A WORKSHOP ON MICROFINANCE
The Center for Self-Employment and Entrepreneurship at the SUST organized, in collaboration with the Workers Company for Microfinance and Aamal Ishraf Organization, a Workshop on (Microfinance: A Strategic Vision for Sustainable Development). The workshop was attended by a number of microfinance companies.
The Vice-Chancellor, Prof. Rashid Ahmed Mohammed Hussein, addressed the opening session of the workshop and described SUST as a community, noting that the university since its inception was based on three pillars, namely education, scientific research and community service through its unique business incubators which mounted up to six incubators through which it provides services to the public with the participation of university graduates. He illustrated the partnership between the SUST and the African Union through the Ministry of Agriculture in the field of animal production, which resulted in the slaughter of 19 thousand broiler chicks, and it is expected that more 30 thousand birds will be slaughtered in the coming days after the youth have been trained to raise poultry, finance, own their own incubators and receive theoretical and practical training courses.
Director of the Workers Company for Microfinance, Zain El Abideen Abdel Azim, identified microfinance as a financial and non-financial service provided to the activists for sustainable development rather than profitability. He pointed out that there are more than 44 microfinance institutions in the country and this makes Sudan regionally advanced in the field of microfinance, but there are some important challenges facing the financing process which represented in training and understanding of the microfinance process. He added that the company targets with microfinance workers in the public and private sectors in order to contribute to the gross domestic product, which contributes to the achievement of sustainable development and he thanked the SUST for organizing the workshop.
The director of Aamal Ishraf Organization, Kabbashi Hamed, praised the efforts of the SUST in serving the community and its interest in the development of small industries and craft so that the community becomes productive. He also stressed on the importance of training as a key point in the success of the business, calling for the importance of mating between training and financing to expand the use of microfinance banks.
Director of the Sudan Center for Self-Employment and Entrepreneurship, Mustafa Al-Jack, welcomed the participants and pointed out that the center is considered the first one among the public universities and was established to serve the community beside its contribution through production incubators in increasing production and productivity and solving many economic issues. He hoped that the workshop will produce outputs that will contribute to the development of microfinance products.
The workshop will continue for two days, which will discuss several working papers, the most important of which is a paper on the role of Islamic finance in achieving sustainable development in Sudan, presented by the economist Mohammed Al-Nayer and another paper on small projects and their role in economic and social development, presented by Dr. Muawiya Almusbah.