3rd-annual-meeting

Ministry of Industry and Trade hands the winning plaques to Aden MF and AlAmal MF

In the 3 rd Annual Microfinance Meeting held on 27 th March 2014 the Ministry of Industry and Trade Dr. Saadaldeen Bin Talib handed the Practitioner of the Year Award to Aden MF Foundation and AlAmal MF bank and the Member of the Year Award to Aden MF. The meeting was attended by all YMN members in Yemen, donors, organizations, banks, civil society organizations and others.  The most prominent attendees from the government side were the Ministry of Industry and Trade and from other side UNDP, USAID, EU, GIZ, IFC, OXFAM and Central Bank of Yemen.

The theme of this meeting was ” Development of Agricultural FINANCE in Yemen“. It was funded by Social Fund for Development ( SFD) in partnership with Spark organization and Mercy Corps. Mercy Corps gave a presentation of the project of development value chains of “ sesame” as a product and cash crop. Mercy also presented its plan to train farmers and sesame-squeezers and to provide a suitable production environment for this product. On the other hand, Spark’s presentation was about the value chain project which targeted dates, honey and strawberry and cost of 1.7 million Euros. This project aimed young people in the age of 18-35 years in the governorates of Sana’a , Dhamar , Hodeidah and Hadramout by providing them the necessary funds, capacity building, trainings and skills.

The Small and Micro Enterprise Promotion Service ( SMEPS) also presented its agricultural projects which indicated to the thousands farmers in Sana’a, Hodeidah and Taiz who benefited from this project in vegetables production using greenhouses, modern means and technology methods enabling them to double their productivity.

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