As demand for microfinance services continues to accelerate across Egypt, the Tadamon Microfinance Foundation has expanded its funding capacity through a new agreement with the Commercial International Bank – Egypt (CIB), raising its total credit facilities to EGP 200 million.
The move is designed to strengthen the foundation’s liquidity position, support portfolio growth, and extend financing to a wider segment of women entrepreneurs nationwide.
Expanding Access to Finance
Mona Zulficar, Chairperson of the Board of Trustees at Tadamon Microfinance Foundation, said the agreement forms part of the institution’s ambitious strategy to broaden its base of beneficiaries.
She noted that increasing the size of credit facilities will enable the foundation to inject additional funding into the Egyptian market and respond to the growing demand for microfinance solutions.
Tadamon continues to focus primarily on empowering women through tailored financial products that support small-scale enterprises and income-generating activities.
Strong Financial Performance in 2024
The foundation demonstrated significant operational momentum in 2024, disbursing approximately EGP 2.4 billion in financing — a reflection of its expanding outreach and strengthened institutional capacity.
Reham Farouk, Chief Executive Officer of Tadamon Microfinance Foundation, said the partnership with CIB Egypt will directly support the execution of the foundation’s strategic growth plans.
“This agreement will play a vital role in helping us reach the largest possible segment of female clients and provide financing mechanisms that address diverse funding needs,” Farouk said.
Diversifying Funding Sources and Enhancing Innovation
Karim Gomaa, Chief Financial Officer of the foundation, emphasized that increasing the credit facility with Commercial International Bank – Egypt aligns with the institution’s commitment to diversifying its funding base.
He added that the agreement will contribute to the development of innovative financial products tailored to different client segments, reinforcing Tadamon’s adaptability in a competitive and evolving microfinance market.
Supporting Financial Inclusion in Egypt
The agreement highlights growing cooperation between commercial banks and microfinance institutions to deepen financial inclusion and enhance access to credit for underserved communities.
By strengthening its capital base, Tadamon Microfinance Foundation aims to scale its social and economic impact, further advancing women’s entrepreneurship and contributing to Egypt’s broader development goals.
