Southern Zone Saving and Credit Scheme
in Eritrea 🇪🇷
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About Southern Zone Saving and Credit Scheme in Eritrea
Southern Zone Saving and Credit Scheme is a microfinance institution operating in the Southern Region of Eritrea. It is part of the broader Saving and Micro Credit Program (SMCP) network that provides financial services to underserved communities throughout Eritrea. The institution focuses on delivering microcredit and savings services primarily to women, small businesses, and entrepreneurs in rural areas.
The institution operates through a village banking model that organizes communities into solidarity groups and village banks. This approach enables individuals without traditional collateral to access financial services through group lending mechanisms.