Savings and Social Development Bank
in the Sudan 🇸🇩
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About Savings and Social Development Bank in the Sudan
Savings and Social Development Bank (SSDB) is a state-owned specialized development bank in Sudan that focuses on microfinance and poverty alleviation. The bank operates as a social banking institution, dedicating its resources to serving economically active poor populations, small productive sectors, and vulnerable groups in Sudanese society. Unlike traditional commercial banks, SSDB allocates its earnings specifically to support microfinance service provision and social development initiatives.
SSDB is unique among Sudanese financial institutions in its mandate to provide simplified lending conditions and easy collateral requirements to realize principles of social justice. The bank serves as a coordinating mechanism for corporations and organizations operating in poverty alleviation efforts throughout Sudan.