Micro-Enterprises Covention held [Archives:2007/1057/Local News]

June 7 2007

SANA’A, June 6) Themed “Fighting Poverty: 10 Million Customers by 2010”, the Social Fund for Development organizes, over the period June 10-16, Micro-Enterprises Days and Sanabel Network at the Sana’a-based Movenpick Hotel. The conference seeks to underscore the importance of microfinance industry in a country’s economic development and its contribution to the improvement of living conditions of the low-income households and small entrepreneurs.

This conference, being the third in a row, aims to promote small and micro enterprises in the country. The first and the second conferences were held in August 2004 and September 2005 respectively.

Attended by 400-500 participants from across the globe, the conference will allow participants to exchange information as well as present and discuss the Arab and international experiences in the field. It is also an occasion for bringing together agencies and individuals concerned with microfinance industry worldwide.

Several activities will be launched during the conference including group discussions, sessions, workshops, short training courses, and “networking”. Additionally, a forum on financing, Introducting financial services objectives, lending procedures, and targeting clients as well as achievement will be highlighted.

Meanwhile, the microfinance convention will provide clients with a chance to demonstrate and directly sell their products, together with organizing lectures by concerned agencies, aiming at encouraging the microfinance industry in the country.

Earlier to this, the Social Fund for Development has issued a number of newsletters, brochures, and booklets that explain the objectives and mandates of its Small and Micro Enterprises Development (SMED) Unit as well as the achievements accomplished thus far.

In the opening session, prizes will be awarded to 11 winners under what is known to be ‘the Regional Steerage of Small Arab Investors’. The winners represent those who achieved success through the services of microfinance in the Arab world and thus created a better future to their families and themselves.