• Home
  • Human Care
  • Social Fund: “The Rural Savings and Finance Project supports the rural people in Yemen”

Khabar Khair (Only Good News)

The Social Fund for Development announced that the rural savings and finance groups that the Fund has provided for 3 years support the empowerment of about 2,600 male and female rural citizens to start or expand their own businesses. This support provides the beneficiaries’ family members with the ability to positively adapt and provide social protection in Yemen, according to the official website of the Fund.

The Fund has established the activities of rural savings and finance groups to support the rural population economically. This step came within the framework of enabling them to benefit from the services of financial inclusion and microfinance. That was due to some factors including, their lack of presence in those areas to overcome their scarcity in the countryside, the complexity of their procedures and conditions, their inability to pay interest on loans granted to clients, in addition to the majority of the poor inability to provide the necessary guarantees, as the project description says.

It is worth noting that the VSLAS program works to motivate local communities to establish microfinance systems- that are managed by community members,  building the capabilities and skills of its members in several fields,  encouraging its members to mobilize their savings to establish income-generating projects-which contribute to improving the living conditions of these communities, and enabling  them to face future conditions and potential emergency events.

The Fund implemented the project in five districts in the governorates of Amran, Dhamar, Lahj, Hadramout and Ibb, according to certain criteria that were agreed upon to start working with them.

  • Share on:
Aladdin AlKadi

Aladdin AlKadi

Al-Sayer Charitable Foundation Carries out Mobile Medical Clinic Program for Hadhramout Patients

  November 24, 2022

Khabar Khair (Only Good News) At the beginning of November, the Kuwaiti Al-Sayer Charitable Foundation carried out the mobile medical clinics program for the year 2022-2023 in Al-Dhaliah District, Hadhramout. […]

Funded by KSRelief, Voluntary Medical Camp for Orthopedics Continues in Mukalla

  November 23, 2022

Khabar Khair (Only Good News) For the third day in a row, the volunteer medical camp team for orthopedic surgery and joint replacement continues its activities at Ibn Sina Hospital […]

KSrelief Provides 125 Hearing Aids for Students with Hearing Impairments in Seiyun

  November 18, 2022

Khabar Khair (Only Good News) On November 3, 2022, the King Salman Humanitarian Aid and Relief Center provided 125 hearing aids for students with hearing impairments in Seiyun city, Hadhramout […]

LEAVE A COMMENT