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Home > Find a Project > Sudan > Economic Development > Increase Micro-Credit to Rebuild Sudanese Lives

Increase Micro-Credit to Rebuild Sudanese Lives

Summary

10 loan programs will capitalize income-generation & small enterprises for Sudanese to regain livelihoods and go forward after fleeing their homes because of man-made & natural disasters. progress reportread updates from the field


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Received $19,362 from 92 donations from people like:

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More Information About this Project

Project Needs and Beneficiaries

30 years of civil wars, drought, desertification, floods across Sudan have displaced millions of people to squatter settlements with virtually unbearable conditions & unemployment often over 50% or $1 a day or less. Poorest of poor in 10 of these communities will get access to credit denied by commercial resources, plus training & technical assistance to begin their journey back. Loans for community-based, individually-owned, small businesses will help them & once repaid, benefit others.

Activities

NEF selects low-income communities/monitors; engages local leaders/residents for credit committees; provides training in basics--project selection, financing, credit provision, follow-up, reporting; rewards performance with more capital & training.

Funding Information

Total Funding Received to Date: $19,362
Remaining Goal to be Funded: $55,638
Total Funding Goal: $75,000

Additional Documentation

This project has provided additional documentation in a PDF file (projdoc.pdf).

Resources

Why this Project is Important

Potential Long Term Impact

Capacity-building of communities/innovation & sound approaches/transparency & accountability from credit establish a track record both supporting residents and attracting funders so they can move beyond providing basics to a little prosperity.

Project Message

"With increasing household income from credit come indirect benefits--better nutrition, more money for education, housing and health care. Women owned & operated activities contribute most here."
- Bashir Medoab Gumaa Sahal, NEF Sudan Credit Program Officer

Who is Running This Project

Contact

Roger Hardister,
Regional Director, Near East Foundation
4, Ahmed Pasha Street
Citi Bank Building, 11th Floor
Garden City, Cairo
Egypt
+(20) 20-2-7944726
Email:

Project Sponsor

Near East Foundation

Organization

Near East Foundation (NEF)
90 Broad Street
15th Floor
New York, NY 10004
United States
+1 (212) 425-2205
http://www.neareast.org

Learn more about Near East Foundation (NEF) and the project team.


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Where this Project is Located

Country

This project is located in Sudan and can also be found under Economic Development.

For more information about Sudan, read the Human Development Report on Sudan or the Wikipedia entry for Sudan.

When this Project was Updated

Last Updated

This project was last updated on February 05, 2008.

Date Added to GlobalGiving

This project was added to the GlobalGiving project catalog on April 13, 2007.

Latest Update from the Field

Training

By Sarah Atwood - Development Associate, February 05, 2008 05:21 PM

In December, NEF conducted several training workshops focused on the management of microfinance projects. Currently, we are pursuing partnerships with local financial institutions to implement microfinance projects in the area of Dar Elsalam-Tawedat and Soba.


Links:

Read 2 more "Updates from the Field" | Comment on this update

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