Taiz: A training course for 28 loan officers and small and micro-project officers from cooperative associations in the provinces of Taiz and Al-Dhale' concluded on Monday. This initiative was aligned with development work policies, methodologies, and principles aimed at fostering economic growth and sustainability.
According to Yemen News Agency, the 15-day course was organized by Bonyan Development Foundation in collaboration with cooperative associations, the local authority, the General Mobilization, and the Agricultural Cooperative Union branch. The course sought to equip participants with the necessary knowledge and skills to manage interest-free loans, small and micro projects, and to prepare financing forms and contracts. It also covered implementing recovery and follow-up mechanisms, contributing to the strengthening of economic empowerment programs and achieving sustainable development.
Taiz Deputy Governor for Development Affairs, Abdulwasea Al-Shamsi, emphasized that the course was part of a broader framework to enhance economic empowerment programs and develop skilled cadres capable of managing development financing programs effectively. He highlighted the critical role of loan officers as the link between farmers, cooperative associations, executive offices, and financing entities. Al-Shamsi also stressed the importance of applying the knowledge gained during the course to benefit the community, improve production, and drive economic development.
The closing ceremony saw attendance from several notable figures, including Provincial Agricultural Sector Official Engineer Abdullah Al-Jundi, Director of the Agricultural Projects and Initiatives Financing Unit Engineer Hussein Al-Rashdi, Bonyan Foundation Coordinator Eyad Owehaj, and Head of the Agricultural Cooperative Union branch Majed Al-Sagheer. Trainee representative Abduljalil Mahioub stated that interest-free loan programs offer a developmental alternative to usury-based loans. He noted that the participants acquired valuable skills in identifying investment opportunities and studying economic value chains, enhancing their ability to manage development projects successfully. Mahioub also reaffirmed the participants' commitment to ensuring the success of loan programs, improving production, and promoting local products to reduce import costs.