Al Tadamun Microfinance Foundation launches its first mobile branch in Egyptian market - News Summed Up

Al Tadamun Microfinance Foundation launches its first mobile branch in Egyptian market


Al Tadamun Microfinance Foundation, which works in the field of financing micro-enterprises for women, launched the mobile branch service for the first time in the sector of financing micro, small, and medium enterprises. Mona Zulfiqar, Chairperson of the Board of Trustees of the Foundation, said that this new model for mobile branches represents a new and unique addition that confirms the Foundation’s pioneering role in the economic empowerment of low-income and breadwinner women, expanding the umbrella of financial inclusion and raising awareness of non-banking financial services, to reach those services throughout the Republic. Reham Farouk, CEO of the Foundation, explained that the Foundation launched these branches in order to provide its services on the widest possible scale, reach the various segments of clients, and attract new target groups, while providing financial services to every woman who wants to obtain financing to start and develop her project at the lowest cost and highest quality. Al Tadamun Microfinance Foundation provides many diverse financing products that suit different segments of society for women, which include individual financing products, group financing, family financing, golden financing, and opportunity financing, in addition to non-financial services. The Foundation was recently awarded the Most Innovative Finance Product of 2022 by Global Business Outlook, confirming its leadership in the microfinance activity.


Source: Daily News Egypt April 13, 2023 15:49 UTC



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