{"id":433555,"date":"2011-05-31T13:07:01","date_gmt":"2011-05-31T13:07:01","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/05\/31\/savings-and-micro-credit-scheme-in-northern-red-sea-region-improving-peoples-lifestyle\/"},"modified":"2011-05-31T13:07:01","modified_gmt":"2011-05-31T13:07:01","slug":"savings-and-micro-credit-scheme-in-northern-red-sea-region-improving-peoples-lifestyle","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/05\/31\/savings-and-micro-credit-scheme-in-northern-red-sea-region-improving-peoples-lifestyle\/","title":{"rendered":"Savings and Micro-Credit Scheme in Northern Red Sea Region Improving People&#8217;s Lifestyle"},"content":{"rendered":"<div readability=\"22.9301277235\">\n<hr class=\"thin clear\" \/>\n<hr class=\"thin clear\" \/>\n<p><a href=\"http:\/\/www.shabait.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Shabait.com<\/a> (Asmara)<\/p>\n<p>30 May 2011<\/p>\n<hr class=\"thin clear\" \/>\n<p>Massawa \u2014 The Savings and Micro-Credit Scheme in the Northern Red Sea region is playing commendable role in improving the living standard of nationals through extending loans, according to Mr. Haile Embaye, Head of the Office.<\/p>\n<p>He told ERINA that the program is aimed at extending financial service to low-income nationals in remote areas and semi-urban centers, and thereby encourage them engage in small-scale investment ventures.<\/p>\n<p>The scheme has opened over 35 village banks through setting up branch offices in the sub-zones of She&#8217;ib, Ginda, Foro, Gelalo and Massawa, Mr. Haile added. Out of the 3,000 beneficiaries of the program, 35% are women.<\/p>\n<p>There are also plans to extend loan amounting to 700 to 100,000 Nakfa in the next five years to about 1,000 nationals engaged in marine activities and marine-related trading activities, he stated.<\/p>\n<p><\/p>\n<fieldset>\n<legend align=\"center\"><strong>More News on allAfrica.com<\/strong><\/legend>\n<\/fieldset>\n<p>AllAfrica &#8211; All the Time<\/p>\n<hr \/>\n<\/div>\n<\/p>\n<p>Read More:<br \/>\n<a target=\"_blank\" href=\"http:\/\/allafrica.com\/stories\/201105310872.html\" title=\"Savings and Micro-Credit Scheme in Northern Red Sea Region Improving People's Lifestyle\" rel=\"noopener noreferrer\">Savings and Micro-Credit Scheme in Northern Red Sea Region Improving People&#8217;s Lifestyle<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> Shabait.com (Asmara) 30 May 2011 Massawa \u2014 The Savings and Micro-Credit Scheme in the Northern Red Sea region is playing commendable role in improving the living standard of nationals through extending loans, according to Mr. Haile Embaye, Head of the Office. <\/p>\n","protected":false},"author":0,"featured_media":433556,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"post-433555","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sports"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - 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