Family Bank benefit 344 in 2012 to 6000 in 2019 families with micro financing

Family Bank benefit 344 in 2012 to 6000 in 2019 families with micro financing

Labour and Social Development Minister, and Board of Directors Chairman of the Family Bank, Jameel bin Mohammed Ali Humaidan, has stressed that thanks to the support of His Majesty King Hamad bin Isa Al Khalifa, the Bank has brought about a quantum leap in micro financing since its establishment in 2010. According to the memorandum submitted by the Labour and Social Development Minister to this week's Cabinet session, the Family Bank has been able to increase the number of the benefiting families from 344 in 2012 to 6000 in 2019 with amounts exceeding BD 13 million. He pointed out that the Family Bank's work is based on a number of principles, including the provision of Sharia-compliant micro-finance, with the support of the Labour Fund (Tamkeen).  It targets lower-income