SOUL celebrates Sana’aMicro-Finance Program [Archives:2003/679/Local News]

Yasser Mohammed Al-Mayyasi
Sana’a, Oct. 21- A special ceremony was held by the Society for the Development of Women & Children on the 2nd anniversary of founding Sana’a Micro-Finance Program on Oct. 19
The ceremony which was attended by the Minister of the Social Affairs & Labor and the Executive Manager of the Social Fund for Development, Mr. Abdulkareem al-Arhabi, a number of speeches focusing on the great successes of the Development of Women & Children during the last two years were delivered.
The Sana’a Micro-Finance Program is one of the programs affiliated to the Childhood and Woman Development Society which has achieved dramatic transitions during the last years.
The society has paid a special and keen interest on educational, health, social and development aspects.
During the last two years, the society is considered to be one of the pioneering and active societies in Yemen which has gained wide popularity on the part of the other bodies and organizations operating in the field of development.
The Sana’a Micro-Finance Program has been developed and its activities also enlarged.
In this regard, an agreement was signed between the Development of Women & Children and the Social Fund for Development on October 20 2001.
The program is a developmental and non-profitable one. It aims at granting loans to people who possess different trade activities for both men and women.
Two kinds of services are rendered by the program, granting loans to men and women and savings for women only.
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