Microfinance & Poverty Reduction in Sudan
(Challenges & Problems)
Dr. Omer Ali Babiker Eltahir
Jazan University
College of Business Administration
Finance & Banking Department
CV
D. Dr. Omer Ali Babiker Eltahir
Specialization: of Banking Studies
Rank: Assistant Professor
Institution: Jazan University
Location: Kingdom of Saudi Arabia
Nationality: Sudanese
Mobile Phone: 00966536691922
Email: obabiker@jazanu.edu.sa - E-Mail:oeltahir@hotmail.com
In the name of God the Merciful
Submitted
Microfinance services are part of the innovative financial services in the area of banking and finance non-bank, and the growth of this sector will be depending on the demand for it and the administrative and technical expertise in this area. The process of providing financial services to the poor in the community is an important part of strategies to reduce poverty and the institutions that provide microfinance is one of the tools that play this role if achieved financial sustainability of any increase supply to meet demand.
The interest in microfinance in Sudan increased in the recent period, especially, and that the State at its peak moving to embrace this work to simplify procedures, and has been given Central Bank of Sudan great interest sector microfinance and with that we find deployment weak in the area of microfinance services Islamic incomprehension of this type of funding and requirements for success.
Importance of the study
Poverty alleviation and combating is a strategic objective seeks world to achieve in the third millennium, and is difficult to determine the microfinance clients and reach of the challenges facing the microfinance and also find that the lack of guarantees for funding and the high cost of this type of financing and cost follow-up is one of the problems facing the Sudan, and from here stems the importance of this study to take up microfinance in Sudan as a tool for