The Managing Director Yobe Microfinance Bank, Dr. Sheriff Mohammed Ibrahim and the Deputy Chief, Program and Rural Resilience Mercy Corps, Dr Faruq Kurawa
By Jessica Onyegbula
Yobe Microfinance Bank (YMB), on Monday, signed a Memorandum of Understanding (MoU), with Mercy Corps (MC), an international NGO, to facilitate economic recovery and move vulnerable people out of chronic poverty.
The MoU was signed by the Managing Director, Yobe Microfinance Bank, Dr Sheriff Ibrahim and the Deputy Chief of Program, Mercy Corps, Dr. Faruq Kurawa.
Ibrahim said the two organizations had earlier expressed their interest to collaborate, to facilitate and protect economic recovery and growth in vulnerable and conflict-affected areas.
He also said that the MoU aimed at moving people out of chronic poverty through expanded opportunities offered by the collaboration between their two organisations.
Mercy Corps Rural Resilience Activity will be implemented using a resilience, market systems development, conflict and nutrition-sensitive approach, to stimulate sustainable, systemic change at scale and bring long-term improvements to conflict-affected households, businesses, and Farmers.
This will involve the beneficiaries, through Yobe Microfinance Bank, he said. (NAN)
Source: NAN News