RURAL COMMUNITY DEVELOPMENT AT JABAL AL HOSS Mahmoud Asaad UNDP-SYRIA. Workshop on Microcredit-Financing and Poverty Alleviation in OIC Member States Istanbul, 9-10 July 2007. Jabal Al Hoss is in the south east of Aleppo.
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AT JABAL AL HOSS
Workshop on Microcredit-Financing and Poverty Alleviation in OIC Member States
Istanbul, 9-10 July 2007
Annual average rate of rainfall 150 - 250 mm.
Shortage of drinkable and irrigation water.
%55 of the lands need reform.
bought and kept in semi covered tankers which endanger it to pollution.
%46.3 of population live in a single mud domes.
This dome is a multi purpose house.
People work in reformed.:
Barley, Cumin, Wheat, Lentil
%40,2 of the villagers are landless.
Livestock keeping :
sheep, goats and cows.
%40 of the population migrate for (2-3months).
%3.5 migrate for more than 6 months.
Population Demographic Indicators reformed.
Population growth rate %3.4
%51 of them under 15.
Illiteracy rate at the age of 13and above %58 and it is higher among women.
Household average size is 9 person.
Dependency ratio 4.5% person
is a joint project of the Ministry of Agriculture and UNDP.
It was approved in 1998.
Implementation started in 2000.
The first Sanduq was established on September, 2000.
Establishment of a sustainable network of self-reliant local microfinance institutions (sanadiq) to finance employment-generating small and micro enterprises.
Low-income people, the underemployed and the unemployed - men, women and youth.
Shareholders in the village funds at Jabal Al Hoss.
Project period reformed.
Phase one: 1999 - 2002
Phase Two: 2003-2007
Financial Resources: 1999 - 2007
1-UNDP offers $1,4 million.
2- Japanese government $1.5 million.
3- Syrian government: contributes with sp.40 million and provide locations, operational costs, maintenance, and required governmental staff.
What's Villages Sanadiq? reformed.
It is a self-reliant local financial institutions, concerned in funding micro investments through easy ,fast and flexible Islamic lending methods in addition to offering training, technical and social care services.
(1)Meet loans needs of the local community.
(2)Consider prevailed traditions and norms.
(3)Easy and flexible procedures to be applied through the local community.
(4)Financing based on the concept of Murabaha with net profits shared among members.
(5) Good governance through committees with sound election and voting procedures.
(6) Project management team responsible for creating awareness of microfinance practices, training of committee members.
(7) Financial management of the funds based on standardized by-laws and statutes for each of the village funds resulting in “fair” credit decisions and low transaction costs.
(8) Financially viable operations with repayment rates close and voting procedures.
(9)Equal access to both men and women as owners and users.
Sanadiq apex fund for
liquidity exchange and refinancing.
(11)Support from UNDP in the form of matching grant equal to minimum share capital of village fund.
(12) Support from Ministry of Agriculture and UNDP in the form of in-kind donations.
(13) Offering loans as Al Qard Al Hassan for disabled.
Share value SL.1000 (20 US$) , as a shareholder can own maximally 50 share.
Any member can withdraw his share capital after at least 1 year of the date of his participation.
All the inhabitants of the village can buy shares regardless of their age.
1. Loans type: according to repayment way:
*Seasonal loansrepaid as a lump sum at the end of the period, Monthly profit margin 1.25 %.
*Loans repaid by quarterly installments each 3 months, Monthly profit margin 1 %.
*Loans repaid bymonthly installments, Monthly profit margin 0.75 %
Loan term: minimum share capital of village fund.
*It is specified according to the cash flow of the economic activity but it shouldn't exceed a 1year.
*Average loan term : 10 months.
*No more than US$ 1000 in the first loan cycle as it is increase gradually through building the client credit worthiness.
*The maximum loan size is US $ 3000.
*Average loan size : US $ 800
Two reputable grantors from the village.
Signing promising vouchers.
Total Value of disbursed loans: US $ minimum share capital of village fund. 8.560 Million (11200 Loan)
%3 Service minimum share capital of village fund.
% 40 livestock
%45 farming% Loan Purpose
/97/ training courses were conducted and beneficiaries' number (men and women) was 1688 .
honey bee keeping
Electronic devices maintenance
Electrical equipment repair
Hair dresser and barbers
through fairs and
1-President of Syria issued in Feb 2007 the legislative Decree no. 15 which provides for permitting the Credit and Monetary Council to license the establishment of a social banking and financial institutions.
2-These institutions aim to offering small and Micro finance in addition to banking and financial services for certain section of peoples .
3-These institutions may be established by Syrian, Arab or foreign boards .
4- Minimum capital of this institutions is 5 Million US$