Microfinance Support Scheme
The Microfinance Support Scheme was directed to individuals and micro-enterprises. Tamkeen, in partnership with Family Bank, provided these beneficiaries with affordable Sharia-compliant financing to secure and sustain their existing business projects as well as to promote growth. The targeted beneficiaries received subsidies ranging from BD500 to BD7,000, as well as valuable mentoring and advisory services.
VANGUARD conducted a comprehensive impact assessment of the Microfinance Support Scheme through tailored interviews to the beneficiaries of the Scheme as well as through secondary market research and analysis. VANGUARD was then able to outline the weaknesses and strengths of the Scheme, as well as craft suitable recommendations to Tamkeen based on its ultimate findings.