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WOMEN ENTREPRENEURSHIP

DEVELOPMENT IN ARMENIA
REGIONAL SEMINAR
Women`s Employment, Entrepreneurship
and Empowerment
20-22 MAY 2015
The views expressed in this paper are the views of the authors and do not necessarily reflect the views or policies of the Asian Development Bank (ADB), or
its Board of Governors, or the governments they represent. ADB does not guarantee the accuracy of the data included in this paper and accepts no
responsibility for any consequence of their use. The countries listed in this paper do not imply any view on ADB's part as to sovereignty or independent
status or necessarily conform to ADB's terminology.

Small and Medium Entrepreneurship Development


National Center Fund (SME DNC of Armenia)

Established by the decree of the Government of Armenia in 2002.


SME DNC of Armenia is the first national structure in Armenia
called to implement state support to small and medium
entrepreneurship (SME) and programs directed to development of
the sector, as well as to ensure a dialogue between small and
medium enterprises, government and other structures.

The Board of Trustees is the supreme governing body of the SME


DNC of Armenia, the members of which represent several
government structures and NGOs advocating the interests of SMEs.
The Board is headed by the Minister of Economy.

Regional network of the SME DNC of Armenia

10 regional
branch offices
3 representative
offices

ABOUT PROGRAM
OBJECTIVE

To develop women entrepreneurs capacities to


promote their role in economic development of
Armenia.

DURATION

2013-2015

FUNDING ORGANIZATION

Asian Development Bank

IMPLEMENTING
ORGANIZATION

SME DNC of Armenia

MAIN OUTPUTS OF THE


PROGRAM
Output 1. Improved institutional framework
supporting
women entrepreneurship and SME`s
Output 2. Improved capacities of women
entrepreneurs and SME`s
Output 3. Improved access to finance by women
entrepreneurs and SME`s
Output 4. Improved business environment
supporting SME`s

RESULTS OF
2013-2014 ACTIVITIES

Women Entrepreneurship
Development Strategy developed and
adopted by MoE.

Women entrepreneurs needs


assessment survey
Implemented in 2013 and 2014
(with participation of 1500 WEs in
total)

Women Entrepreneurship
Development Strategy

16 start-up support
campaigns
Implemented by CEFE
methodology (more
than 300 participants,
178 approved loans,
financial support of
383 mln AMD in total)

SME DNCs capacity building CEFE ToT, GSVC ToT, introduction of risk
assessment system etc.

Development
and piloting of
mentorship concept

with participation of 15
WEs

Awareness raising campaigns


in 4 regions (marzes) of
Armenia

Introduction of GSVC methodology and implementation of


4 GSVC activities for tourism value chain
Involvement of toursts

Tour agencies in
Yerevan

Presented at
tourism
web - sites

International
linkages and
business
connections

Transportation

Tourists reach the


district by they
own

Accomodation

Hotels

Food

Restaurants on
the highway

Internal transport

Tours by tourists
own cars

Taxies

B&Bs and
guesthouses

Several cafes

Many hospitable
houses

Few fast foods

Entertainment

Shopping

Tours in the
nature

Supermarkets

Riding tours

Souvenir shops
near the
churches

Hiking and
climbing

Hunting

Visits

Churches and
monasteries

Mountains

Other sightseeings

4 ICT literacy trainings

3 financial literacy
trainings
(2 basic and 2 advance)

Thank you!

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