The SFD and UNDP announce the Yemen Microfinance Network
In partnership with the UNDP, the SFD announces the Yemen Microfinance Network (YMN) ,the SFD and UNDP held the foundation meeting of members of the Yemen Microfinance Network, which was attended by representatives of the MFIs in Yemen. They announced this unique YMN, highlighted its strategy, discussed its basic set of rules and selected its board members.
The YMN is a fruit of the SFD and partners' commitment to the National Strategy for Microfinance that seeks to the development of microfinance industry.
The YMN is entrusted to provide the MFI's with technical assistance and capacity building of staff, set up and support a center for the exchange of information, experiences and technicalities, promote for microfinance and work as an information gateway for this industry.
The general objectives of the YMN are centered on adopting of international best practices in order to increase transparency and good governance in the respective institutions, diversifying products and services, and improving the quality of services provided by this vital economic sector.