Sectors

Sectors

EDUCATION

Education has generally not been a sector that financial institutions invest in, but due to the sheer number of unemployed youth in the Somali regions

PROJECTS

  • Financing University fees
  • Financing laptops
  • Conducting Business Plan Competitions (piloting)
  • Financing Start-ups

 

Agriculture (Crops)

Agriculture i.e. farming crops is another productive sector that MicroDahab focuses on

PROJECTS

  • Investing in Cooperatives
  • Buy green houses for farmers
  • Put lights for the farmers
  • Buy seeds for the farmers E.T.C

FISHING

The challenges of working in this sector have been numerous, however,

            PROJECTS

  • Financing (fuel, ice, nets & food) for boat owners
  • Financing (fish) for retailers
  • Lease a Boat Program (planned – 2019)

LIVESTOCK

Livestock is the most important sector and contributes the most to the nations gross exports and economic activity.

PROJECTS

  • Off-Season/fattening
  • Aluminum Milk Cans
  • Financing re-sellers (Saylad)

RENEWABLE ENERGY

Renewable energy is a cross-cutting investment sector for MicroDahab as products in this category are financed through our sector-specific portfolios in Agribusiness, livestock etc.;

            PROJECTS

  • Solar-powered water pumps (Agriculture portfolio)
  • Solar-powered fridge/freezers (Milk / Fisheries portfolio)
  • Village lighting
    (Urban poor portfolio)

MANUFACTURING

Availing Murabaha finance to small craftsmen by investing stocks

Women and Youth Support

  • Women in the Somali Corridors are still hugely unbanked or more under-banked than men. Women dominate the Micro and Small Enterprises (MSE) in Somaliland/Somalia and play an important role in the economy.
  • MicroDahab has enabled the Somali women to develop/strengthen income-generating activities. They have lower defaults rates compared to their male counterparts.
  • The youth are the most energetic and innovative people. Who come up with ideas that is going to be the change of the nation and they are among one of the ways to eradicate poverty for their creativity is amazing.
  • The youth that have been helped so far have shown tremendous growth in their lives and have made the community a better place by increasing their economy.
  • The youth always pays back the money the loans on time.