Grameen Yemen Foundation

Poverty in Yemen is a complex and challenging problem that is characterized by a lack of food, housing, education, and healthcare. The poorest segments of Yemeni society generally lack access to food security. Additionally, illiteracy is widespread, and a shortage of skills, leading to a lack of self-confidence and an inability to plan for the future and not to mention the difficulty of accessing healthcare and education services. It has been found that the experience of Professor Muhammad Yunus and his comprehensive economic and social development initiative in Bangladesh and other countries around the world, is the most suitable for reflecting on the Yemeni reality. The Grameen Model has been successfully applied in different environments and poor countries. The initiative to establish Grameen Yemen Foundation was launched in 2018 as a Yemeni non-profit organization that simulates the experience of the Grameen Bank, led by Professor Muhammad Yunus, who was awarded the Nobel Prize for his efforts to combat poverty in his country and promote social development. Grameen Yemen Foundation began its fieldwork in early 2020 through its branches in rural areas to contribute to improving the living standards of the poor by creating income-generating activities, especially for women. Today, the Grameen Yemen Foundation has become a leading development institution in the field of financing and comprehensive social development through its head office located in Sana'a and its three branches in the north of Al-Hodeidah Governorate, and the presence in more than 145 centers of the institution.

Vision

Economically and socially empowering poor families to raise their living standards and lift them out of poverty.

Mission

Providing sustainable financial and developmental services to poor families through innovative techniques and modern technology to reduce poverty and create opportunities for self-employment.

Objectives

Delivering financial services according to the best practices of the Grameen Bank and tailored to the activities of poor Yemeni households.
Supporting developmental initiatives and projects that accompany the credit institution's programs.
Engaging Yemeni businessmen to support the credit institution's programs in creating income-generating projects and entrepreneurial ventures
4) Supporting small farmers and livestock breeders by providing them with affordable inputs and resources.

Credit program

Features Of

Provides financing for

income-generating activities for the poor, especially women, without the need for guarantees. that doesn't require any type of collateral

Organizes members

into small groups where members choose each other.

Provides financing services

to the doorstep of the members' house.

Recovers and collects installments

in small amounts weekly from member villages.

Divides installments into

small amounts to be collected from members’ villages on a weekly basis.

The financial transactions

between the foundation and its members is based on the principle of "trust" rather than legal procedures.

Board of Directors

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Location

Main Branch

  Sana'a (St.Amaan - Next Zait And Zatar)

Az Zuhrah Branch

  Al-Zahra Triangle - Al-Mhancha Quarter

AL- Khushm Branch

  Al-Khashm - In Front Of Moanes Electricity Station

Az Zaydiyah Branch

  Al-Zaydiyah - Al-Munira line - Maleh neighborhood