Yemen Market Profile

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 ...
May 14, 2014 - 12:31pm from Microfinance Nigeria
Wednesday, May 14, 2014 – Islamabad—The demand of Islamic microfinance is rapidly increasing in order to serve poverty alleviation and social development, Its active client size have exceeded to 2 million now from which more than 700,000 belong to Sudan and more than 400,000 clients of Islamic Microfinance Institutions are from Pakistan. On the other hand, Yemen, Indonesia, and Bangladesh also have a good number of clientage and Islamic Microfinance has satisfactory demand in Morocco, ...
May 14, 2014 - 12:30pm from Microfinance Africa
Wednesday, May 14, 2014 – Islamabad—The demand of Islamic microfinance is rapidly increasing in order to serve poverty alleviation and social development, Its active client size have exceeded to 2 million now from which more than 700,000 belong to Sudan and more than 400,000 clients of Islamic Microfinance Institutions are from Pakistan. On the other hand, Yemen, Indonesia, and Bangladesh also have a good number of clientage and Islamic Microfinance has satisfactory demand in Morocco, ...
May 6, 2014 - 12:45pm from Global development: Poverty matters blog | guardian.co.uk
Yemen is poised to vote on a comprehensive Child Rights Act over the coming months, which would ban child marriage and female genital mutilation (FGM).The new law would establish the minimum age for marriage as 18, in line with the international human rights standard. Fines would be imposed on guardians, signatories, marriage officials and any other ...
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"