Governor Yahia Mohammed Kheir of Sudan’s Blue Nile state, reportedly has announced plans for the local government to form a high council on microfinance. The local government expects the Bank of Sudan, the central banking authority of Sudan, to help expand microfinance in Blue Nile by disbursing loans and farm supplies. The federal government, which has allocated SDG 2 billion (USD 747 million) for microfinance projects, also announced its support for the microfinance council.
As of 2010, the one microfinance institution that has submitted data to the US-based nonprofit Microfinance Information Exchange (MIX) is the Port Sudan Association for Small Enterprise Development (PASED), which has 3,969 active borrowers, total assets of USD 1.7 million, a gross loan portfolio of USD 900,100, a return on assets (ROA) of 1.48 percent and a return on equity (ROE) of 1.57 percent.
By Brendan Millan, Research Associate
Sources and Resources:
[1] Sudan Vision: “Decision to Form a High Council for Microfinance in Blue NileState”, http://news.sudanvisiondaily.com/details.html?rsnpid=210281
MicroCapital.org story, March 16, 2012, “MICROCAPITAL BRIEF: Sudan’s Northern Darfur State Forms Higher Council of Microfinance”, https://www.microcapital.org/microcapital-brief-sudans-northern-darfur-state-forms-higher-council-of-microfinance/
MicroCapital.org story, February 20, 2012, “MICROCAPITAL BRIEF: Microfinance Council Established in SudaneseStateof Khartoum”, https://www.microcapital.org/microcapital-brief-microfinance-council-established-in-sudanese-state-of-khartoum/
MicroCapital Universe Profile: Bank of Sudan, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Central+Bank+of+Sudan+%28CBOS%29
Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/
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