(ICRC) – Today marks the International Day of Micro, Small and Medium Enterprises (MSMEs). Small businesses led by women and young entrepreneurs continue to face the pandemic’s wrath economically. Lockdown measures implemented to prevent the spread of the COVID-19 virus have wreaked havoc on supply chains and resulted in a significant drop in the demand for goods.
Through micro-economic initiatives, the ICRC supports vulnerable low-income families to start, restart or expand existing small businesses that can contribute to their family income, ultimately leading to an improved and sustainable livelihood.
In Somalia, the main micro-economic initiative being implemented is focused on cash support combined with training on business skills that targets vulnerable women-headed households. More than 200 women business owners in Mogadishu received USD 500 dollars and training to improve their businesses this year.
We feature six women-led businesses in Hamar Weyne, Mogadishu city.
Source – ICRC
