The Social Fund for
Development (SFD) in partnership
with the Consultative Group to Assist the Poor CGAP held a discussion workshop
on the feasibility of using mobile banking operations in Yemen, particularly in supporting
the microfinance sector. The workshop was opened by the Deputy Prime Minister
for Economic Affairs and Minister of Planning and International Cooperation and
Executive Director of the SFD Mr. Abdulkarim Al-Arhabi who noted
the diligent effort by the SFD in
cooperation with partners to adopt the best and cutting-edge international
practices, and pursue all possible means to enable a large-scale economic
sector such as microfinance with all elements of success in order to help
itdiversify and promote it and
facilitate the Poor's access for financial services and other relevant services.
2009-08-29 Strategic planning It was delivered to Aden MFI during the period August 29nd – September
3rd during which the key staff in the MFI was trained on this important subject
It was delivered to Aden MFI
during the period August 29nd – September 3rd during
which the key staff in the MFI was
trained on this important subject.
The third meeting of the Steering committee of
graduation out of poverty project was held in Sanaa
during the period of the 22nd to the 23rd of August 2009.
2009-08-22 Human resource management It was delivered to Aden MFI during the period August 22nd – August
27th, by Nadhema Al-Seyed, the branch manager of NMF in Taiz
It was delivered to Aden MFI
during the period August 22nd – August 27th, by NadhemaAl-Seyed, the branch manager of
NMF in Taiz.
The SFD and the UNDP held their first members meeting,
for the newly established Yemen Microfinance Network; it was attended by banks,
foundations and programs working in the sector of microfinance in Yemen.. In this meeting the network was officially launched,
thestrategy and its by-laws was
presented, along with the preceding of the election process for the executive
board of the networkThe establishment
of this network is to play a role in contributing in the implementation of the
national microfinance strategy for the sector.
2009-08-16 Product development The course was held in Sana'a during the period August 16th -August 20th
and was attended by 18 participants coming from MFIs as well as private banks
The course was held in Sana'a
during the period August 16th -August 20th and was attended by 18 participants
coming from MFIs as well as private banks.
2009-08-15 Delinquency management and setting of interest rate It was delivered to öAlawaeel MF company during the period August 15th –
August 18th during which the MFI's staff was trained on how to manage
delinquent loans by problematic clients, and also, on how to properly set
interest rates on financial products
It was delivered to öAlawaeel MF company during
the period August 15th – August 18th during which the MFI's staff
was trained on how to manage delinquent loans by problematic clients, and also,
on how to properly set interest rates on financial products.
The annual meeting of
Al-Awael Microfinance company board of directors was
held on Wednesday, August 12, 2009 at thecompany in Taiz. The meeting was attended by the Chairman and members
of the Boardand Chief Executive Officer and a number of directors of
the company.
It was
delivered to Sana'a MFI by Ms.NajwaMohammed,
a branch manager in Aden MFI. The
practical training course lasted from July 18th till July 23rd, and it involved
training the main staff in the MFI
on how to manage branches, how to coordinate activities between branches and
the head quarter, and how to place and manage controls on branches.
A training course was held in Sanaa
on the 12th and 13th of July 2009 on poverty scoring cards for graduation out
of poverty project. The training was attended by the project team consisting of
18 individuals.
