Jan 29, 2010

Aga Khan Agency for Microfinance Expands in Damascus, Syria

Damascus, 28 January 2010 – The First MicroFinance Institution Syria’s (FMFI-S) newest branch in Maysat, in the northern part of Damascus, was opened today by the Deputy Prime Minister, H.E. Dr. Abdullah Dardari, in the presence of the Governor of the Central Bank of Syria, Dr. Adeeb Mayaleh, and the Aga Khan Development Network (AKDN) Resident Representative in Syria, Mr. Mohamed Seifo. The new branch will expand services offered to marginalised segments of the population with the aim of providing more poor people with financial services. According to studies undertaken by the International Finance Corporation (IFC) and KfW Bankengruppe (KfW), an estimated 260,000 to 420,000 households in Syria require access to microcredit for business purposes. One million households require credit for non-business purposes such as housing, education and medical care. FMFI-S is the largest provider with over 14,500 loans.

Ismailiworld - Be Unite


No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...