The SRTF’s Second Revolving Credit Fund Accepts Applications from Eligible Loan Borrowers in Northern Aleppo

Amman- Monday, 14 March 2022 - The SRTF’s second revolving credit fund (RCF) under the newly launched project: “Establishment of Revolving Credit Fund to Support Livelihoods Recovery in Northern Aleppo –Phase I” announce they are now open to receiving applications from eligible loan borrowers at four Siraj Centers in Northern Aleppo.

 

The new RCF project, which will be implemented by Near East Foundation (NEF) as implementing partner, aims to support 725 selected entrepreneurs with high-growth potential who meet credit readiness criteria through the four Siraj centers which have been fully equipped to receive borrower loan applications in Northwest Syria (NWS).

 

 The RCF will provide micro-loans with a repayment period up to 30 months for individuals, and development loans for small businesses that have been operational for at least 12 months and show growth potential. Additionally, the RCF will provide non-financial products and services that include business development training, life ‎skills and financial literacy trainings and marketing and market access training. The four centers were selected to serve urban and rural communities who host large numbers of entrepreneurs. 

 

To ensure transparency and equal opportunities for all, information about Siraj centers locations and eligibility criteria has been prepared and posted in relevant locations on billboards and in all four centers to allow all potentially eligible borrowers to secure their best chances during the application process.

 

The SRTF’s Director General, Eng. Hani Khabbaz commented on this update saying: “Following the accomplishments of the first RCF which helped launch many successful businesses in NES, the SRTF is determined to empower more eligible entrepreneurs to help them improve their livelihoods, and to promote local economy in the North of Syria.”

 

For further information on the project, please see:

Establishment of a Revolving Credit Fund to Support Livelihoods Recovery in Northern Aleppo –Phase I

 

For more information on the SRTF visit:

http://www.srtfund.org

 

Media outlets may contact:

communications@srtfund.org


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