File:A business in South Sudan benefiting from microfinance (6189731244).jpg
A_business_in_South_Sudan_benefiting_from_microfinance_(6189731244).jpg (733 × 450 pixels, file size: 56 KB, MIME type: image/jpeg)
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[edit]DescriptionA business in South Sudan benefiting from microfinance (6189731244).jpg |
In order to strengthen the financial sector in South Sudan and help provide small entrepreneurs access to credit, USAID is funding the Finance Sudan Limited (FSL) Program, established in 2006 as one of the only microfinance lenders in the country. Since March 2010, the program has increased the number of clients it serves nearly fourfold--from 2,535 to 9,385. Adam is one of FSL’s beneficiaries in Juba. In 2007 he earned his living as a driver. After four weeks of training on business management skills and the loan policies , he qualified for his first loan cycle of 1,000 Sudanese pounds, an equivalent of $350 and the maximum amount a new client could receive. With the loan, he opened his own shop and was so successful, he was able to finish paying off his first loan in six months. Now, Mr. Abraham is finishing repayment of a second loan of 2,000 Sudanese pounds ($700) to grow his business and he will be able to access a third loan in the coming months. “The loan of 2,000 Sudanese pounds I am currently servicing has significantly multiplied my market’s stock and, through FSL, I am also opening another business. Now I am able to feed my family well out of the increased profits of the two businesses.” Adam plans to diversify his business by investing in the transport sector. (FSL) |
Date | |
Source | A business in South Sudan benefiting from microfinance |
Author | USAID Africa Bureau |
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[edit]Public domainPublic domainfalsefalse |
This file is a work of an employee of the Executive Office of the President of the United States, taken or made as part of that person's official duties. As a work of the U.S. federal government, it is in the public domain.
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This image, originally posted to Flickr, was reviewed on 19 September 2012 by the administrator or reviewer File Upload Bot (Magnus Manske), who confirmed that it was available on Flickr under the stated license on that date. |
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current | 15:13, 19 September 2012 | 733 × 450 (56 KB) | File Upload Bot (Magnus Manske) (talk | contribs) | Transferred from Flickr by User:Elitre |
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