Provision of microfinance services to vulnerable households in Somaliland

The project will help scale -up the successful pilot phase of KIMS?s services. KIMS is seeking funds from The Pharo Foundation to help achieve its next phase of growth. This will allow the organization to improve the accessibility of micro-credit for low income youth and women in urban and rural areas in Somaliland. The Pharo Foundation funding is essential for KIMS to expand its microcredit operations as it will allow it to access client cohorts that have never had access to formal finance, who could potentially lead to market growth. The aim of the project is to alleviate poverty through the provision of microfinance services to assist in the creation of income and employment generation opportunities for local microenterprises in Somaliland.