Yemen Market Profile

March 31, 2015 - 5:02am from MicroCapital
Advans SA, a Luxembourg-based venture capital company, has announced the launching of operations by its ninth affiliated microfinance institution, Advans Tunisie. Advans Tunisie was created in September 2013 and obtained its license to operate from the Tunisian Finance Ministry in January 2015. Advans SA is the majority shareholder of the microbank, with other stakeholders including the Sanad Fund for MSME (micro-, small and medium-sized enterprises), which is supported by the European ...
February 24, 2015 - 5:05am from MicroCapital
The Sanad Fund for MSME (micro-, small and medium-sized enterprise), a Germany-based provider of “medium- and long-term” and equity financing in the Middle East and North Africa, recently agreed to loan the equivalent of USD 5 million in local currency to Enda Inter-arabe, to help it expand its lending into additional underserved areas of Tunisia. Enda Inter-Arabe, which first partnered with Sanad in2013, is a member of Senegal-based nonprofit Enda Third-World, which engages in a ...
February 16, 2015 - 7:16pm from MicroCapital
The Sanad Fund for MSME (micro-, small and medium-sized enterprise), a Germany-based fund providing medium- and long-term debt and equity financing in the Middle East and North Africa, recently disbursed a senior loan of USD 3 million to Al-Amal Microfinance Bank (AMB), a nonprofit minority-held by the government of Yemen, to support micro- and small enterprises (MSE) in the country. The credit facility marks Sanad’s first investment in Yemen, where it will provide additional support to ...
February 10, 2015 - 8:14pm from Google news - microfinance
Al-Shorfa
January 28, 2015 - 2:30am from MicroCapital
The Sanad Fund for MSME (micro-, small and medium-sized enterprises), a Germany-based fund providing loans in the Middle East and North Africa, recently provided a senior loan of USD 20 million to Amen Bank, a Tunisia-based private commercial bank. The loan will be used to support very small, small and medium-sized enterprises within the country. According to a statement by Ahmed El Karm, the Board President of Amen Bank, “Given the increasing importance of small and medium ...
January 12, 2015 - 3:11pm from Center for Financial Inclusion Blog
> Posted by Jeffrey Riecke, Communications Associate, CFI #142765195 / gettyimages.com Islamic finance is expected to expand substantially in 2015, from 2014’s total of $2.1 trillion to $2.5 trillion, according to figures released last week by the Al-Huda Centre of ...
January 2, 2015 - 1:34pm from Microfinance Africa
(Lahore) 2014 proved to be tremendous for Islamic banking and finance industry. It not only exceeded the limit of 2 trillion dollars assets but it also got access to the new markets including various new destinations of European region, Korea, Australia, Brazil, Malta, Argentine, China and many more. Islamic banking and finance gained the popularity in its traditional markets of e.g. Malaysia, Pakistan and Middle East as well. There are various countries which recently stepped into ...
November 24, 2014 - 1:59pm from Microfinance Africa
The national ID card developed by the National Identity Management Commission (NIMC) is to be not only a source of accurate identification, but also a tool for financial inclusion. The card is to have functionalities that allow both the unbanked and under-banked have access to financial services, and ultimately, credit facilities. “Though the National ID card is to perform a primary function as a means of identification, It would be a national ID card with payment ...
November 10, 2014 - 4:17pm from Center for Financial Inclusion Blog
> Posted by Sonja Kelly, Fellow, CFI If there’s one thing we’ve learned in taking a close look at financial inclusion efforts around the world, it’s that context matters. That’s why we are excited to be part of the team releasing the 
November 6, 2014 - 1:40pm from Microfinance Africa
(Dubai) 4th Global Islamic Microfinance Forum was successfully ended in Dubai. The purpose of that forum was to promote, strengthen and unite the organizations of Islamic microfinance. The delegates from international organizations related to Microfinance, Islamic microfinance, micro insurance and NGOs participated in the event i.e. World Bank, Islamic Development Bank – IFC and so on. The aim of ...
August 19, 2014 - 3:08pm from MicroCapital
Kiva, a US-based nonprofit crowdfunding organization that raises money for microfinance institutions (MFIs), and Grameen-Jameel Microfinance Limited, a Cyprus-based nonprofit joint venture of the US-based Grameen Foundation and Saudi Arabia-based Abdul Latif Jameel Community Initiatives have reportedly entered into a partnership to launch the “Change is in Your Hands” campaign, an initiative which uses the website 
August 6, 2014 - 10:57pm from Microfinance Africa
Having heard about the Al-Amal Microfinance Bank (AMB), which was established in 2009 to run micro enterprises, Bashir Al-Haj headed for one of the AMB’s branches in Sana’a with the hope of getting a loan. The young Yemeni man returned with YR40,000 ($186), which he used to buy a varied assortment of items, including gum, perfumes, Socotra Sebr—a plant found in Socotra believed to cure diseases—beans, and spices. By later selling those items in his small shop, Al-Haj worked his way ...
August 5, 2014 - 9:39am from Google news - microfinance
Microfinance in Yemen thrives despite economic troublesThe Yemen TimesWith Yemen's microfinance sector booming, an increasing number of women and ...
July 30, 2014 - 10:45pm from MicroCapital
The Sanad Fund for MSME (micro-, small and medium-sized enterprises), a Germany-based fund providing loans in the Middle East and North Africa, has agreed to loan EUR 7 million (USD 9.4 million) to Tunisie Leasing, a Tunisian leasing company that focuses on serving MSMEs in Tunisia and Algeria. Tunisie is expected to use the loan to provide services to 400 additional MSMEs in Tunisia. This loan marks Sanad’s
July 22, 2014 - 5:50am from MicroCapital
The World Bank Group (WBG), a US-based international financial institution, has recently approved a USD 500 million “Financial Sector Reform and Modernization Development Policy Loan”[1] (FSRM DPL) for the government of Indonesia. The loan will support the government’s efforts to “stabilize” and diversify the financial system and expand financial inclusion in the country. The government of Indonesia recently established the Financial System Stability Coordination Forum, which is ...
July 4, 2014 - 5:03am from MicroCapital
The Wasil Foundation (Wasil), a nonprofit that aims to alleviate poverty through enterprise development in Pakistan, has won the 2014 Islamic Microfinance Challenge, a competition that promotes Sharia-compliant microfinance products, which prohibit interest payments in keeping with Islamic practices. The theme of the challenge was “beyond murabaha;” “murabaha” is a “cost-plus-markup”[1] concept often used in Islamic financial solutions. The 2014 Islamic Microfinance Challenge was jointly ...
June 24, 2014 - 7:00am from Acumen Fund Blog
Acumen Global Fellows are architects for the impact sector. They are innovators, game changers, visionaries, with various professional experiences looking to make substantial change in the world. They have thrived in companies such as Google; they have started their own companies in Sri Lanka, Canada and Malaysia.  They are choosing the challenge of working alongside our portfolio companies and immersing themselves in a rigorous leadership training. Over the past 9 years, thousands ...
June 24, 2014 - 5:03am from MicroCapital
Kaah Express, a US-based international remittances company, reportedly has partnered with Silatech, a Qatar-based enterprise focused on increasing employment and entrepreneurship among youth in the Middle East and North Africa, and the American Refugee Committee (ARC), a US-based nonprofit that offers humanitarian aid across the globe, to create Kaah Islamic Microfinance Services (KIMS), a commercial microfinance institution (MFI) in Somalia. KIMS is primarily focused on serving ...
June 20, 2014 - 5:03am from MicroCapital
The Global Consumption Database recently released by the World Bank Group (WBG) suggests that the total annual spending of approximately 4.5 billion people with low incomes in the developing world exceeded USD 5 trillion in 2010, more than the combined spending of the middle- and high-income groups in the same 92 developing countries. The database also indicates that the low-income segment of the developing world spent USD 2.3 trillion on food and beverages during 2010, which was ...
May 18, 2014 - 6:46pm from Google news - microfinance
First Micro-finance and Job Fair in YemenNational YemenUnder the patronage of Dr. Abdulhafedh Noaman, the Minister of Technical Education and Vocational Training, Global Communities in ...