National Microfinance foundation

Microfinance opened the door for the poor to gain access to financial services including micro-credits. Microfinance opens opportunities for micro, small, and medium enterprises to develop. The financial inclusion initiatives have provided clients with access to credit, transfers, insurance, savings, and others. It helps create economic value for individuals and communities.

Establishment

National Microfinance Foundation was established in Yemen in October, 2003; however, it launched its field operations in 2004 being financed by contributions from Social Fund For Development, contributions from a number of social leaders and local foundations which believed that the provision of financial services like saving, loan, etc. will increase the level of income and improve the living conditions of the targeted groups. National Microfinance Foundation is considered as the first and largest microfinance foundation in Yemen and it is the only foundation in Yemen that performs field collection, too. The network of the foundation ranges across 20 branches and offices, most of its services are centered in the rural areas and the number of its staff amounted to 148 Employees.

VISION :

NMF vision is to become the source of financing and the tool of growth and development to facilitate economic empowerment among local communities

MISSION :

NMF has a mission to improve the economic and social living standards of individuals and communities through integrated financial and non-financial services via qualified staff using innovative approaches to meet client requirements

-Expansion and spread all over rural areas.
-Increasing the solidarity among the society.
-Making our foundation financially sustainable and independent, and able to reach different FINANCE resources.
-Providing various effective financial services for target people such as (loans-savings -insurance-remittance ).
-Working on establishing social and economic growth throughout incorporating the woman in rural and urban areas.
-Encouraging and supporting debtors to establish earning activities in order to depend over the sources of self -employment.