The General Assembly of Yemen Microfinance Network (YMN) held its meeting for 2018. The meeting, which was attended bythe Deputy Minister of Ministry of Social Affairs and Labor for Development Ali Saleh Abdullah and members of the General Assembly.
The General Assembly meeting began with the review of the report submitted by the External Auditors for the year 2017 . YMN Board of Directors report as well as the monitoring and inspection committee report were presented and approved by the General Assembly.
The General Assembly also approved the previous General Assembly meeting minutes.
Moreover, the gathering praised the remarkable performance by YMN during 2017 and the work being done on several projects that benefit the microfinance sector, the society and MSEs affected by the war.
The meeting viewed YMN 2018 plan and budget and unanimously approved them. On the other hand, the meeting discussed amendments to YMN bylaws and filling in the vacancies within the Monitoring and Inspection Committee. The meeting also reviewed the YMN membership terms and conditions.
Addressing the meeting, the Chairman of YMN Dr. Hamid Al Amrani, delivered a speech explaining that the Network has made several achievements during 2017, most notably the Microfinance Finance Clients Compensation Project.
Dr. Al-Amrani highlighted YMN achievements including trainings, Microfinance Clients Compensation Project as well as research, studies, advocacy, transparency, promotion and information sharing carried out with support of the Small and Microenterprise Development Unit of the SFD. The total number of beneficiaries from training activities implemented in 2017 exceeded the total number of people over the past five years. The trainings also were delivered in other governorates in Aden and Hadhramout to allow all members to gain access to YMN training programs.
YMN was also engaged in the MORE project to develop sesame value chain targeting a number of southern governorates which was implemented in partnership with Mercy Corps. The project aimed to provide technical training to the beneficiaries to develop their skills and improve their business productivity as well as to provide access for the beneficiaries to Microfinance institutions.
