Damascus, SANA The small projects play a big\u00a0social role in ensuring job opportunities and a financial and social stability for the youths as\u00a0well as they consolidate their commitment to their homeland and restrict poverty, beggary and crimes, Bankers say.<\/p>\n
Director of marketing and communications and\u00a0spokesperson of the First MicroFinance Institution\u00a0in Syria Bana Mohammad Saifo, saw that the main challenges facing owners of the mini-projects are the difficulty of obtaining the funding needed\u00a0to support their standing projects or to start new ones, especially that most of the banks\u00a0halted giving loans during the crisis.<\/p>\n
Saifo stressed that the Institution continues\u00a0offering its banking services, including loans and\u00a0deposits during the crisis.<\/p>\n
Economist\u00a0Dr. Mohammad Zafer Mhabbek, stressed the importance of merging knowledge with work to make a project a success,\u00a0ensuring necessary financing and marketing and to objectively consider it as a core for a big\u00a0project in the future.<\/p>\n
\u00a0The small enterprises face many problems in\u00a0financing and sponsoring, Dr. Mhabbek added,\u00a0calling for continued assessment for them and setting\u00a0mechanisms which cope with the current stage.<\/p>\n
\u00a0Economist Dr. Ahmad Hassan stressed the importance\u00a0of small projects in achieving the self- sufficiency and increasing production and\u00a0decreasing inflation.<\/p>\n
Dr. Hassan called for unifying efforts for\u00a0tackling the social impact of the current crisis\u00a0on the Syrian community represented in losing job\u00a0opportunities, the production tools and to work on combining the capital with the labor.<\/p>\n
In turn, Banker Waseem al-Refae said that the\u00a0small project is the core of a big project, pointing out the importance of considering the\u00a0economic feasibility for getting the needed financing.<\/p>\n
Informed sources at the Central Bank of Syria said\u00a0that the Bank works for establishing a loan guarantee foundation.<\/p>\n
The sources added that the Cabinet reiterated, during its latest session, the necessity of carrying out the decision of the Monetary and\u00a0Credit Council on granting operating loans for the\u00a0small and medium-sized enterprises.<\/p>\n
H. Zain\/ Barry<\/p>\n","protected":false},"excerpt":{"rendered":"
Damascus, SANA The small projects play a big\u00a0social role in ensuring job opportunities and a financial and social stability for the youths as\u00a0well as they consolidate their commitment to their homeland and restrict poverty, beggary and crimes, Bankers say. Director of marketing and communications and\u00a0spokesperson of the First MicroFinance Institution\u00a0in Syria Bana Mohammad Saifo, saw …<\/p>\n","protected":false},"author":1,"featured_media":54221,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[453],"tags":[4403],"class_list":["post-54214","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-reports","tag-small-projects"],"_links":{"self":[{"href":"https:\/\/archive.sana.sy\/en\/index.php?rest_route=\/wp\/v2\/posts\/54214"}],"collection":[{"href":"https:\/\/archive.sana.sy\/en\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.sana.sy\/en\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.sana.sy\/en\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.sana.sy\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=54214"}],"version-history":[{"count":0,"href":"https:\/\/archive.sana.sy\/en\/index.php?rest_route=\/wp\/v2\/posts\/54214\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/archive.sana.sy\/en\/index.php?rest_route=\/wp\/v2\/media\/54221"}],"wp:attachment":[{"href":"https:\/\/archive.sana.sy\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.sana.sy\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.sana.sy\/en\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}