The First MicroFinance Bank

It is the first and largest microfinance institution in Syria, established in 2007. Its capital amounts to 400 million Syrian pounds. Its goal is to provide small and microfinance and other financial and banking services to certain segments of the population in accordance with the provisions of Legislative Decree No. 15 dated 15 February 2007, and its executive instructions.

The institution provides the following financial and banking services:

·Accepting deposits in Syrian currency for different terms.

·Providing small loans to targeted segments of the population.

·Offering micro-insurance services associated with its loans.