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SME sector Timeline 2008-2011

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2008

Al-Amal Microfinance Bank started its operations.

 

2009

      Issuance of Microfinance Law.

      Establishment of Yemen Microfinance Network (YMN ).

      Encourage the private sector to enter the MF sector (Alkuraimi MF Bank).

 

2010

      Graduation Project.

      Issuance Mobile Banking legalization.

  

2011

Crises

The microfinance sector was effected by the political instability that began in February 2011 which had a significant impact on the overall economy of the country.

Small and Micro Enterprise Development Unit

Republic of Yemen

Social Fund for Development

Sixty street,Faj attan, Sana'a,Yemen

Tel :967-1-449669

Fax : 967-1-499670

 

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