Al Tadamun Microfinance Foundation has officially renewed its credit facility agreement with Banque Misr, securing 200 million EGP to empower female-led micro-enterprises. This strategic move aims to provide women entrepreneurs with the necessary capital to ensure the sustainability and competitiveness of their businesses in an evolving economy.
This collaboration is a key component of a larger national effort to enhance financial inclusion and drive economic growth. Aligned with the policies of the Central Bank of Egypt (CBE) and the Financial Regulatory Authority (FRA), the agreement recognizes the micro-enterprise sector as a primary engine for Egypt’s development.
Mona Zulficar, Chairperson of the Board of Trustees at Al Tadamun Microfinance Foundation, stated that the renewal provides a powerful boost to the foundation’s expansion strategy. She noted that the partnership significantly strengthens the foundation’s ability to reach a wider demographic of women, fostering both economic and social empowerment on a national scale.
Zulficar further emphasized that integrated cooperation between financial institutions is essential for stabilizing and growing the national economy. By injecting fresh capital into the micro-enterprise sector, the foundation is actively creating jobs and increasing production, directly contributing to the goals of Egypt Vision 2030 and global sustainable development targets.
Reham Farouk, CEO of Al Tadamun Microfinance Foundation, explained that the agreement will attract new segments of women entrepreneurs by offering flexible and diverse financial solutions. These tailored products are designed to meet various business needs, ensuring that credit is accessible, fast, and efficient for women across the country.
Farouk highlighted the foundation’s extensive portfolio, which includes specialized programs such as “Individual Financing,” “Group Financing,” “Forsa” (Opportunity), “Khoutwa” (Step), and “Golden Financing.” Beyond capital, the foundation provides essential non-financial services, including technical and administrative support, to ensure that these female-owned projects remain viable and resilient.
Underscoring the foundation’s financial health, Karim Gomaa, CFO of Al Tadamun Microfinance Foundation, noted that the foundation continues to expand its network of banking partners. With a robust financing portfolio and established cooperation with numerous Egyptian banks, Al Tadamun is well-positioned for accelerated growth in the coming period.
Gomaa concluded that diversifying funding sources is a pillar of the foundation’s strategy. This approach enables Al Tadamun to bridge the gap for women who traditionally face challenges in accessing credit, thereby reinforcing the vital role of micro-projects in the Egyptian economy.
