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Assessment of MSE financial needs in Yemen : final report (English)

This report was commissioned by the International Finance Corporation (IFC) to assess the financial needs of micro and small enterprises (MSEs) in Yemen and evaluate existing service providers in this market segment. The report analyzes the gap between supply and demand for MSE financial services and makes recommendations on how to improve access to finance in the country. This study is based on a market survey of 405 MSEs in Yemen conducted in summer 2007. This report estimates that there are 400,000 MSEs in Yemen. This estimate is consciously conservative. It does not, for example, consider the financial demands of the country's 1.4 million farmers and 10,0000 medium-sized enterprises. Nor does it differ greatly from an estimate made in 1998, when the population of the country was only 16 million. In the absence of more reliable data on unregistered micro and small enterprises, however, the estimate provides a reasonable foundation for market projections.


  • Author

    Cetin, Ozlem, Hoster, Sylvie, Kathmann, Jurgen

  • Document Date


  • Document Type

    Working Paper

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  • Volume No


  • Total Volume(s)


  • Country

    Yemen, Republic of

  • Region

    Middle East and North Africa,

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  • Doc Name

    Assessment of MSE financial needs in Yemen : final report

  • Keywords

    Micro, Small and Medium Enterprise;commercial bank;Micro and Small Business;Micro and Small Enterprises;legal and regulatory framework;gesellschaft fur technische zusammenarbeit;access to financial service;number of bank accounts;alternative sources of funding;legal status of enterprises;formal financial sector;formal banking sector;trade and investment;access to finance;formal financial institution;loan loss provision;formal financial service;size of enterprise;Portfolio at Risk;source of income;open currency position;annual interest rate;national unemployment rate;private financial institution;crude oil production;risk management standards;gross national income;automated teller machine;outstanding loan amount;Type of Investment;amount of credit;declining government revenues;minimum capital requirement;demand for good;good credit history;operation and management;asset portfolio;letter of guarantee;international good practice;credit risk policies;source income;source of funding;source of financing;accumulation of capital;economies of scale;Letter of Credit;foreign insurance company;lack of awareness;poor road condition;competitive retail market;international money transfer;introducing new products;scarcity of water;education and health;focus group meeting;microfinance institution;treasury bill;loan portfolio;public bank;loan product;rural area;loan size;market demand;private bank;market segment;informal loan;repayment rate;future investment;contingent liability;Real estate;individual loan;financial sustainability;Enterprise Development;insurance companies;profit margin;microfinance sector;foreign bank;contingent liabilities;commercial lending;educated youth;microfinance program;survey sample;private institution;investment opportunities;legal environment;payroll deduction;net portfolio;credit portfolio;market survey;private company;single shareholder;survey respondent;Banking Law;life insurance;residual debt;financial industry;savings account;microfinance market;gap analysis;social responsibility;government initiative;international partners;Leasing Law;swot analysis;client needs;working capital;financial product;investment rate;female client;portfolio development;leather good;cotton textile;internal restrictions;state revenue;internal regulation;outstanding portfolio;portfolio size;commercial activity;risk averse;supervisory body;early repayment;food processing;international donor;employment creation;donor funding;empowering women;private initiative;employment opportunity;employment opportunities;microfinance industry;loan capital;large borrower;Rural Sector;oil resource;housing improvements;living condition;start-up business;telephone shop;microfinance loan;microfinance client;Lending Product;spoken language;social infrastructure;governmental services;agricultural product;raw material;agricultural production;trade sector;registered business;commercial ship;sewing machine;cement production;large portfolio;sale price;adequate infrastructure;market competition;donor activities;doubtful debt;government service;innovative loan;dairy product;political stability;local investor;administrative cost;professional training;lump sum;monthly profit;lease payment;flat rate;pension checks;monitoring procedure;small fee;personal guarantee;set-up cost;commercial basis;Higher Education;young people;large enterprise;job market;business administration;computer science;safe environment;social program;legal framework;Land Registry;registry authority;land title;ownership structure;collateral opportunity;alternative investment;micro-finance business;liquidity surplus;annual saving;average profit;microfinance service;consumer loan;big bank;government bond;bank investment;financial indicator;large loans;smaller towns;national investment;career track;life expectancy;agricultural productivity;financial transfer;opposition party;business decision;messaging service;cumbersome procedures;rural village;large population;applicable law;demand analysis



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Cetin, Ozlem Hoster, Sylvie Kathmann, Jurgen

Assessment of MSE financial needs in Yemen : final report (English). Washington, D.C. : World Bank Group.