Banks for the poor

 

"AGFUND'" has adopted its own pioneering initiative of setting up banks for the poor in the Arab World out of its solid and invariable belief in the efficiency of small and microfinance in fighting poverty and alleviating jls adverse effects on poor communities in the Arab countries, in addition to raising the standard of living of the poor people, so as to become a productive force, capable of self-dependence and able to contribute to the support of their communities. The initiative, led by His Royal Highness, Prince Talal bin Abdul Aziz, President of AGFUND, to set up banks for the poor is the outcome of an extensive development experience that exceeds for 25years, during whichAGFUND has dealt with various segments of the society and spotted their suffering. On the other hand, the initiative reflects the fact that AGFUND is keeping abreast with developments in the concepts pertinent tothe sustainability of the development process.