General Brief


Introduction

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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.

Mission

Mission

YMN’s mission is to build a solid platform for responsible microfinance that responds to the needs of low-income Yemenis. The network does this by building the capacity of microfinance practitioners through training, research, information exchange, product innovation, advocacy and promotion. YMN’s membership is guided by commitment to best practices, transparency, equity and responsibility.
Vision

Vision

Microfinance opportunities for all low- income Yemenis.
Values

Values

*Professionalism.
*Fairness & Equity.
*Good Governance.
*Accountability.
*Transparency.
*Commitment to poverty reduction and employment .

Strategic Goals

Strategic Goals

- YMN is a dynamic, responsive, participatory and recognized microfinance network.
- 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.