“To borrow money is a kind of shame.”
She Wants to Correct Such Misunderstanding which Prevents Sudan’s Development.

“We are not sure if financial system complies 100% with Islamic law.”
Through the field research, Abeer noticed such misunderstanding existed among the SMEs (small and medium-sized enterprises) owners which prompted them to operate the companies within their budget.
Due to the strict requirements for collaterals and complicated procedures, less than 20% of SMEs could get financing from banks.
It is vital to develop the SMEs to improve Sudan’s economy, however, the Government doesn’t have clear SMEs policies. There is no basic data on the enterprises in Sudan.
She visited such SMEs one by one to obtain basic information such as the number of employees and the reasons why they didn’t receive financing.
Sometimes, she was turned away at the door, but could get answers from 194 SMEs.
She discovered that SMEs needs to open a bank account and banks should ease the collateral conditions and develop products specific for SMEs. With competent institutional framework, the Government can realize the true contribution of SMEs in economic development by creating a national body for SMEs development and policy that encourages inclusive financial systems.
After 2-year master’s course, she returns to the Ministry of Finance in Sudan in this October. Someday, her plan will surely be realized.

“To borrow money is a kind of shame.” She Wants to Correct Such Misunderstanding which Prevents Sudan’s Development.

“To borrow money is a kind of shame.”
She Wants to Correct Such Misunderstanding which Prevents Sudan’s Development.