- Al Tadamun Microfinance Foundation has signed a financing agreement worth EGP 200 million with the Egyptian Arab Land Bank.
- The partnership aims to enhance financial inclusion and promote women’s economic empowerment in line with Egypt’s Vision 2030.
- The foundation currently holds credit facilities with 12 banks and offers a diverse range of financing programs to meet the needs of its clients across various governorates.
Al Tadamun Microfinance Foundation has signed a new financing agreement worth EGP 200 million with the Egyptian Arab Land Bank, aimed at expanding funding for women-led microenterprises across various governorates in Egypt. The agreement supports national efforts to promote financial inclusion and women’s economic empowerment, in line with Egypt’s Vision 2030.
Mona Zulficar, Chair of the Board of Trustees at Al Tadamun, emphasized that the partnership will help introduce innovative financing solutions that support the growth of women’s projects. Reham Farouk, CEO of the foundation, noted that the credit facility will improve clients’ living standards and broaden access to financing.
Karim Gomaa, CFO of the foundation, stated that this collaboration is part of a broader strategy to diversify funding sources through partnerships with 12 banks. He added that the foundation offers a wide range of financial products—including group and individual loans—along with non-financial services to strengthen its performance in the Egyptian market.
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