“Ebdaa Microfinance” boosts its post-pandemic financing services

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

CEO of “Ebdaa Microfinance” Dr Khaled Al Ghazzawi, said that their internal work system is under development to ensure financing services that keep pace with the emerging needs of Bahrainis micro-entrepreneurs and to avoid the negative repercussions of the COVID-19 pandemic on their projects, especially those related to hospitality and transportation.

Dr Al Ghazzawi affirmed that “Ebdaa Microfinance” is also working to complete the procedures for transferring its license from a “bank” to a “company”. Dr Al Ghazzawi added: “Ebdaa Microfinance will work through its new name to boost its marketing identity and its presence in the field of providing easy financing without guarantees for Bahrainis who wish to develop their existing projects or launch new projects that contribute to diversifying sources of income and support economic growth in line with Bahrain Vision 2030.”

“We trust that Bahrain will be one of the first countries around the world to reopen its economy again due to the rapid vaccination process. We believe that it is our duty to be ready to assume our national responsibility and play our role in contributing to the efforts of the esteemed government to restore the economic sector in Bahrain to the path of rapid growth.” “Ebdaa Microfinance” was established under the title of “Bank” in 2009.