Small Businesses Somalia get Free Microfinance Fund to grow

Image

Salaam Somali Bank (SSB) has provided free microfinance to small business in the country’s capital as part of the annual grand fun program meant to boost cultivating and rival of the economy.

On Sunday, the Bank’s branch in Madina has offered free microfinance to the resident traders, including women with the aim to help expand their budding businesses, per the management.

Speaking at the occasion, the beneficiaries of Salaam Somali bank’s free microfinance said they are grateful to the Bank for the valuable funding that will assist make their business dreams to true.

For eleven years in service, Salaam Somali Bank has gained praise for its commitment to improving Somali people’s lives through investment and free microfinance fund created to assist local traders.

Moreover, the private bank which is based in Mogadishu also supports entrepreneurs by providing early stage and growth financing with active support for special youth and women entrepreneurs.

The fund aims to empower entrepreneurs with an inspiring vision to solve big problems and create commercial solutions in Somalia, a country that has been plagued by decades of conflict and famine.

Related Articles

Somalia: Puntland troops surround last ISIS stronghold

The source cautioned, however, that ISIS could still carry out sporadic guerrilla attacks even if its current stronghold is captured.

  • Somalia

    20-11-2025

  • 04:55AM

Somali army Secures Key Wins Against Al-Shabaab in Lower Jubba and Bakool

The two groups have been instrumental in assisting the local army in reining in the militants who continue to wreak havoc on the frontlines.

  • Somalia

    19-11-2025

  • 01:05PM