SMDC History
The Sudanese Microfinance Apex Institution was founded as an Apex institution under 1925 companiesâ law modified 2015
1902
Establishment
The Apex was launched as a development project in July 2008
1928
Base Funding
Within the MDTF and under the trusteeship of the World Bank the Apex was formulated as a facility, and was provided with $10 million as a grant from MTDF. The Central Bank provided the same amount as counterpart fund.
1956
Grant phased out
The Apex was launched as a development project in July 2008, and the grant was effective in 2009 and was phased out in 2013.
2019
Microfinance Strategies
Within the strategy of the Central Bank and guided by the Five Year Economic Program, prepared by (MOFEP), the company prepared a 3 year business plan.