The Small And Micro Enterprise Promotion Service (SMEPS)

Government agency

The Small And Micro Enterprise Promotion Service (SMEPS) was first established in Yemen in 2005 and it is subsidiary of the Social Fund for Development in Yemen (SFD). SMEPS is working in the economic development specialized in the private sector development through three main components: the vale chain development, the business development services and the entrepreneurship enhancement. SMEPS exists to create more jobs, expanding their beneficiaries and focuses mainly on developmental projects and linking them to humanitarian work. It aims to achieve its goals by pursuing “creative strategies for Micro, Small and Medium Enterprises (MSME) of diversity and growth through the market-oriented approach”. In keeping with this approach, SMEPS interventions seek to build and facilitate the economic and technical capacities of market-driven private-sector parties including the MSMEs themselves, rather than acting as a significant direct service-provider to MSMEs.