Aid & Development

Civil Society Organisations Hold Microfinancing Workshops in Libya

North Africa

Civil society organisations in Libya are holding micro-financing workshops teaching young people various entrepreneurial trades.

Civil society organisations, namely the Office for Support and Empowerment of Women, which are active in the town of Tamanhint, near the city of Sabha in southern Libya, have organised workshops to encourage young people to design micro-finance projects in view of implementing them locally. 

The young participants were taught how to think up and design micro-finance projects in a thorough manner. The workshops lasted a total of ten days and during this time the youth groups designed four projects: a poultry project for egg production, a palm project for sweets, an oasis vegetable market project, and a natural honey project. These projects presented by high school students are set to be examined by a committee who will assess whether they have the potential to become successful if they are implemented.

Micro-finance has gained prevalence as a method by which marginalised communities with no access to conventional banking are provided with small loans for local business projects. A number of international organisations have been involved in setting up the provision of micro-loans to people living in secluded areas of Libya.

The provision of these loans has gained in importance over the past few years as the political instability in the country has persisted unabated. Young people are feeling neglect on the part of the state, which they believe is not providing enough support in terms of providing employment opportunities. These loans are especially pertinent for those living in parts of Libya that are far from the urban centres in the north of the country along the Mediterranean. This includes areas such as Tamanhint, located in the Fezzan region.

Thus, the importance of the role of civil society organisation in providing these channels to employment opportunities and education cannot be understated at a time when Libya lacks a unified government.