The Yemen Microfinance Network is a non-profit organization (NGO) registered under the ministry of Social affairs and Labor in Aug 2009. It is a member based association currently compromised of 20 microfinance banks, foundations, companies and programs.
Its field of work is training, capacity building, information exchange, transparency, research, information exchange and promotion of the microfinance sector. Such activities, creates a platform for MFI’s to operate, grow, increase scale, outreach and quality to serve the most needed in society, the poor, low income households, micro entrepreneurs, youth aged 18 – 30 years old and women.
The network began as a project initiated by the Social Fund for Development and the UNDP to establish the first national microfinance network. The project lifecycle was between 2009 and 2011, yet the Social fund for development continued its support to the network up to date.
*Fairness & Equity.
*Commitment to poverty reduction and employment .
- YMN builds the capacity of its members to better respond to the needs of low-income Yemenis.
- YMN is the platform for the development and exchange of information for all industry stakeholders.