Al Tadamun Microfinance Foundation, a leading nonprofit lender specializing in microfinance for women, has signed a new credit facility agreement worth EGP 200 million with the Arab Egyptian Land Bank (AELB). The deal aims to expand the foundation’s outreach across governorates nationwide, funding microenterprises led by women.
The partnership aligns with the goals of the Financial Regulatory Authority (FRA) and the Central Bank of Egypt (CBE) to broaden access to microfinance services, a critical pillar in promoting inclusive growth and sustainable development.
A Strategic Alliance for Financial Inclusion
Mona Zulficar, Chairperson of Al Tadamun’s Board of Trustees, emphasized the significance of this collaboration, describing it as “a productive and strategic partnership with one of Egypt’s most established financial institutions.” She highlighted how the agreement will enable the foundation to provide innovative and appealing financing tools tailored to the needs of female micro-entrepreneurs, helping them scale and strengthen their businesses.
“This credit facility will not only enhance our capacity to serve our existing client base but will also support our mission to empower women economically, in line with Egypt Vision 2030,” Zulficar said.
Fulfilling the Needs of Women Entrepreneurs
Riham Farouk, CEO of Al Tadamun Microfinance Foundation, noted that the new financing line will play a key role in delivering more flexible and accessible funding mechanisms. “Our goal is to simplify the financing journey for our clients—Egyptian women striving to improve their livelihoods through small businesses. This partnership allows us to deepen our reach and impact,” she stated.
Farouk also confirmed that the foundation is intensifying its efforts to reach the widest possible segment of women-led microenterprises, reflecting a broader national strategy to boost employment rates and increase women’s economic and social participation.
Diversified Funding to Strengthen Impact
According to Karim Gomaa, CFO of Al Tadamun, this agreement with AELB is part of a broader effort to diversify the foundation’s funding sources. “With this new partnership, Al Tadamun now maintains credit facilities with 12 banks across Egypt’s financial sector, ensuring resilience and scalability,” Gomaa explained.
Gomaa also underscored Al Tadamun’s comprehensive suite of financial products—including group lending, individual loans, family financing, gold loans, and enhanced microloans—as well as its non-financial support services, which help clients manage and grow their businesses effectively.
This latest credit agreement reflects a shared vision between Al Tadamun and the Arab Egyptian Land Bank to support Egypt’s financial inclusion agenda, encourage women’s entrepreneurship, and stimulate grassroots economic activity.
