Jan
13
Written by:
Team SUDIA
1/13/2011 5:12 PM
SUDIA has signed a 'Musharaka' - (Finance Partnership Agreement) contract with the Savings and Social Development Bank in Khartoum whereby a capital fund of 135,000SDP (equivalent to 45,000USD) will be made available as lending capital for SUDIA's micro-fincnace operations in Khartoum and North Kordofan State. In collabotration with its partner outlets, SUDIA will target female as well as youth entrepreneurs and provide them with loans to finance existing small businesses or new business start-ups. Loan sizes vary from SDP1000 to SDP3000.
Current lending partners working with SUDIA are located in Khartoum and Omdurman lcoalities in Khartoum State. A total of 180 clients in Khartoum State are to be served with small loans during the first year of operations.
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