Our Members
Al- Kuraimi Islamic Microfinance Bank
The Yemen Bank for Reconstruction and Development-Islamic Branches
Tadhamon Microfinance
Aden Bank
Yemen Kuwait Bank
Union Microfinance Program
Hadhramout Microfinance Program
Al-Rayan Financing Program
Twasul Microfinance Program
Azal Islamic Microfinance
Qutaibi Bank
Yemen Loan Guarantee
Themar Foundation for Microfinance
Nama'a Business Center
Nama Development and Microfinance Foundation
Yemen Kuwait Islamic Bank
National Microfinance Foundation
Yemen Commercial Bank
Y Foundation
Grameen Yemen Foundation
WE NET
Cac Bank
Building Foundation for Development
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 financing
of 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.
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.
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
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
Vision
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.
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.
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.
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.
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
Vision
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.
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.
About
Al Qutibi Islamic Bank for Microfinance was established under the license of the Central Bank of Yemen No. (CBY 455/2021). The bank aims to provide financial and banking services consistent with the provisions of Islamic Sharia to contribute to the development of the national economy as much as its available potential. For this purpose, it practices for its own account or for the account of others inside and outside Yemen. All aspects of banking activity, known and developed, and all banking and investment activities, in a manner that does not contradict the provisions of Islamic Sharia, international Islamic Sharia and accounting standards, and the applicable laws of the Central Bank of Yemen and Islamic banks, and the instructions issued accordingly.
Mission
Contribute to the provision of quality financial and banking services and financing products at an appropriate cost and high quality for individuals and institutions in accordance with the provisions of Islamic Sharia and overcome the obstacles to banking spread through the use of easy and concessional methods and professional and innovative techniques
Vision
Enabling individuals and institutions of society to access the highest benefit from financial and banking services and financing products.
About
In 2011, YKIB was established, making use of the inspiration legacy of the Yemen Kuwait Bank for Trade and Investment (YKB) in accordance with the Central Bank of Yemen Law No. 16 of 2009, which permits commercial and conventional banks to open independent branches to operate in the Republic of Yemen as per the Islamic Sharia, and in accordance with the rules for opening Islamic branches of conventional banks issued by the Central Bank of Yemen
Mission
Providing individuals and business establishments in Yemen with high quality financial services that take into due consideration the needs and aspirations of customers, and contributing to the development of the national economy through a qualified and self-motivated staff and the use of state-of-the-art techniques.
Vision
To be the desirable destination for integrated financial services.
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.
Nama'a Business Center
About
A Yemeni house of expertise that includes a distinguished team in training, consulting, professional experts, and distinguished technicians. The training activity extends to cover specialized fields in computers, graphics, information systems, business administration, office management (secretaries), project management, human resources management, marketing management, procurement management, production, and accounting. Auditing, costs, financial management, investment, foreign trade, security, social performance, and vocational courses in the economic empowerment of women and men. Given the importance of small projects in raising the wheel of development, the center in March 2022 opened the Namaa Microfinance Academy as the first specialized academy in Yemen. In the field of microfinance, the Academy focuses on setting up courses to build the capacities and competencies of small business owners and workers in the field of microfinance, as well as raising awareness of the importance of small projects for the individual and society.
Mission
Vision
Building a leading national and international institution in the field of training, capacity building and development
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.
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.
About
Yemen Commercial Bank (YCB) is a closed Yemeni joint stock company that was established by virtue of the Central Bank of Yemen Resolution No. (2783) dated 28/1/1993 , licensed to practice business by the Ministry of Supply and Trade under the Minister of Supply and Trade Decree No. (32) for the year 1993 issued in 1993.
Mission
Providing comprehensive and advanced banking services that meet all customers’ needs and exceed their expectations.
Vision
Pioneership and leadership in the local banking sector.
About
The rapid global development in the banking sector in recent years has meant that in order to maintain its position as an industry leader, YKB has had to embrace a continuous cycle of development and modernisation across all areas of our operations. Leading the way as Yemen’s first private sector bank, YKB co-founded an insurance company offering a wide range of insurance services and was the first commercial bank to establish Islamic branches.
The bank’s board understands that complacency undermines ambition and so it has developed a strategic plan that will ensure YKB’s position as one of the top banks in Yemen during the next five years. Simply providing standard banking services required by the clients is no longer sufficient to assure our position as a leader in Yemen’s financial services sector.
Mission
To provide individuals and businesses in Yemen with an upscale level of financial services exemplified by personal attention to clients’ needs and aspirations, as well as to contribute to the national economy by ensuring it employs qualified, self-motivated staff and constantly evolving through the use of the most modern techniques.
Vision
To become the most favorable financial institution.
About
YFoundation seeks to contribute to the society economic stability by supporting community to participate in sustainable development. It also encourages self-employment, financial literacy, and responding to urgent humanitarian needs.YFoundation has a great crave to facilitate the access for small business entrepreneurs and society to financial services by providing technical support, economic empowerment programs and livelihoods. Moreover, it contributes in awareness campaigns in accordance with the best and latest technological practices.
Mission
YFoundation seeks to contribute to the society economic stability by supporting community to participate in sustainable development. It also encourages self-employment, financial literacy, and responding to urgent humanitarian needs.YFoundation has a great crave to facilitate the access for small business entrepreneurs and society to financial services by providing technical support, economic empowerment programs and livelihoods. Moreover, it contributes in awareness campaigns in accordance with the best and latest technological practices.
Vision
A better life for all
About
YFoundation seeks to contribute to the society economic stability by supporting community to participate in sustainable development. It also encourages self-employment, financial literacy, and responding to urgent humanitarian needs.YFoundation has a great crave to facilitate the access for small business entrepreneurs and society to financial services by providing technical support, economic empowerment programs and livelihoods. Moreover, it contributes in awareness campaigns in accordance with the best and latest technological practices.
Mission
YFoundation seeks to contribute to the society economic stability by supporting community to participate in sustainable development. It also encourages self-employment, financial literacy, and responding to urgent humanitarian needs.YFoundation has a great crave to facilitate the access for small business entrepreneurs and society to financial services by providing technical support, economic empowerment programs and livelihoods. Moreover, it contributes in awareness campaigns in accordance with the best and latest technological practices.
Vision
A better life for all
About
BFD has a deep and broad knowledge of Yemeni society, especially within the humanitarian, social, and economic context, as well as first-hand experience of the needs of local communities in different areas of intervention. The beginning of BFD can be traced to a group of experts back at 2009, voluntarily looking for a common ground, sharing their expertise in public health, concerns, and values to be able to lift part of the burden placed on their communities.
Mission
Working in a humane and transparent manner for the vulnerable groups in society and the affected groups through the implementation of sustainable development and relief programs of the highest quality.
Vision
Pioneering in development work and humanitarian response, to empower the most vulnerable groups in society
About
Cooperative & Agricultural Credit Bank (CAC Bank) was established in 1982 as a result of the merger of the Cooperative, Agricultural Credit Bank that was established in 1975 and the Bank of National Cooperation for Development that was established in 1979. Accordingly, it bore the responsibility for financing the agriculture and fishery sector, while there were, limited investment projects by the government and citizens in this sector. The Bank has successfully offered financial and banking services to the agriculture, fishery and livestock sector since its establishment until the end of 2003.
Mission
Offering the best, high qualified financial and banking services, using best financial, administrational, technical systems, and high professionalism, through a wide business network of individuals, firms and corporations, in order to develop the local economy.
Vision
The Pioneering Financial Institution
