ODB en­cour­ages women’s projects through ‘Anamil’

Muscat Daily - - CORPORATE NEWS -

Muna bint Mohsin bin Baqar Ab­dul La­teef, di­rec­tor of women’s projects in Oman De­vel­op­ment Bank (ODB) said that the bank was pro­vid­ing fi­nan­cial sup­port, train­ing and help for mar­ket­ing of the projects of their com­pa­nies. She said this speak­ing at an in­tro­duc­tory sem­i­nar on Wed­nes­day about the prod­uct Anamil meant for fi­nanc­ing the home maker women, held at the of­fice of the Wali of Seeb in Mus­cat gover­norate.

The sem­i­nar was or­gan­ised as part of the ef­forts of the ODB to di­rectly mar­ket the fi­nanc­ing of the home-maker women, en­cour­age their self-work and sup­port their skills in var­i­ous pro­duc­tive and ser­vices sec­tors to ac­com­mo­date Omani man­power and self-reliance. By or­gan­is­ing such sem­i­nars, the ODB is try­ing to reach out to the tar­geted seg­ment di­rectly, take their sug­ges­tions and en­cour­age them for opt­ing en­trepreneur­ship.

In her pa­per, Muna Ab­dul La­teef in­tro­duced the ODB and its vi­sion to part­ner with the fi­nanc­ing of the Small and Medium En­ter­prises as part of na­tional de­vel­op­ment plans and goals. She gave the mes­sage of the bank of giv­ing fi­nan­cial ser­vices and ex­plained bank’s ex­per­tise in the area.

She said that the amount of fi­nanc­ing by the ODB has reached to RO3,000. This is with zero in­ter­est rate. By this fi­nanc­ing, ODB wanted to pro­vide women op­por­tu­nity to work and im­prove their liv­ing stan­dards.

With this sup­port they can start their own projects. The bank has 10 per cent of its funds re­served for women and ad­dress­ing all their am­bi­tions. ODB is aimed at the de­vel­op­ment of the na­tional econ­omy, lo­cal man­u­fac­tur­ing, de­pen­dence on lo­cal prod­ucts, cre­at­ing new mar­kets and healthy com­pet­i­tive en­vi­ron­ment to pro­duce high qual­ity prod­ucts.

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