Microfinance Bank in Syria Plans to Open 40 Branches

Ibdaa Bank for Small and Microfinance was recently launched in Syria as part of the Arab Gulf Program for United Nations Development (AGFUND). The bank plans to offer 407,000 loans over the next five years through opening 40 branches all over the Syrian provinces, which will provide more than 500 job opportunities. 

Hasan al-Jabiri, head of the Board of Directors of Ibdaa Bank, said the Bank aspires to play an active role in microfinance sector locally, regionally, and internationally through its commitment to its goal of improving the living conditions of poor families.

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Syria Turns to Microfinance to Combat Poverty

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