The Poverty Reduction Pilot Project in Yemen aims to address the economic crisis and high unemployment rates by income-generation whereby small-business loans are provided in partnership with a local NGO. Promising individual entrepreneurs will be assisted in improving or starting up such businesses by matching their own dollar-for-dollar investment in…
Poverty Reduction Pilot Project
Small business loans give a way forward for entrepreneurs |
Friday, 16 December 2011 11:37 Written by Op Mercy Yemen |
Small business loans helping promising entrepreneurs reach their goals
Imagine 35 of the poorest families in a rural community on the edge of Taiz, Yemen being given the opportunity to loan 5 female goats. The reason the goats are called loans is because the recipient family must give back to the organization exactly what it received. The loan price…
Poverty Reduction Pilot Project
Yemen is the poorest country in the Arab world with unemployment hovering at 35 percent. The Poverty Reduction Pilot Project aims to address the economic crisis in a village community outside Taiz, Yemen by focusing on income generation through two avenues; revolving goat loans and small business loans, both complimented with financial training and follow up visitations.
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