Chahid Al Hafed (refugee camps), Sept 17, 2014 (SPS) - A seminar on microcredits was organized Wednesday morning at the Conference Hall in the headquarters of the Saharawi Ministry of Culture.
In a speech during the event, the Secretary General of the Cooperation Ministry, Sid El-Ouali Amer, highlighted the goals underlined by the Saharawi Government to put into force such project, mainly of which to encourage productive projects and self-sufficiency, in addition to develop the national economy.
The program offers interest-free loans of 2 to 10 million Algerian Dinars, except of a ratio of 0.75% as monthly expenses to cover services and ensure the continuation of the project, said the Director of Microcredits Department at the Saharawi Ministry of Cooperation, Cheijana Sid.
These loans are due to be refunded in a period ranging from one month to a year, he added.
“A total of 1664 persons, including of which 1057 women and 607 men, have so far benefited from theses microcredits. 50 loans were given during the year 2007, whereas 42 others have been granted 2014,” underlined the program director. (SPS)
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