Partnership with Good Women ' s Society

Wednesday-2017-05-17

The Bank for Social Development signed a joint cooperation agreement with the Goodwill Women ' s Society for Social Development in Manora City on the morning of Thursday, 23/07/1438H at the headquarters of the Bank in Riyadh.

The Bank for Social Development signed a joint cooperation agreement with the Goodwill Women ' s Society for Social Development in Manora City on the morning of Thursday, 23/07/1438H at the headquarters of the Bank in Riyadh.
The Convention was signed by the Bank, His Excellency the Director-General, Dr. Abdullah Bin Abdulrahman Al-Namla, or by the Sovereign Women ' s Society for Social Development, President of the Governing Council, His Excellency Ms. Mona Mansour Al-Sharif.

Recognizing the need for complementarity and cooperation among the sectors involved, the Bank has become an urgent need to upgrade the application level in the provision of micro-enterprise development services and the provision of viable investment channels for the children of this country to enable them to launch their own investment projects and enhance productivity. This Convention has been signed in addition to the Social Development Bank ' s concern to support, sponsor and finance microenterprises and projects of productive families and artisanal and artisanal industries in the Kingdom.

The Good Women ' s Society for Social Development also has development programmes and is considered to be developmentable local experiences and to foster a culture of self-employment and self-reliance in providing self-employment through, inter alia, microcredit and care.

The Bank for Social Development has allocated a special portfolio to fund projects under this Convention, with a value of R$4 million (4,000.000).