For seven days, microfinance executives from Bahrain, Jordan, Egypt, Sudan and Mauritania participated
Microfinance company Ebdaa Bahrain co-organized an educational workshop entitled “Strategic plans for SMEs and evolution of monetary expectations”.
The workshop was organized under the supervision of the Microfinance Unit of the Arab Gulf Development Programme (AGFUND) and in collaboration with the National Bank for SME Finance in Jordan. For seven days, microfinance executives from Bahrain, Jordan, Egypt, Sudan and Mauritania participated.
“The project of this workshop to promote the wisdom and experience of Arab executives in the framework of the elaboration of strategic plans for the microfinance sector, in line with AGFUND’s objectives of promoting regional growth, generating more new companies and expanding employment opportunities. “the Executive Director of Ebdaa, Dr. Khalid Al Ghazzawi.
Dr. Al Ghazzawi, who oversaw the workshop, added that Bahrain’s participation in the workshop, whether through the organization or physical presence of Ebdaa executives, embodies the advancement of the microfinance sector in Bahrain as the first Gulf country to enroll in the “AGFUND”, as well as the Kingdom’s accumulated experience in this sector for nearly 12 years. In addition, he presented successful examples of Bahrainis who had expanded and expanded their businesses even outside Bahrain thanks to Ebdaa concessional loans.
“We focus on training participants on how to strategically plan their organizations, researching the surroundings of the establishment, adding legislation, regulations and market conditions, as well as comparing the establishment itself, the functionality of its staff, the financial products it offers, its strengths and weaknesses, and developing a comprehensive strategy of 3 to 5 years, said Dr. Al Ghazzawi.
El Dr. Al Ghazzawi stated that other topics of the workshop were discussed, covering the investigation of the necessary purposes through the microfinance institution, methods of adding new branches, expense management, extraction and investigation of financial statements, how to expand the portfolio of a specialist loan and how to move loan amounts to the market. In addition, he commented that Mr. Sameh Al-Maharik, Chairman of the Board of Directors of the “Tanmia” network, a network that brings together all microfinance establishments in Jordan, presented diplomas to the workshop participants at the end of the workshop.
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