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 their business and have a set repayment period of 12 months. Loan follow-up officers, administered by way of the local NGO, will follow-up with periodic personal visits and document the progress and repayment process for each loan recipient. Financial management training will be offered and required for each project participant. The project will provide financial management education and implement techniques for more efficient use of financial resources on the part of community members.
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