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Local Entrepreneurship and Job Creation using the PFI Program

UCLG Africa Pilot Profect for Local Entrepreneurship and Job Creation using the PFI Program
Urban Inclusion & GFA Consulting ltd
November 14, 2016

8 novembre 2017

The UCLGA PFI Pilot has yielded positive results, the most important being that it has induced a positive change in behaviour from SME managers ; they have all improved their strategic thinking and have understood and embraced the need to improve the way they manage their operations.

Those SME managers that have managed to implement recommendations have seen drastic improvements in their organization (higher efficiency of operations), with a direct impact on revenue and job creation.

Even the companies that did not manage to complete the fundraising documentation within the timeframe of the PFI Program expressed a strong interest in pursuing a partnership with GFA Consulting and Urban Inclusion. This is strong evidence that SMEs value the PFI approach and are willing to pay for that service once they understand its benefits. In this respect, it is advisable never to totally subsidize the PFI Program for SMEs, but rather to have SMEs partially contribute to the cost of the program whenever possible.