Grameen Foundation : Where we work : Middle East / North Africa : Yemen : Hodeidah
Hodeidah
Yemen Women’s Union in Hodeidah
| Status snapshot as of March 2008 | |
| Active clients | 3,900 |
| Loan portfolio (USD) | $215,568 |
| Portfolio At Risk >30 days* | 17% |
| * Value of all loans outstanding that have one or more installments past due more than 30 days | |
The Yemen Women’s Union – Hodeidah was launched by The Social Fund for Development in July 1997 under the Yemen Women’s Union. The program began its lending operations in January 1998. In 2004, the program covered only 9% of its operational expenses. This ratio increased to 40% in 2005, 70% in July 2006, and nearly 80% at the close of Q107. Hodeidah is currently the third largest microfinance program in Yemen. It joined Grameen-Jameel’s Partner network in February 2007.
Outreach:
Hodeidah serves very poor clients along the Red Sea coast in the Hodeidah governorate of Yemen. About 80% of its clients are women who participate in group lending with an outstanding average loan balance of US$25. Average outstanding loan balance for the MFI is US$50. Hodeidah's outstanding loan portfolio is $200,000, with a total outreach of 3,900 clients as of March 2008.
Grameen Foundation support:
A $100,000 loan disbursed by Grameen-Jameel and made possible with funding from the Mosaic Foundation and Abdul Latif Jameel will be used for the purpose of on lending. The loan will also help Hodeidah to diversify its funding sources. Its partnership with Grameen-Jameel will expose Hodeidah to an international network of funding and information sources, and is expected to broaden and deepen as it matures. Hodeidah participated in a SEEP Training Workshop run by Grameen-Jameel in June 2007.
Grameen Foundation : Where we work : Middle East / North Africa : Yemen : Hodeidah
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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