Eamar Microfinance of Yemen recently began piloting digital microfinance services in the country. While it is not clear which of these is now available digitally, the microfinance institution offers: (1) funding for micro-, small and medium-sized enterprises; (2) housing loans; (3) money transfers; and (4) advisory, training and marketing services. The goal of Eamar is to increase financial inclusion by providing “high-tech, sustainable and innovative financial and non-financial services,” particularly to facilitate the development of value chains. Financial data on the institution are not available.
The 10 microfinance providers in Yemen report an aggregate loan portfolio of YER 27 billion (USD 45 million) outstanding to 89,000 clients as of July 2020.
By Aakansha Shenoy, Research Associate
Sources and Additional Resources
Eamar press release published via Findev
https://www.findevgateway.org/news/launching-pilot-phase-eamar-microfinance-first-digital-microfinance-platform-yemen
Eamar homepage
https://eamaronline.com
More news on Yemen from MicroCapital
https://www.microcapital.org/?s=yemen
Did you know that MicroCapital publishes the MicroCapital Monitor each month? Find out more at https://www.microcapital.org/products-page.
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