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Craftsmen: Establishing microfinance banks is an appropriate opportunity to develop our projects and improve our financial situation

2021-02-23T16:07:51.097Z


Governorates - SANA Craftsmen in a number of governorates confirmed that the provisions contained in Law No. 8 for the current year are stipulated


Provinces - Sana

Craftsmen in a number of governorates emphasized that the provisions contained in Law No. 8 for the current year, including support for productive projects in all fields through microfinance banks, represent the "appropriate opportunity" that paves the way for developing their projects and increasing the pace of production in order to achieve economic recovery.

SANA conducted a poll of opinions among craftsmen in a number of governorates, where they confirmed that financing and training are one of the most important factors for the success, growth and development of productive projects. The craftsman Ahmed Al-Ali, who has been working for a decade in the traditional and traditional traditions of the old traditions in Homs Governorate, considered that the microfinance banks upon their establishment provide Loans and training for him and small craftsmen to set up projects related to their craft will be a factor in securing financial stability and livelihood for them and their families.

The craftsman Al-Ali indicated that he is considering taking advantage of the advantages of the new law to develop the charitable workshop that he runs in the Al-Sabeel neighborhood in Homs, in which many are trained in heritage professions, while the craftsman Malik Jahjah, who has been working with her sister for years in the profession of home furnishings and embroidery, confirms that their craft requires support with funding given that Due to the high production costs and the prices of the threads needed to produce traditional artistic pieces, especially with the low production and the small number of female workers in this field.

Jahjah expressed her hope to expand and develop her craft, which would open the way for many to work and preserve traditional professions and deliver the national product to global markets.

Small craftsmen and producers in As-Suwayda governorate, like their counterparts in various governorates, are looking to benefit from the microfinance banks that will be created under Law No. 8 to develop their businesses and projects. Craftsman Qassem Abu Saab, a worker in the craft of wooden handicrafts, interior design and decoration, confirmed that the products of this craft are currently meeting in demand. This is what encourages him always to think about developing his business despite the difficulties related to the high prices of raw materials.

The craftsman Abu Saab pointed to the importance of expediting the creation of microfinance banks and providing easy loans with encouraging benefits for him and all craftsmen so that he could expand his work and buy some equipment for work.

President of the Craftsmen Union in Sweida, Jamal Humaidan also considered that the application of Law No. 8 will contribute to accelerating the pace of work and production for the small craftsman and developing the reality of the crafts, stressing the importance of the microfinance banks, when creating, the reality of high prices of raw materials and high prices for craftsmen.

Artisans in Daraa Governorate expressed their hope to provide funding for their projects that are based on their trades in a way that contributes to advancing the craft sector and returning the stalled establishments to service or expanding the existing facilities, where the craftsman Mahmoud Abu Al-Haija, the owner of a sewing workshop who has stopped working, explained that the lack of liquidity is behind the stoppage of his employer He pointed out that his obtaining a loan with easy terms and guarantees will contribute to the restoration of work for the operator and the employment of new workers.

The craftsman, Muhammad al-Mahmoud pointed out that providing loans on easy terms and without guarantees, with the exception of the facility guarantee, will be the main support for craftsmen, especially owners of small businesses that have stopped working, stressing the importance of facilitating the conditions for licensing craft establishments in parallel with securing the necessary financing through microfinance banks.

The lack of liquidity and the lack of adequate financing have caused the removal of a large number of craft establishments from the labor market, according to what was indicated by the head of the administrative and legal office of the Craftsmen Union in Daraa, Ayman Al-Damad, who confirmed that the creation of microfinance banks on simple loan terms different from the conditions of public and private banks will secure the necessary financing for projects A large segment of producers, small business owners, limited and no income.

The head of the Craftsmen Union in Daraa Ibrahim Al-Kafri had the same opinion, as he also saw that handicraft work and small and medium professions represent the basis for the success and growth of the national economy in terms of achieving self-sufficiency for families, developing the skills of craftsmen, increasing the injection of products into the market and reducing dependence on import, calling for appropriate means of financing and identification Ceilings that match the reality of the craft like the blacksmithing craft need equipment that surpasses other trades.

Yesterday, the Monetary and Credit Council approved the executive instructions of Law No. 8 regarding the establishment of microfinance banks that will contribute to securing financing for small and micro-productive projects, providing new job opportunities, improving families ’material reality and increasing production, in order to boost economic growth rates and local production.

Source: sena

All news articles on 2021-02-23

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