In a move aimed at strengthening women-led entrepreneurship, Egypt’s Tadamun Microfinance Foundation has signed an agreement to renew a credit facility worth EGP 50 million with the Export Development Bank of Egypt. The deal underscores growing efforts to expand financial inclusion and support microenterprises owned by women across the country.
The renewed facility is expected to scale up access to financing for women entrepreneurs, enabling them to grow their businesses, enhance competitiveness, and contribute more effectively to local economic development.
Aligning With Egypt’s Development Vision
Mona Zulficar, Chair of the Board of Trustees at Tadamun, said the partnership reflects Egypt’s broader national strategy to promote microenterprise development in line with Egypt Vision 2030.
“This collaboration supports providing essential financing to underserved groups, contributing to job creation and improving living standards,” she said.
Zulficar emphasized that the agreement also demonstrates the institution’s continued commitment to women’s economic empowerment through innovative financial solutions that expand financial inclusion.
Strategic Partnerships Drive Growth
For her part, Riham Farouk, Chief Executive Officer of Tadamun, highlighted the organization’s focus on building strategic partnerships with key stakeholders to advance women-led microenterprises.
She noted that the initiative aligns with regulatory priorities set by the Financial Regulatory Authority and the Central Bank of Egypt, both of which have prioritized the microfinance sector as a key engine of economic growth.
The newly secured funding will be channeled into a range of tailored financial products designed to meet diverse client needs. These include individual and group lending, as well as specialized programs such as “Forsah,” “Khotwa,” “Golden Financing,” and family-focused financing for equipment and transportation.
Expanding Financial Inclusion for Women
Karim Gomaa, Chief Financial Officer of the foundation, said the credit facility will support the organization’s strategy to improve women’s access to finance and enable sustainable income generation.
He also pointed to the institution’s strong credit profile and ongoing efforts to diversify funding sources through partnerships with banks operating in Egypt. Tadamun currently collaborates with 11 banks, reinforcing its capacity to expand outreach and serve a broader base of female clients.
Tadamun’s Growing Role for Microfinance in Egypt
Microfinance continues to play an increasingly vital role in Egypt’s economic landscape, particularly in empowering women and supporting small-scale enterprises. By facilitating access to capital, institutions like Tadamun help bridge financing gaps that often limit business growth in underserved communities.
The latest agreement with EBank highlights a broader shift toward inclusive finance models that prioritize women’s participation in the economy—an approach seen as essential to achieving long-term, sustainable development.
