Grameen Foundation : Where we work : Middle East / North Africa : Saudi Arabia
Saudi Arabia
The Need in Saudia Arabia
Known for its great oil wealth, Saudi Arabia also has a large segment of its population that is poor and has no access to financial services. Saudi Arabia has a population of more than 24 million, and it is estimated that 400,000 families could benefit from microcredit products and services. Women are particularly vulnerable to poverty and a lack of access to financial services.
Microenterprises operated by poor families in the Kingdom are varied and include street-side vending, small shops in local markets, itinerant trading, food processing and food shops, repair shops, tailoring, handicrafts, and small businesses in processing, manufacturing, trading, and more.
Our partner microfinance institution in Saudi Arabia: PFP
Grameen Foundation : Where we work : Middle East / North Africa : Saudi Arabia
Grameen Foundation uses microfinance and innovative technology to fight global poverty and bring opportunities to the world's poorest people. With tiny loans and financial services, we help the poor, mostly women, start businesses and escape poverty. Our global network of 55 microfinance institution (MFI) partners including our Growth Guarantee partners has touched more than 34 million people in 24 countries. In addition, we introduced and now sustain technology initiatives (Mifos and Village Phone) in Cameroon, Kenya, Rwanda, and Uganda, bringing our total country outreach to 28.
+1-202-628-3560 www.grameenfoundation.org
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