SRTF begins disbursement of loans under livelihood project in North Aleppo – Syrian Arab Republic

TurkeyThursday, November 3, 2022 – SRTF announced the commencement of the loan disbursement process under the Livelihoods Project. “Establishment of Revolving Fund to Support Livelihood Restoration in North Aleppo – Phase 1”.

The overall purpose of this project is to help selected entrepreneurs. 30% of entrepreneurs are women and more than 20% are young, aiming to accelerate the growth of SMEs by providing high-growth potential livelihood services including financial and non-financial products I’m doing it. Micro enterprises serving urban and rural communities in Aleppo.

In this process, 580 entrepreneurs will receive micro-loans ranging from $400 to $1,200 with repayment terms of up to 30 months, allowing individual entrepreneurs to develop new micro-businesses that meet growth potential and credit reserve criteria. to be able to build Additionally, 145 entrepreneurs will receive her $1,201 to $3,000 development loan to help individuals improve their small businesses.

Non-financial services will be provided to borrowers in four centers. These services include tailored and sequenced training on topics such as business development, life skills and financial literacy, as well as demand-driven coaching and mentoring on topics such as marketing and market access.

With a budget of €1.8 million, the project is expected to directly benefit 725 entrepreneurs and their families across six communities. It is also expected to benefit many others in the community as the funds rotate and additional contributions are made to the funds from other sources. This will be done over a period of 14 months, including a 2-month initiation phase and post-payment gradual monitoring.

For more information on this intervention, please visit:

Establishment of Revolving Credit Fund to Support Livelihood Restoration in North Aleppo – Phase I

For more information on SRTF, please see:

Media outlets can contact:communication@srtfund.org

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