MFI ReportPartnerships
| Name | Relationship |
|---|---|
| AKAM | Network Affiliation |
Related Organizations
| Name | Relationship |
|---|---|
| Grameen-Jameel | Partner |
Mission:
MCF’s primary objectives are to reduce poverty, diminish the vulnerability of poor populations and alleviate economic and social exclusion. It aims to help people become self-reliant and eventually gain the skills needed to graduate into the mainstream financial markets.
The ... Read more
The ... Read more
MCF’s primary objectives are to reduce poverty, diminish the vulnerability of poor populations and alleviate economic and social exclusion. It aims to help people become self-reliant and eventually gain the skills needed to graduate into the mainstream financial markets.
The Programme’s underlying principles are:
1) Long term sustainability – defined as full coverage of costs through revenues and the generation of a modest surplus to finance expansion,
2) Broad outreach with national coverage and supply of services to a range of economic sectors,
3) Maximum impact on the economic livelihoods of the target clientele.
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The Programme’s underlying principles are:
1) Long term sustainability – defined as full coverage of costs through revenues and the generation of a modest surplus to finance expansion,
2) Broad outreach with national coverage and supply of services to a range of economic sectors,
3) Maximum impact on the economic livelihoods of the target clientele.
Hide
Background and Main Challenges:
Background: For more than 60 years, various agencies of the Aga Khan Development Network (AKDN) have offered microfinance products and services through integrated development programmes and as self-standing microfinance institutions.
These institutions, which are now administered by AKAM, ... Read more
These institutions, which are now administered by AKAM, ... Read more
Background: For more than 60 years, various agencies of the Aga Khan Development Network (AKDN) have offered microfinance products and services through integrated development programmes and as self-standing microfinance institutions.
These institutions, which are now administered by AKAM, contribute to poverty alleviation, economic growth and social cohesion in 12 countries in the developing world. The microfinance programmes, microfinance institutions (MFIs) and regulated microfinance banks have delivered over USD 200 million in loans since their inception.
AKDN launched its microfinance programme in Syria in 2003 as the Syria Microcredit Facility (MCF).
Since inception, MCF has disbursed a total amount of ca. USD 45 million to over 35,000 borrowers, of which 26% are female borrowers, making MCF the largest private microfinance provider in the country.
Challenges: The Programme’s challenges are:
1) Formalizing the institutional set-up of the Programme;
2) Achieving a full national coverage by the end of 2010; and
3) Developing local human resources.
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These institutions, which are now administered by AKAM, contribute to poverty alleviation, economic growth and social cohesion in 12 countries in the developing world. The microfinance programmes, microfinance institutions (MFIs) and regulated microfinance banks have delivered over USD 200 million in loans since their inception.
AKDN launched its microfinance programme in Syria in 2003 as the Syria Microcredit Facility (MCF).
Since inception, MCF has disbursed a total amount of ca. USD 45 million to over 35,000 borrowers, of which 26% are female borrowers, making MCF the largest private microfinance provider in the country.
Challenges: The Programme’s challenges are:
1) Formalizing the institutional set-up of the Programme;
2) Achieving a full national coverage by the end of 2010; and
3) Developing local human resources.
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Address:
Al Mazraah- Amr Bin Kholtoum Street
Damascus
Syria
Phone:
00 963 33 828 350
Fax:
00 963 33 828 351
Email:
jean [dot] lorenz [dot] ehrentrant [at] akdn [dot] org
Website:
Main Funding Sources:
Shareholder Capital
Products:
• Loans (Individual and Group Loans)
Services Provided:
Business Development Services
Looking for (Investment Types):
Loans in Local Currency
Capacity Building Grants
Loans in US$
% Operations Comprised by MF:
91 - 100
Date established:
Jan 1 2003
FYE:
31-Dec
Current Legal Status:
NGO
Regulated:
no
At a glance
- Assets
- Gross Loan Portfolio
- Equity
Contacts
-
Ashraf NassifChief Operations Officerashraf [dot] nassif [at] akdn [dot] org00 963 11 44 69 88 34
-
Benoit Destouchesbenoit [dot] destouches [at] akdn [dot] org00 963 33 828 350
-
David JamesCEOdavid [dot] james [at] akdn [dot] org00 963 93 511 965
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Mohammed AL KhatibField Microfinance Officerm [dot] al-khatib [at] unrwa [dot] org+963 11 6363447
