http://www.english.hadhramaut.info .Center sets up YR 2 mn fund to finance micro and small enterprises [The Source: sabanews.net - 10/08/2009] The Media and Economic Studies Center has announced the establishment of a micro-and- small enterprises fund at an initial capital of YR 2 million The center said in a statement the fund will work to alleviate poverty, encourage the Yemeni families to create yielding enterprises and urge businessmen, organizations and donors to provide support for micro and small enterprises.The statement noted that the fund will grant loans for the people without interest rates, and the loans must be given according to initial studies by the loan seekers.The loans are conditional that require perfect enterprises, providing in-kind-guarantees, equivalent to the sum sought, with priority given to families and individuals in urgent need of support.The center has urged corporations, organizations and donors to contribute to the initial capital, saying there is flexibility in terms of contributions; the social classes to be targeted with funds; but the center must be responsible for organizing contributions.Among the objectives of the fund is training individuals in how to run small enterprises and conducting feasibility studies as well as reducing risks.The Media and Economic Studies Center is a non-profit organization working to promote development in Yemen and raising awareness about economic issues as well as creating professional economic media.