Yemen Market Profile

March 12, 2014 - 9:25am from Microfinance Africa
(Tunis) Half of global poverty reside in Muslim world while the Muslim population is 24% of the total global population, if the dangerously increasing poverty in the Muslim community is not controlled soon then it will be alarming. These concerns were addressed by Muhammad Zubair Mughal, Chief Executive Officer, AlHuda Centre of Islamic Banking and Economics while speaking at Islamic Microfinance Symposium that was held at Tunis – Tunisia which was organized by Tunis ...
March 12, 2014 - 9:25am from Microfinance Nigeria
(Tunis) Half of global poverty reside in Muslim world while the Muslim population is 24% of the total global population, if the dangerously increasing poverty in the Muslim community is not controlled soon then it will be alarming. These concerns were addressed by Muhammad Zubair Mughal, Chief Executive Officer, AlHuda Centre of Islamic Banking and Economics while speaking at Islamic Microfinance Symposium that was held at Tunis – Tunisia which was organized by Tunis ...
March 4, 2014 - 10:41pm from MicroCapital
Silatech, a Qatar-based social enterprise that serves young people in the Middle East and North Africa, has signed on to support the Youth Entrepreneurship Project (YEP), an initiative founded by French non-governmental organization (NGO) PlaNet Finance and funded by the European Union that seeks to empower young people by supporting three microfinance institutions (MFIs): Alexandria Businessmen’s Association of Egypt, Lebanese Association for Development (Al Majmoua) and Palestine’s Arab ...
February 20, 2014 - 5:31am from MicroCapital
The Arab Gulf Program for Development (AGFUND), a Saudi Arabia-based development organization, and the Philippines Chamber of Commerce and Industry (PCCI), a policy- and advocacy-oriented group that represents approximately 35,000 businesses in the Philippines, have signed an agreement to create an iteration of the “Ibdaa Microfinance Bank” (IMB) that is intended to increase financial inclusion of poor people and micro-, small and medium-sized enterprises (MSMEs) in the Philippines ...
February 18, 2014 - 4:18pm from Center for Financial Inclusion Blog
> Posted by Center Staff PCMA CEO Abeer Odeh and PMA Governor Jihad Al Wazir Last week Palestinian government officials announced plans to create a national financial inclusion strategy, an ...
February 17, 2014 - 9:17am from MicroCapital
The State Secretariat for Economic Affairs, a Swiss government agency that works in developing countries and is known by the acronym SECO, reportedly has invested EUR 5.5 million (USD 7.4 million) in the Sanad Fund for Micro-, Small and Medium-Enterprise (MSME), a Luxembourg-based entity that funds financial institutions in the Middle East and North Africa (MENA). SECO has also donated EUR 1.5 million (USD 2 million) to Technical Assistance Facility (TAF), which provides business ...
February 9, 2014 - 5:46am from Google news - microfinance
MICROCAPITAL BRIEF: Al-Amal Microfinance Bank of Yemen to Receive $4.2m ...MicroCapitalThe Al-Amal Microfinance Bank of Yemen has received a donation ...
February 9, 2014 - 5:30am from MicroCapital
The Al-Amal Microfinance Bank of Yemen has received a donation of USD 4.2 million from the Saudi Fund for Development (SFD), the international aid agency of the Saudi government [1]. The bank is expected to use the grant to expand its network in rural areas; make financial services more accessible, especially to farmers and fishermen; and undertake rural development projects intended to lead to job creation for the local population. The funding is one of three grants worth a total ...
February 7, 2014 - 11:20pm from MicroCapital
The Sanad Fund for Micro-, Small and Medium-Enterprise (MSME), a Luxembourg-based investment company that funds financial institutions in the Middle East and North Africa, has agreed to issue a senior loan facility worth USD 500,000 to Reef Finance, a nonprofit microfinance institution (MFI) that operates in the Palestinian Territories of West Bank and Gaza. Reef Finance intends to use the loan to provide financial services to rural clients, including farmers and small-business ...
January 29, 2014 - 12:27pm from Microfinance Africa
Overseas Filipino Workers (OFWs) and many communities in the Philippines have heartily welcomed the Ibdaa Microfinance Bank (IMB) under the Arab Gulf Program for Development (AGFUND), which was officially launched at the Fairmont Hotel in Makati last week. AGFUND President Prince Talal bin Abdul Aziz himself inked the agreement with Miguel B. Varela, president of the Philippine Chamber of Commerce and Industry (PCCI), in the presence of high-ranking officials from ...
January 22, 2014 - 1:54am from Microfinance Gateway News & Opinion
"Nigeria: CBN Earmarks N132 Billion for Women Entrepreneurs"
January 20, 2014 - 1:06pm from Microfinance Nigeria
Poverty is increasing rapidly in the Arab countries which are blessed with surplus of mineral and oil resources, one of the reasons is absence of financial products for poverty alleviation which are compatible with their religious, cultural and social values and beliefs While through Islamic microfinance poverty can be controlled over and poor can be brought into the financial inclusion in Arab countries. These views expressed by Muhammad Zubair Mughal, Chief Executive ...
January 20, 2014 - 1:06pm from Microfinance Africa
Poverty is increasing rapidly in the Arab countries which are blessed with surplus of mineral and oil resources, one of the reasons is absence of financial products for poverty alleviation which are compatible with their religious, cultural and social values and beliefs While through Islamic microfinance poverty can be controlled over and poor can be brought into the financial inclusion in Arab countries. These views expressed by Muhammad Zubair Mughal, Chief Executive ...
January 16, 2014 - 1:05am from Microfinance Gateway News & Opinion
"Saudi fund helps Yemen develop its rural communities"
January 16, 2014 - 12:53am from Microfinance Gateway News & Opinion
"Saudi fund helps Yemen develop its rural communities"
January 11, 2014 - 5:03am from MicroCapital
Grameen-Jameel Microfinance Limited, a nonprofit Cyprus-based joint venture of the US-based Grameen Foundation and the Saudi Arabia-based nonprofit Abdul Latif Jameel Community Initiatives, recently declared that it will loan USD 2 million each to Microfund for Women (MFW), a microfinance provider in Jordan, and Al Majmoua, a Lebanese nongovernmental organization (NGO) that lends to microenterprises. The transaction is intended to help MFW and Al Majmoua enhance their microfinance ...
December 2, 2013 - 7:50pm from MicroCapital
The second Islamic Microfinance Challenge, a contest that encourages the design and application of microfinance products that are complaint with Islamic law (Sharia), is now accepting applications from Islamic financial services providers that offer Sharia-compliant products that are not based on the “murabaha” concept of “cost plus markup” [1]. Sharia prohibits the charging of interest on loans. The contest, themed “Beyond Murabaha” for 2014, is sponsored by CGAP (Consultative Group to ...
December 2, 2013 - 10:01am from Global development: Poverty matters blog | guardian.co.uk
One morning, Enas Abdel Wanis was about to leave home to go to work at the National Council for Civil Liberties and Human Rights (NCCHR) in Benghazi, in Libya, when she discovered her car had been burnt. Her crime had been to advocate for better security for civilians and the disarmament of militias that had been terrorising her city. ...
October 16, 2013 - 5:03am from MicroCapital
The International Development Association (IDA), the arm of US-based World Bank that provides interest-free credits and grants for programs in the poorest countries, has approved credit of USD 300 million to support Nigeria’s Housing Finance Project, which intends to provide access to long-term home financing for low-income people, including microentrepreneurs as well as those with higher incomes who are buying homes for the first time [1].  These funds will be disbursed by the Nigeria ...
September 5, 2013 - 4:47pm from MicroCapital
The Sanad Fund for MSME (micro-, small, and medium-enterprises), a Luxembourg-based initiative that invests in financial institutions in the Middle East and North Africa, recently provided a local-currency loan of JOD 709,000 (USD 1 million) to the Middle East Micro Credit Company (MEMCC), a Jordan-based for-profit development institution that operates under Global Communities, provides loans to micro-, small, and medium-sized enterprises, to further expand its lending services [1]. The ...