The MSE’s Resilience Facility

This emergency program is implemented with the financial support of Mastercard Foundation and implementation support of First Consult to support micro and small-sized enterprises (MSEs) and start-ups in Ethiopia during the economic downturn caused by the COVID-19 pandemic. The program, with an initial commitment of approximately USD 24.8 million from the Mastercard Foundation COVID-19 Recovery and Resilience Program, will ensure MSEs remain solvent, retain their employees, and are able to create increasingly innovative work opportunities in the wake of COVID-19.

The MSE’s Resilience Facility will provide financial assistance, in the form of grants and soft loans, via participating institutions – Banks, Microfinance, and Business Development Services – to eligible, qualified micro- and small-sized enterprises, both formal and informal. The amount and type of financial support provided will vary depending on the size of enterprise and their needs.

Once participating institutions have been onboarded,a call to MSEs and start-ups to apply for funding, which will be announced soon.

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Business Emergency Unit (BEU)

Business Emergency Unit (BEU), is a project launched to address the impact of COVID-19 Pandemic on Micro, Small and medium Enterprises.

The Emergency Response program aims mainly at preventing a large reduction in employment and output in the most impacted sectors and sub-sectors. It addresses the protection needs of the most vulnerable components of the society mainly formal and informal sector workers and businesses who are being hit hard by Covid 19. The Recovery program aims mainly at creating suitable conditions for rapid recovery in output, employment and exports.

The first phase will be implemented with 4.5 million USD support from the UNDP. Further supports will be coordinated by financial support from the Ethiopian Government, European Union, French Government and other International partners.

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