Faysia Khalil is the Loan Officer of the small enterprise development program (SED)– the lending of small amounts to mainly women entrepreneurs. Faysia also the assignment of Educational Officer.
Faysia runs the small enterprise development program for the Adra Hais office. The program was only recently started in March 2007 and has proved effective. The program already has 70 loans repaid and a further 130 loans outstanding totaling $9,230. Faysia is also responsible for the education program for mothers covering areas of nutrition, breast feeding, and health.
Faysia is a 26 year old resident of Hais, a mother of one child and who lives with her mother and father in Hais but her husband had to go to Saudi Arabia to find suitable work. Faysia was educated in Hais and has her Certificate of Secondary Education. A workshop in Hodeidah provided an introduction to micro finance and her knowledge has been supplemented by her experience at the Adra office. Faysia hopes to complete her studies by attending college at some future date.
The SED loans are targeted at women who are mostly disabled and many of whom have taken advantage of the health benefits and facilities at Adra in Hais. Non of the loans has formal security or guarantees normally required at a bank. The purposes of the loans are to buy a variety of capital items ranging from sewing machines, workshop equipment, farming tools and even small animals such as sheep. Trade merchandise is a frequent purpose of loans such as perfume, ice crème, clothing and vegetables. Typically a first loan is for a modest amount of $50 and if that is repaid then a loan of $100 and even $150 is available. Loans are for 8 months and repaid on a weekly basis with interest at 1%, well below a bank cost at 20% or more. According to Faysia very few loans present repayment problems and she is very happy about the progress of this program.
The benefit to the community of Hais is that a large group of mainly disabled women can achieve independence and can be empowered to control their own lives rather than become dependent on others for support.
Faysia runs the small enterprise development program for the Adra Hais office. The program was only recently started in March 2007 and has proved effective. The program already has 70 loans repaid and a further 130 loans outstanding totaling $9,230. Faysia is also responsible for the education program for mothers covering areas of nutrition, breast feeding, and health.
Faysia is a 26 year old resident of Hais, a mother of one child and who lives with her mother and father in Hais but her husband had to go to Saudi Arabia to find suitable work. Faysia was educated in Hais and has her Certificate of Secondary Education. A workshop in Hodeidah provided an introduction to micro finance and her knowledge has been supplemented by her experience at the Adra office. Faysia hopes to complete her studies by attending college at some future date.
The SED loans are targeted at women who are mostly disabled and many of whom have taken advantage of the health benefits and facilities at Adra in Hais. Non of the loans has formal security or guarantees normally required at a bank. The purposes of the loans are to buy a variety of capital items ranging from sewing machines, workshop equipment, farming tools and even small animals such as sheep. Trade merchandise is a frequent purpose of loans such as perfume, ice crème, clothing and vegetables. Typically a first loan is for a modest amount of $50 and if that is repaid then a loan of $100 and even $150 is available. Loans are for 8 months and repaid on a weekly basis with interest at 1%, well below a bank cost at 20% or more. According to Faysia very few loans present repayment problems and she is very happy about the progress of this program.
The benefit to the community of Hais is that a large group of mainly disabled women can achieve independence and can be empowered to control their own lives rather than become dependent on others for support.
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