In October 2001, the AZAL program was established in partnership between the Social Fund for Development and the Soul Development Organization with the aim of improving living standards, supporting youth, and enabling them to establish their own businesses. The program is an important tool for enhancing investment opportunities and providing financing services. The program’s role is not limited to providing financial services alone, but also offers a variety of technical support and consulting services to individuals and business owners.
(1) Azal Individual:
This product targets owners of small and micro enterprises, with a financing ceiling of up to one million riyals. The product targets service and industrial sectors, and the financing period is up to 24 months.
(2) Azal Investment:
This product targets owners of existing sustainable projects (agricultural, industrial, or service), with a financing ceiling of up to 10 million Yemeni riyals.
(3) Azal Partnership:
This product is designed to finance projects, finishing and renovation purposes, consumer needs, and education. Its financing ceiling is up to one million Yemeni riyals.
(4) Azal Groups:
This product is specifically designed for women who own small businesses within a single geographic area. The financing amount is up to 200,000 riyals per group (3-7 members). The product targets sewing and embroidery projects, fashion, incense and dye production, food industries, and other industries that fall under the category of “folk heritage.”
(5) Azal Seasonal:
This product is specifically designed for seasonal business owners, with a financing ceiling of up to 2 million riyals. The product targets specific projects, including, for example:
Toy trade.
Nut trade.
Food trade.
Clothing trade.
Dates trade.
Spice trade.
