Source: Sudan Tribune.

KHARTOUM, SUDAN, August 24, 2008 — President Omer Al-Bashir will inaugurate on Tuesday the Bank of Family, which is the first Sudanese financial institution specialized in the microcredit. The bank will extend very small loans to the unemployed, to poor entrepreneurs and to others living in poverty who are not considered bankable. With a capital of USD 32 million, the bank is will include public and private partners.

Engineer Widad Yagoub, the chairperson of the board of directors of the financial body said the capital of the bank is expected to reach during the next five years… [click here to read the rest of this article...]