SBNAR Microfinance Prepares to Finance Citizens through “Jayad” Movements

Sangha – OnePress

The Sennar State Microfinance Fund announced the completion of arrangements to start financing citizens from next week, through moves from the company «Jiad», including takatak, water and other means of movement.

This came during the meeting of the Microfinance Board of Directors chaired by the Director General of the Ministry of Finance in the state. Mahjoub Ahmed Mohammed, who discussed ways to raise the institution’s capital, strengthen its capabilities and expand access to finance.

The director of the state’s finance department, Dr. Essam Eddin Mohamed Ali said that the Fund has entered into partnerships with a number of banks operating in the state, in addition to a partnership with the International Fund for Agricultural Development (IFAD) to finance projects through institutions and associations in a number of localities in the state.

He stressed that the partnerships aim to expand the beneficiary base and support productive projects, thus contributing to the provision of employment opportunities and the revitalization of the local economy.