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Yemen


Partners

United Nations Development Programme (UNDP), The International Fund for Agricultural Development (IFAD), Gesellschaft für Internationale Zusammenarbeit (GIZ), Social Fund for Development, Small Micro Enterprise Promotion Service (SMEPS), Community College, and Ministry of Technical Education & Vocational Training

Riyada and Youth Leadership Development Foundation

Al Amal Microfinance Bank (AMB), Yemen Microfinance Network, Al Kurami Islamic Microfinance Bank

Consolidated Contractors Company

Projects

Youth Loan Fund

Silatech has a longstanding partnership with Al Amal Microfinance Bank (AMB) on the development of innovative youth financial services. Through this pioneering project with AMB, a youth strategy has been developed for the financial institution which has included a loan product for existing youth-run enterprises, a startup product called Mashrou3i, a youth savings account, and support to the creation of a sister entity Al Amal Foundation which provides pre- and post-finance training and business support to youth-run enterprises.

SUCCESS STORIES

"Within seven years I achieved what I wanted, thanks to Al Amal Microfinance Bank which enables people with limited income to overcome difficulties and gives them the opportunity to become business leaders."  

- Bashir Al-Haj

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