"A small financing is granted to rural women with the aim of improving their capabilities, developing their lives in an effort to lift them out of poverty and create opportunities for self-employment through the creation of small income-generating activities."
Targeted group:
The poorest of the poor in society
Productive women
Low-income individuals
Capable of creating a small income-generating project
Locally from the targeted area
Features of the financing:
• Financing granted without any collateral or legal guarantees.
• Members are organized into small groups where members choose each other.
• Banking services are provided to members at their doorstep.
• Installments are collected weekly from member villages to facilitate repayment for a period of fifty weeks.
Financing ceiling:
Financing Cycle Maximum Financing Ceiling
First Financing - YER 75,000 maximum (USD 140)
Second Financing - YER 120,000 maximum (USD 230)
Third Financing - YER 250,000 maximum (USD 470)
Fourth Financing - YER 450,000 maximum (USD 850)
Fifth Financing - YER 550,000 maximum (USD 1030)
Financing conditions:
• Age between 18 and 50 years old.
• Training on financial literacy and writing.
• From needy families with a daily income of less than $5.
• Full willingness to create a small income-generating activity.
