MTN SUDAN Launches Micro-Credit initiative targeting Women
MTN Sudan launches first corporate social investment projects for 2009, "Together for wellbeing of Sudanese society"
Hassan Jaber, CEO of MTN's : The project aims to empower women and draws attention to the importance of supporting them in today's society.
Director-General of SUDIA: MTN's fund will cover four key areas in Khartoum state and contribute to the rehabilitation of four committees.
A Memorandum of agreement between MTN-Sudan and the Sudanese Development initiatives (SUDIA) was signed at Al Salam Rotana Hotel in Khartoum on the 24 th of March 2009. The signing ceremony was attended by a large number of Sudan 's most distinguished Media, guests, VIPs and socialists.
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The project baptized : MTN 's MICRO-FINANCE INITIATIVE FOR WOMEN EMPOWRMENT, focuses on financing small projects that will help increasing the daily income average for targeted families
As the whole world celebrated women in the last few weeks with International Women's Day and Mother's Day, this project could not have had a better timing. The first phase of this project- focusing on women- would last for one year after that funding will be directed to other families.
MICRO CREDIT program is the solution for the world to reduce the poverty affecting almost half the population of the globe. Where the statistics have proven that half of the world's population live on only $ 2 a day or less than that , which undoubtedly can not meet the obligations of health, education and food . Micro-credit schemes have provided great solutions to increase the rate of daily income for these families and build their capacity.
Mr. Hassan Jaber, MTN's CEO said that such a social initiative aims in the first place to support the Sudanese women and boost interest in this sector, which is the foundation for a good nation... MTN's CEO concluded that this project is the first one for this year and marks the launch of MTN Foundation in Sudan , however many other innovative initiatives would follow.
Mr. Abdul Rahman Al Mahdi, SUDIA Executive Director said that MTN's fund will be directed in favor of four areas in Khartoum State to cover a large number of Sudanese families... He also added that the program provides the possibility of training a number of young people on how to manage small loan programs. He then added that the support provided by MTN for this program will greatly help owning necessary expertise to four national committees and enabling them to obtain the qualification needed for the managing such large projects.
It should be noted that the Sudanese Development initiatives is a Sudanese non-governmental organizations and non-profit organization committed to its cause in order to advance peace and development in Sudan .
ABOUT THE MTN GROUP
Launched in 1994, the MTN Group is a multinational telecommunications group, operating in 21 countries in Africa, Asia and the Middle East . The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code: "MTN". As at 30 September 2008, MTN recorded 80,7 million subscribers across its operations in Afghanistan, Benin, Botswana, Cameroon, Cote d'Ivoire, Cyprus, Ghana, Guinea Bissau, Guinea Republic, Iran, Liberia, Nigeria, Republic of Congo (Congo Brazzaville), Rwanda, South Africa, Sudan, Swaziland, Syria, Uganda, Yemen and Zambia. The MTN Group is a global sponsor of the 2010 FIFA World Cup South Africa™ and has exclusive mobile content rights for Africa and the Middle East . Visit www.mtn.com and www.mtnfootball.com .
Kindly address any queries to Sheila Kangwagye on +256 77 221 2659 and on email kangwas@mtn.co.ug
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