Our Members

Al- Kuraimi Islamic Microfinance Bank​

The Yemen Bank for Reconstruction and Development-Islamic Branches​

Tadhamon Microfinance

Economic Empowerment Unit

Yemen Kuwait Bank

Union Microfinance Program - Abyan

Hadhramout Microfinance Program

Al-Rayan Financing Program

Twasul Microfinance Program

Azal Islamic Microfinance

Rowad foundation

Yemen Loan Guarantee​

Al-Awael Microfinance Company

Woman Association for Sustainable Development

Nama'a Microfinance Foundation

Aden MicrofinanceFoundation

National Microfinance Foundation

YFoundati2on

Y Foundation

Aden MicrofinanceFoundation

Al- Kuraimi Islamic Microfinance Bank​​

About

Al- Kuraimi Islamic Microfinance Bank for Microfinance was established in 2010 as Yemeni company to offer savings, loans, exchange and money transfer services to the public.

Mission

our purpose is to contribute to the economical and social development and to the improvement of the standard of living of the Yemeni society. We will do that through expanding the provision of our high quality diversified financial services to include savings and financingof small and microenterprises according to the Islamic sharia’a law while continuing to occupy a pioneering position in the banking sector. We intend to combine professional mechanisms which cost efficient and provide good return to investors and depositors with exemplary customer services 

Vision

KIMB envisions that “ All financial services are accessible by each person in Yemen ”

Strategic Goals :

1- To develop and improve high quality and cost efficient financial services which suit the needs of all the clients thru improving the money exchange and money transfer services and the development of savings and financing of small and microenterprises according to the Islamic Sharia’a law.

2-To increase our market share for all the provided financial services and to get closer to our clients by enhancing and widening our outreach in urban and rural area thru widening our network of branches and agents (service points) and the development and the update of our electronic services.

3-To continue to occupy a pioneering position in the banking and financial services sector thru developing a highly qualified and distinguished cadres and utilizing effective and modern systems in order to generate a good return for investors.

Economic Empowerment Unit

About

The Islamic Bank of Yemen was established in 1995 by the decree number 137 issued by the Minister of Supply and Trade with a capital of 1 Billion Rials.

The bank revised the Central Bank of Yemen license number 271 on the 9th of August 1995 to be the first bank to conduct Islamic financial activities.

The Bank was officially inaugurated in 8th June 1996 with a capital amounted 1 billion and 250 million YER with local and international investors . the capital was increased to its current amount 4 billion and 400 million with 22.5% as FDIs.

Mission

To contribute to the economic development through providing microfinance to the low income with small programs and projects in local and foreign partnerships.

Vision

To be the leading economic empowerment service provider to people in the Islamic world.

Strategic Goals :

1. To reach 50000 beneficiaries (with 80% partners) by 2019
2. 20% of individual projects
3. 10% of target group from individual projects and unions
4. Balance between social and financial performance
5. Alleviation of poverty by 30%
6. Balance between the different types of financial products with Islamic nature
7. 60% women if target groups
8. Transactions with a value of 50 million USD by 2019
9. Profit margin of 30%

Tadhamon Microfinance

About

Since its establishment  in the year 2006 at  Tadhamon International Islamic Bank, Tadhamon MF works to provide financing services in the Islamic Murbaha forms  through a network of 16 branches in 9 governorates.

Mission

Reduction of poverty and unemployment through the provision of financial services and non-financial to achieve comprehensive, sustainable and economic development for the local communities in urban and rural areas and to reach financial sustainability and growth of the Bank

Vision

To become the local leader in entrepreneurial and SME banking.

Strategic Goals :

1- Reduction of Poverty and unemployment.

2- Increasing the standard of living of our customers by offering high-quality, diverse and professional banking services.

3- Sustainable economic development of local communities in urban and rural areas.

4- Achieve meaningful revenue from financial services to achieve financial sustainability and growth of the Bank.

5- Access to the largest possible proportion of the target population through the expansion of the geographical spread in urban and rural areas and “mobile Banking”.

6- Dissemination of the principles and concepts of Islamic banking.

The Yemen Bank for Reconstruction and Development-Islamic Branches

About

The Islamic Branches of the Yemen Bank for Reconstruction and Development were  established in Sana’a on  16 March 2014. With a capital of $ 3  billion Riyals and in accordance with the Central Bank of Yemen’s Decision of  01/27/2014, the branches were founded as an independent entity to be   100% owned by  the Yemeni Bank for Reconstruction and Development. It is worth mentioning that the Yemeni Bank for Reconstruction and Development was founded in Sana’a in 28 October 1962 as a joint stock bank with a capital of  (10) ten million Yemeni Riyals. The Bank is a public-private sector mixed ownership with 51% of paid capital for Government of the Republic of Yemen and   49% for the private sector.

Since its launching, the Bank worked on  founding  the existing Central Bank of Yemen. It actually used to carry out all the tasks and responsibilities of the Central Bank. The Bank performs its banking operations from its headquarter in Sana’a City. With its network of 44 branches located throughout the Republic of Yemen and  correspondent banks  around the world, the  Bank for Reconstruction and Development  has pioneered in the delivery of  unique banking and financial services.   It has been a very strong supporter and contributing agent to Yemen’s economic development and thus, won a very prominent reputation at the local and international levels.

Mission

To be the number one option for providing actual, Islamic, innovative banking solutions with the aim to better the lifestyle of people everywhere

Vision

The Bank aims at being the most successful and renowned banking institution at the local and international levels. This is by having ongoing initiatives for creating innovative services and outstanding products that go in line with Islamic Sharia tenets and more importantly by using modern technology and recruiting competent staff.

Strategic Goals :

– Commitment
– Privacy
– Client First
– Perfection
– Professionalism
– Continuous Development
– Planning

union

Union Microfinance Program - Abyan

About

The Union Microfinance Program ,  one of the most active programs in Abyan is one of the Yemen Microfinance Network (YMN) founders. It was established in the fourth quarter of 2003 by the name of Self-Assistance Program for Savings and Lending Services – A’byan, under the platform of Yemen’s Women Union.   As a non-governmental and non-profit program, the Program provides savings to its clients as its  main product and targets poor women with experience in areas such as   handicraft and other economic activities.

Situated in Abyan, the Program  started by providing  its services nearby areas; beginning with  the city of Zanzibar area, it then moved on to Ji’ar and Al Koud areas . It was very much welcomed by  the families and natives of  those areas. At the beginning of 2013, the Program was named as  “The Union Microfinance Program” and started to expand further by which it currently covers to currently  six branches in the Abyan, Hadramout and Aden governorates, including areas like Zanzibar, Khenfar, Ahwar, Al Mukalla, Al Shihr, and Aden . By the end of March 2016, the number of active clients accounted for 3385.

Mission

The Program seeks to contribute to the improvement of the social status and living standards of poor families and those of low income in Yemen’s urban and rural areas.
 

Vision

Empowering poor families to improve themselves.
 

Strategic Goals :

– To develop and improve various financial and non-financial services products to fulfill the needs of the targeted households in Yemen’s urban and rural areas;

– To expand disseminate our financial and non-financial services provided to targeted families by which 18,000 client families are outreached by the end of 2018;

– To provide sustainable financial services of high quality through implementing effective systems and employing qualified administrative staff;

– To search for various funding sources.

alnahdahsocial

Hadhramout Microfinance Program

About

The program was established on 21 st May of the year 2000 by the SFD and Alnahda Social Foundation to offer Credits and Saving services to poor people of Hadhramout governorate. 

Mission

Improve the standard of living of the poor through the provision of financial services to small and micro business owners and in Hadhramout.

Vision

To be the largest institution offering small and micro loans in addition to other services such as savings, Insurance, money transfer and consulting services for its clients in business management.

Strategic Goals :

1-To provide financial services to owners of small businesses of sayoun district based on Islamic system loans.
2-To fight poverty through the creation of new job opportunities.
3-To push forward the development of the existing small-scale activities and contribute to the economic growth of the country.
4-Develop capacity and skills of workers in small enterprises to improve their efficiency and outputs.
5-Develop new methods of charitable work and move it from the process of relief and sympathy to the development and production.
6- Contribute to the role of women in the production and development of the community.
7-Get women out of poverty and encourage production.

alnahdah

Al-Rayan Financing Program

About

Al- Rayan Financing Program is an initiative program aims to generate incomes. It sponsored by TOTAL Yemen in partnership with Al-Nahdah Social Association in Wadi Hadhramaut region.

Al-Rayan began operations in January 2010 and is dedicated to the purpose of economic empowerment and poverty reduction among the local population. The program helps people who need to establish their own enterprises in order to rely on themselves financially and to play their positive role in the community.

Mission

Improving people income, reducing poverty through creating new jobs, providing financial services to the poor citizens in Sah and Sayoun areas and partner with them in small enterprises.

 

Vision

Contribute to the development of the citizens in Sah and Sayoun provinces and raising the levels of living and reducing poverty.

Strategic Goals :

1- Improving the livelihood individuals.

2- Reducing poverty through creating new jobs.

3- Providing financing facilities for the poor people and involving them in small enterprises.

4- Provide the necessary funding for these projects in order to raise productivity and improve their income.

azal

Azal Microfinance program

About

Azal Microfinance program was established on 23 rd October 2001 by its parent NGO, SOUL For Development and SFD. The MF program targets both male and female micro and small business owners and limited income households in Sana’a. The program offers individual, group and seasonal loans with sharing profit system, the savings are compulsory for groups.

Mission

Azal Microfinance program was established on 23 rd October 2001 by its parent NGO, SOUL For Development and SFD. The MF program targets both male and female micro and small business owners and limited income households in Sana’a. The program offers individual, group and seasonal loans with sharing profit system, the savings are compulsory for groups.

Vision

Azal Microfinance program was established on 23 rd October 2001 by its parent NGO, SOUL For Development and SFD. The MF program targets both male and female micro and small business owners and limited income households in Sana’a. The program offers individual, group and seasonal loans with sharing profit system, the savings are compulsory for groups.

Strategic Goals :

1-Reach to an active portfolio with 4054 active clients.
2-Achieve 100% operational efficiency by the end of the year.

tawasul1

Twasul Microfinance Program

About

Twasul Microfinance Program is a non-profit organization that contributes to economic and social prosperity through the provision of excellent financial services to Yemeni society.

Mission

seeks to combat poverty and alleviate the suffering of the community and contribute to the achievement of sustainable development in the service and the development of human health and educationally, economically and socially and professionally through holistic projects according to the highest standards of corporate performance

Vision

Leadership in humanitarian work and sustainable development
 

Strategic Goals :

1 – Contribute to the development of Yemeni society healthy socially, culturally, professionally
2 – to participate in finding solutions to the problem of poverty and mitigation in the community.
3 – Work on producing family support and activated in the community.
4 – cooperation and communication with bodies, institutions and associations of Arab, regional and foreign organizations, and according to the law.

YLG

Yemen Loan Guarantee

Mission

Facilitate financial access for target segments through the provision of guarantees products and services to those with insufficient collateral.

 

Vision

Improved financial inclusion for target segments leading to better standards of living in Yemen.

Strategic Goals :

  • Improve the target segments’ economic status.
  • Support the expansion and growth of the small and microfinance sector.
  • Pioneer a guarantee experience for MSMEs based on international best practices and innovative principles.
  • Establish a more trust-based credit culture in the small and microfinance sector.
Rwad

Rowad foundation

About

Rowad was Founded in 2013 in Sana’a, Yemen, established byYemeni entrepreneurs who dedicate their efforts to engage Yemeni young businessmen/businesswomen and entrepreneurs in a constructive way to create an vibrant Entrepreneurship Ecosystem in Yemen. Since then, ROWAD prospered as one of the most active and effective organizations working in the business development and entrepreneurship filed in Yemen. ROWAD Foundation is founded in Sana’a, and its activities cover the whole country.

Mission

To invest in youth potential, inspire and empower them with skills, tools and knowledge to take control of their economic situation through entrepreneurship and career development.

Vision

A Vibrant Entrepreneurship Ecosystem in Yemen.

Strategic Goals :

  • Promote entrepreneurship in Yemen and support Yemeni entrepreneurs.
  • Assist in establishing venture capital, incubators and growth accelerators for startup.
  • Create space for entrepreneurs to communicate and networking.
  • Establish channels for access to outstanding personalities and entrepreneurs.
  • Establish a means of sharing / disseminating best practices and lessons learned in entrepreneurship
  • Cooperate with the government to develop friendly policies for Yemeni entrepreneurs
  • Coordinate and collaborate with various stakeholders (NGOs, intergovernmental organizations, international organizations, government, the private sector and individuals) to achieve the organization’s objectives.
  • Supporting youth access to jobs market through career support and development.
  •  
Aden

Aden MicrofinanceFoundation

About

Establishment in 22 nd June 2005 by the Social Fund for Development SFD as a not for profit NGO with a legal independent identity organized by the NGO law. The foundation provides loans for investments to individuals and groups in the form of cash or the purchase of product system as well as home repair service and interdependence.

Mission

AMF aims at improving the living standards of limited-income clients, particularly women, through providing them with distinguished financial and non-financial services in the Yemeni rural and urban areas.

Vision

As a microfinance institution aspire to alleviate poverty and achieve sustainable development for low-income

yemenibank

Al-Awael Microfinance Company

About

The Alawael Microfinance Company is the legal diversity of the development of Small Projects & Handicrafts (MICRO START) which is one of the activities of the United Nations Development Programme in Yemen. Al-Awael was established in the Year of 2000 in coordination with the Ministry of Labour & Welfare and funded by the UNDP and SFD. In 2004 it formed and registered itself as a company. The company targets male and female small business owners. The products offered by Al-Awael are individual loans for males and females, group loans for females and loans for starting up a small business as well as consumption loans. 

Mission

The raise of production capacity and income of the small projects owners especially the women in the Governorate of Taiz and the surrounding regions through lending long term services to comply with their needs and to become small FINANCING Company with financial stability.

Vision

To become a leading company in fighting poverty and unemployment through the provision of diversified financial services to meet the needs of our targeted group.

enma

Nama'a Microfinance Foundation

About

To contribute in the development ( through reducing poverty and unemployment) by financing Micro and Medium projects and activities for the low income segments and small entrepreneurs in accordance to the Islamic “Sharia”.

Mission

To contribute in the development ( through reducing poverty and unemployment) by financing Micro and Medium projects and activities for the low income segments and small entrepreneurs in accordance to the Islamic “Sharia”.

Vision

To become a leading company in fighting poverty and unemployment through the provision of diversified financial services to meet the needs of our targeted group.To become the leading financial service provider for SMEs in Yemen.

wasd

Woman Association for Sustainable Development

About

Women Association for Sustainable Development (WASD) was founded in Aden on March 28, 1998. It started practicing causes related to women issues and how to involve them in development.

Mission

A Voluntary, national, independent and non-profit organization established in March 28, 1998 in order to empower women economically and improve the family subsistence. This will be through training, small vocational rehabilitation, microfinance loan program for income generating and youth development training. WASD works in advocacy and partnership with many international and regional organizations working in Yemen.
 

Vision

To become the leading institution and one of the largest MFIs.

alwatania

National Microfinance Foundation

About

National Microfinance Foundation was established in Yemen in October, 2003; however, it launched its field operations in 2004 being financed by contributions from Social Fund For Development, contributions from a number of social leaders and local foundations which believed that the provision of financial services like saving, loan, etc. will increase the level of income and improve the living conditions of the targeted groups. National Microfinance Foundation is considered as the first and largest microfinance foundation in Yemen and it is the only foundation in Yemen that performs field collection, too. The network of the foundation ranges across 20 branches and offices, most of its services are centered in the rural areas and the number of its staff amounted to 148 Employees

Mission

NMF has a mission to improve the economic and social living standards of individuals and communities through integrated financial and non-financial services via qualified staff using innovative approaches to meet client requirements

Vision

NMF vision is to become the source of financing and the tool of growth and development to facilitate economic empowerment among local communities

Stratigic goals

  • Expansion and spread all over rural areas.
  • Increasing the solidarity among the society.
  • Making our foundation financially sustainable and independent, and able to reach different FINANCE resources.
  • Providing various effective financial services for target people such as (loans-savings -insurance-remittance ).
  • Working on establishing social and economic growth throughout incorporating the woman in rural and urban areas.
  • Encouraging and supporting debtors to establish earning activities in order to depend over the sources of self -employment.

 

YFoundation

Grameen Yemen Foundation (GYF)

About

Grameen Yemen Foundation (GYF) is founded in November 2018 as not for profit organization, which is inspired by Nobel Laureate Prof. Muhammad Yunus’s Microcredit & Social Business concept. GYF is replicating the model of Grameen bank with the collaboration of Grameen Trust to alleviate the poverty and the suffering of Yemeni people and improve their economic and social conditions.

Mission

Develop an effective and innovative Grameen Microfinance model to contribute to poverty reduction in Yemen.
➢ Promote the culture of savings and credit to contribute to the materialization of our clients’ life projects.
➢ Create self-employment through microfinance and Nobin (New Entrepreneur).

Vision

Reduce poverty by providing financial services & creating self-employment for the poor. Expands Social awareness program to change the values and life style of the poor and breakout the vicious cycle of poverty,

Stratigic goals

  • Exclusive focus on the poorest of the poor, no collateral will be required.
  • Borrowers organized into small groups. Group members will select each other.
  • The banking services will be provided to the people at their doorstep
  •  It is offered for creating self-employment for income-generating activities and housing for the poor, as opposed to consumption.
  •  Repayments will be broken into small installment to make it easier for the member
  • It is based on “trust”, not on legal procedures and systems.