Cooperation agreement with the University of Damascus

CEO of Ebdaa Bank, Adeeb Sharaf: The bank has complete flexibility in designing any product that suits students’ needs. Continuing its approach to be an effective mechanism for self-empowerment, the Ebdaa Microfinance Bank signed a cooperation agreement with the Directorate of Technical Institutes at the University of Damascus. The content of the agreement aims to enhance and support joint scientific and training cooperation, link the university with state institutions and society, and achieve integration in the scientific and practical fields. The CEO of the Ebdaa Microfinance Bank, Mr. Adeeb Sharaf, stated that this ambitious partnership with the University of Damascus comes in order to serve the bank’s objectives in financing micro-enterprises, especially those that students wish to start during their studies or after graduation, and in line with the bank’s direction towards expanding the segment of beneficiaries of the package. The loans he provides, explaining that the number of borrowers from the bank has reached 70,000. Sharaf expressed his hope to build a model with the University of Damascus to build bridges of cooperation with academic institutions, reach student assistance, and achieve targeting. He stressed that the bank has a wide range of products that suit the segment of students, new graduates, and project owners, and that the bank has complete flexibility in designing any product that suits them. With the needs of students. The agreement enters into force on the day following its signature by the Supreme Council for Technical Education, and remains in effect for two years. It is noteworthy that the Ebdaa Microfinance Bank works to improve the economic and social conditions for people with limited income and entrepreneurs by providing distinguished financial services that suit their needs, and to be a pioneering, sustainable and socially responsible microfinance bank. It is a Syrian non-profit company established in 2011 by Special Law No. 9. / For the year 2010 in partnership between the Syrian government, the private sector and the Arab Gulf Program for Development (AGFUND).