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Summary :
The Institution provides loans under groups system ? individual loans ? - compulsory and voluntary savings ? profit basis loans ? cash loans ? insurance on loans
Other Objectives:
The program commenced operations as an experimental project in June 2002. In the beginning of 2004, the project was transferred to the National Microfinance Foundation which was established by a number of social personalities and local institutions who believed that availability of financial services, including savings, loans and other services will contribute in increasing the income and improving the living conditions of the targeted groups. The foundation is seeking to improve the income of micro entrepreneurs, particularly women, in urban centers and rural areas in Yemen by rendering effective and sustainable financial services that fulfill the needs of the clients.
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