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Yemen Microfinance Network

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"Introducing YMN: A collaborative initiative by the Social Fund for Development (SFD) and UNDP, aimed at fostering MFIs in Yemen.

Overview

Organisation type

Nonprofit organisation

Country of Registration

Annual Budget

> 1 000 000 USD

Scope

Local

SDG / Categories

Decent work & Economic GrowthReduced InequalitiesIndustry, Innovation & InfrastructureResponsible Consumption & ProductionGender EqualityPartnerships for the GoalsNo PovertyZero HungerQuality EducationSustainable Cities & CommunitiesClimate ActionAffordable & Clean EnergyIslamic Finance (Zakat)

Field of Activities

Innovative Finance for Development (crowdfunding, crowdsourcing, blockchain technology)

Organisation Laguage

Arabic

English

Contact

Contact

Fuad Alawzari

Phone

+967777199876

About YMN

The Yemen Microfinance Network is a non-profit NGO established under the United Nations Development Assistance Framework (UNDAF) through a joint initiative by the United Nations Development Program (UNDP) and the Social Fund for Development (SFD) in August 2010 as Yemen’s national microfinance association. YMN is registered under the Ministry of Social Affairs & Labor as a member-based association and includes over 95% of microfinance institutions operating in Yemen within its membership. This includes microfinance banks, foundations, companies, programs, BDS providers, and other stakeholders in the sector.

YMN serves its members and the industry through the provision of technical assistance & project implementation, training & capacity building of its member MFIs, facilitation of sector transparency & information exchange, research & development, advocacy & promotion of the microfinance sector. All of which make YMN a platform for all key stakeholders, and an umbrella for MFIs to operate, grow, and increase scale, quality, and outreach to serve low-income households, micro-entrepreneurs, and small business owners including women and youth.