Trust Funds Program

In line with national development plans, to reduce poverty and tackle unemployment, raise the efficiency of charitable societies, and provide additional income for poor families by establishing small income-generating projects, the General Union of Voluntary Societies adopted the establishment of the Trust Funds Program, a microlending program aimed at the poor, people on limited incomes and the unemployed of both genders. The project relies on revolving loans with a form of return (Islamic murabaha) through lending, collection and re-lending in partnership with charitable societies.
Funding body: an interest-free loan from the Development and Employment Fund to the General Union of Voluntary Societies.
Number of beneficiary societies: 90 societies.
Number of beneficiaries: 3,800 beneficiaries.
Implementation area: all governorates of the Kingdom.