Micro Finance for Reconstruction of Post Conflict Countries

There are several examples in which micro finance has been used to bring reconstruction to post conflict countries. One example is the Sudan Micro finance founded in 2004 by the Chemonics International through a USAID funding. This micro finance project assisted South Sudan in various ways as follow:

• Establish a monetized economy
• Strengthen the capacity of local entrepreneurs
• Encourage the repatriation of entrepreneurial skils
• Provide returnees with capital to start businesses
• Peace building and reconciliation through trade

So far, this program had great impact in South Sudan in 2004 to present. It also is paving way for the creation of several commercial banks and ultimately the central bank of Sudan. South Sudan has always been a unique case as it uses several currencies: Ugandan, Kenyan and Sudanese.

Certainly, we shall write more in this area in the future. In Rwanda too IRC and Catholic Relief Service is also doing much in this area.