German experts join SEDF [Archives:2005/905/Local News]

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December 22 2005

SANA'A, Dec. 19)The Small Enterprise Development Fund (SEDF) has recently hired two German experts, Ms. Sylvie Hoster – Executive Technical Manager and Ms. Jutta Suhr-Boehm – Human Resources Consultant (short term), to improve its overall performance in order to become a professional and sustainable financial institution applying private sector business principles.

The first German expert, Ms. Sylvie Hoster, who works permanently with the SEDF on a two-year contract, has started her activities aimed at strengthening the fund's different departments, currently focusing on the Management Information System (MIS). Ms. Suhr-Boehm, on the other hand, focused her extensive efforts on updating the Human Resource System (HRS) in the fund.

Both experts paid field visits to the SEDF's branches in Taiz, Aden and Hodeida, to get acquainted with the tasks and responsibilities of the staff and to collect data and information related to their assignments.

As part of its current Human Resource activities, the SEDF works on updating the fund's organizational structure, job description and internal bylaws. It also works on developing a special guide on policies and procedures related to human resources to make the fund a highly productive and professional financial institution.

Mr. Khaled Al-Khalidi, Chairman of the Board of Directors of SED, stated that the fund plays an important role in providing finance (on loan base) to the small enterprise sector in Yemen over the past five years.

“We in SEDF are proud of the achievements reached by the fund over the past few years. The small enterprises occupy the second position in terms of their contribution to improve the national economy,” Al-Khalidi said.

For his part, Hisham Al-Hakimi, Human Resources Manager, pointing out that SEDF implements the HRS in compliance with international standards and the fund is due to finish the first phase of the HRS this month. According to Al-Hakimi, SEDF has well-qualified staff who do their best in the sector of small and medium-size enterprise financing.

It is worth noting that the SEDF contributes to finance a large number of small enterprises, distributes awareness-raising brochures and helps in conducting a number of economic studies.
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