The National Fund for Social Aid expands sources of financing for micro-enterprises

Damascus (ST): With the aim of finding suitable financing for the establishment of micro-enterprises, expanding the financiers with interest-supported loans, and enabling project owners to generate sustainable and growing income, the agreement was signed by the National Fund for Social Aid and the General Corporation of the People’s Credit Bank.

The term of the agreement, which was recently ratified by the Ministries of Social Affairs, Labor and Finance, is five years, which can be extended with the consent of both parties, according to the Director-General of the National Fund for Social Aid, Eng. Louay Al-Aranji.

In a statement, Al-Aranji indicated that whoever wishes to establish a new micro-enterprise for the purpose of producing a commodity or service in various forms or develop an existing micro-enterprise benefits from the agreement, with the presence of targeted segments, including those who have finished military service and the families of the martyrs and the wounded can benefit from the agreement.