Sudanese governor Abdul Rahman reportedly announced the establishment of a Microfinance Council for the state of Khartoum, Sudan. The Council aims “to enable the micro-finance sector to play its role in achieving economic and social justice in the State.” The initiative is also designed to engage graduates in the microfinance sector; over 4,750 graduates are expected to participate in state-sponsored projects “such as agriculture, animal production and small scale businesses and industries” [1].
As of 2010, one microfinance institution has submitted data to the US-based nonprofit Microfinance Information Exchange (MIX). According to MIX, the Port Sudan Association for Small Enterprise Development (PASED), a Sudanese microfinance institution, has 3,969 active borrowers, total assets (GLP) of USD 1.7 million, a return on assets (ROA) of 1.48 percent, a return on equity (ROE) of 1.57 percent and a gross loan portfolio of USD 900,100.
By Brendan Millan, Research Associate
About Microfinance Council of Khartoum, Sudan: Formally announced in 2012, the Microfinance Council of Khartoum, Sudan aims to increase development through microfinance and incorporate many of Sudan’s graduates in the sector. The council was created by the governor of Khartoum, Sudan, and the state’s Council of Ministers.
About the Port Sudan Association for Small Enterprise Development (PASED): Established in 2001, PASED is headquartered in Port Sudan, Sudan. PASED offers loans and voluntary savings products. As of December 31, 2010, it reported to US-based nonprofit Microfinance Information Exchange (MIX) 3,969 active borrowers, a gross loan portfolio of USD 900,100, total assets (GLP) of USD 1.7 million, return on assets (ROA) of 1.48 percent and return on equity (ROE) of 1.57 percent.
Sources and Resources:
[1] SudanVision: “Microfinance Council Established” by Najad Ahmed. http://news.sudanvisiondaily.com/details.html?rsnpid=206473
MicroCapital.org Article, October 3, 2011, “Second International Conference on Inclusive Islamic Financial Sector Development, Khartoum, Sudan, October 9 – Octobe r11, 2011”, https://www.microcapital.org/microfinance-event-second-international-conference-on-inclusive-islamic-financial-sector-development-khartoum-sudan-october-9-%E2%80%93-october-11-2011/
MicroCapital.org Article, November 15, 2011, “Government of North Darfur Allots $10m for Agriculture Microfinance in Sudan”, https://www.microcapital.org/microcapital-brief-government-of-north-darfur-allots-10m-for-agriculture-microfinance-in-sudan/
MicroCapital.org Article, October 3, 2011, “Insurance Industry in Sudanto Guarantee Loans for Microfinance Projects”, https://www.microcapital.org/microcapital-brief-insurance-industry-in-sudan-to-guarantee-loans-for-microfinance-projects/
MicroCapital Universe Profile: Microfinance Council of Khartoum, Sudan: https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Microfinance+Council++of+Khartoum#Description_140_word_limit_
MicroCapital Universe Profile: Sudan Association for Small Enterprise Development (PASED), https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Port+Sudan+Association+for+Small+Enterprise+Development+%28PASED%29
Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/
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