The Puntland Minister of Commerce, Industry, and Investment visited Himilo Microfinance, highlighting the government’s commitment to economic empowerment.
Garowe, August 20, 2023: The Puntland Minister of Commerce, Industry, and Investment visited the headquarters of Himilo Microfinance in Garowe today, highlighting the government’s commitment to fostering economic empowerment and inclusive growth.
The visit underscored the pivotal role of microfinance in driving socio-economic development, particularly in extending financial services to underserved populations, including women and youth. The Minister engaged in productive discussions with Himilo Microfinance’s management, commending their efforts in providing access to credit and savings, which have empowered countless individuals to pursue entrepreneurial endeavors and improve their livelihoods.
Emphasizing the importance of collaboration between the public and private sectors, the Minister reiterated the government’s commitment to implementing policies and initiatives that facilitate the growth of the microfinance sector. The visit included a tour of Himilo Microfinance’s facilities, where the Minister witnessed firsthand the institution’s transformative effect on local communities.
As the visit concluded, the Minister reaffirmed the government’s support for Himilo Microfinance and similar institutions, pledging to collaborate closely to address challenges and seize opportunities for growth. The visit signals a new chapter in Puntland’s journey towards prosperity and inclusivity, with microfinance emerging as a powerful tool for unlocking economic potential and empowering marginalized groups.