Paper
UNDP Microfinance Assessment Report: Yemen
Why should the Goverment of Yemen explore microfinance as a possible vehicle for socio-economic development?
This report provides details of the United Nations Development Program (UNDP) country strategy for Yemen, and also the state of microfinance in the country.>The report covers :
- The background - political, socio-economic and cultural,
- Prevailing norms and practices in banking and financial institutions,
- Government and donor interventions in the micro and small enterprise sector,
- The demand for microfinance at the national level and in select areas,
- Potential microfinance institutions and clients for partnership in implementing of microfinance program in Yemen,
- Criteria for selection of area and client targeting.
- Need for capacity building of partner organizations in microfinance.
- Necessity for different microfinance models to address and meet requirements of varied geographical and cultural diversity.
- Social venture capital: funders must be willing to take risks.
- Necessity to obtain concurrence from community leaders to ensure participation by women.
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