Achieving success through microfinance in Syria
The First Microfinance Bank - Syria (FMFB-S) began as Syria’s first social banking financial institution. It aims to alleviate poverty, helping its clients achieve financial, economic and social integration to enhance their quality of life.
A farmer explains how his loan enabled him to start breeding cows, selling their milk to finance his children’s education. The owners of a bee farm in Masyaf took out a loan from FMFB-S to buy bee and hive boxes, managing to produce a ton of honey per year. The income pays for house building, household needs and their children’s schooling. They hope to take out a further loan to start an educational institute, sharing the benefits of microfinance more widely.