Nama'a Microfinance Foundation
The foundation began its work as microfinanceprogram in May 25, 2000 as a result of the agreement between the United Nations Development Programme (UNDP) and the Charitable Society for Social Welfare (CSSW) within Micro-star program in Yemen .
The initial activity was in Madhbah area in Sana’a to finance 30 commercial and industrial businesses with the amount of 700,000 YR which is equal to ($ 3.500). In July 2003 4 branches and 2 centers were opened in Taiz and one center in Aden. In 2009 3 additional branches were opened in Sana’a and one branch in Hodiedah in 2010. Then In 2011 one branch was opened in Ibb to become the total 10 branches and 3 centers in Yemen.
2. Financing 100,000 business activities with the amount of ($ 24,604,368) with Women representing 60% of this target.
3. Enhance the institution’s ability through the training , technical assistance and peer exchange as well as raising institutional efficiency for the upcoming period.
4. Increase the beneficiaries economic empowerment by 21% ( by marketing , capacity building and social impact and enable them to participate in Nama social forum and benefit from the grant fund….)
5. Adapting innovative and creative methods in terms of service delivery through research and shed light on the latest technological trends as well as diversifying and developing financial products and services.
6. Cooperating with the public and private sectors to offer financial services for their beneficiaries.