NMF began in 2002 as an experimental program following the ASA (NGO in Bangladesh) microfinance methodology and was established as a Foundation in 2004. Its vision is “To increase the income of poor and low income families, as well as micro entrepreneurs, and make them become self-reliant,” and its mission is “Improving the income of micro entrepreneurs, especially women, in the rural and urban areas of Yemen through effective and sustainable financial services that meet the needs of customers.”
NMF is the oldest and one of the largest MFIs in Yemen.
As of July 2012, NMF reached 13,490 clients through 14 branches in 8 (out of a total 21) governorates.
NMF has been rated C+/Positive Outlook by Planet Rating in October 2009.
NMF became a Grameen-Jameel partner in December 2009. Grameen-Jameel jointly with the Social Fund for Development, Yemen provided NMF with a rating c
For further information on NMF, please refer to their website: www.nmfy.org