strong>: Developing strategies that address the specific needs of entrepreneurs.<\/li>\n<li><strong>Subcontracting Programs<\/strong>: Implementing programs to connect micro-enterprises with large companies and investment funds.<\/li>\n<li><strong>Local Authority Support<\/strong>: Gaining support from local authorities to improve the investment climate for young entrepreneurs.<\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\">employment.<\/p>\n<p><strong>Recent Developments<\/strong><\/p>\n<p>On June 2024, <a href=\"https:\/\/www.youtube.com\/watch?v=5RawrEeASF8\">NESDA&#8217;s Director General Bilal Achatcha announced<\/a> the agency&#8217;s registration of 414,000 micro-enterprise projects. This announcement was made during a consultative day organized by NESDA&#8217;s Algiers South branch in collaboration with local authorities. The event showcased successful micro-enterprise experiences, highlighting NESDA&#8217;s impact and the success of its initiatives. The consultative day also included a presentation of a 15-minute documentary on various successful enterprises.<\/p>\n<p>Local authorities, including the Wali Delegate of the Baraki Administrative District, have expressed strong support for NESDA&#8217;s efforts. They emphasized the importance of fostering entrepreneurship among young people to create sustainable micro-enterprises capable of generating employment and contributing to the national economy.<\/p>\n<p><strong>Conclusion<\/strong><\/p>\n<p>NESDA&#8217;s new micro-project financing service marks a significant step in empowering Algerian entrepreneurs. Through comprehensive support and innovative funding solutions, NESDA is driving sustainable economic development, creating jobs, and fostering a thriving entrepreneurial ecosystem.<\/p>\n<p>For more information, visit <a href=\"https:\/\/www.nesda.dz\/\" target=\"_new\" rel=\"noreferrer noopener\">NESDA<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Entrepreneurship Support &amp; Development Agency (NESDA) has launched an innovative financing service to support the development of micro-projects across Algeria.&hellip;<\/p>\n","protected":false},"author":50,"featured_media":105574,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[12,4,9],"tags":[],"class_list":["post-105573","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-featured-articles","category-science"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NESDA Launches Financing Service for Micro-Projects - AAH.JZR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jazairhope.org\/en\/nesda-launches-financing-service-for-micro-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NESDA Launches Financing Service for Micro-Projects - AAH.JZR\" \/>\n<meta property=\"og:description\" content=\"The National Entrepreneurship Support &amp; 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