Funding the micro-entrepreneurs (Egypt)

Scattered in small workshops throughout Cairo, some micro-entrepreneurs have long struggled to find customers to purchase wares such as mechanical sunshades, clay pottery coolers and printing presses. Now some of them are turning to the crowd-funding site Yomken, which launched in Egypt in October, to connect with individual investors, scientists and research centres willing to either pre-purchase industrial goods or collaborate on design improvements.

“In Egypt, micro-entrepreneurs are facing intense competition from China and Asian borders, and there is no support system [for] the bottom of the economic pyramid,” says Tamer Taha, chief executive of Yomken.

Read More at Arabian Business

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