EGP 1.4 billion Fundings « Al Tadamun Microfinance Foundation»

The number of "Al-Tadamun Microfinance Foundation" clients benefiting from the existing financing portfolio witnessed a remarkable growth, as the number of clients recorded about 226,438 clients at the end of last September, compared to 192,041 clients at the end of September 2021, with an annual growth rate of 18%.

Al-Tadamun Microfinance Foundation , the pioneer in the field of financing micro-projects for women, achieved a boom in the volume of funds disbursed during the first 9 months of 2022, as it pumped funds to its clients amounting to about 1.4 billion pounds during the financial period ending last September, compared to about 987 million pounds. During the same period in 2021, a growth rate of 41%.

The performance indicators of the Al-Tadamun Foundation revealed an increase in the number of funds issued by about 31% during the fiscal period ending in September 2022, to reach 70,592 financing, compared to 53,877 financing during the comparative period of 2021, which confirms the Foundation's keenness to expand the availability of funds and support economic activity.

And the Al-Tadamun Microfinance Foundation was able to achieve a growth of about 39% in the value of the active financing portfolio, to reach about 990 million pounds at the end of September 2022, compared to about 710.8 million pounds at the end of September 2021. Significant growth, as the number of female clients recorded about 226,438 female clients by the end of last September, compared to 192,041 female clients by the end of September 2021, with an annual growth rate of 18%.

Reham Farouk, CEO of Al Tadamun Microfinance Foundation, praised the institution's outstanding performance and positive results during the financial period ending in September 2022, which it achieved in light of the current global economic conditions, which cast a shadow on various economies around the world, including the national economy, which showed solidity and ability to withstand external shocks. Significantly.

Reham Farouk explained that these results confirm the foundation's pioneering role in supporting women who own micro-enterprises, given the importance of the small, medium and micro-enterprise sector in supporting the sustainability of economic growth.