Economy

The Solidarity Microfinance Foundation will pump financing worth EGP 1.94bn in 2022

Fathi Al-Sayeh

The Solidarity Microfinance Foundation, the pioneer in financing Micro-enterprises for women, for achieving a breakthrough in performance indicators and unprecedented growth rates during the fiscal period ending in December 2021, so that the Foundation continues its role Leadership in supporting economic growth and achieving sustainable development.
240174 The performance indicators of Al Tadamun showed strong growth in The outstanding financing portfolio, which jumped by 14%, to record about 1.076 One billion pounds at the end of December 2022, compared to about 836.605 One million pounds at the end of December 836.
240174 A number of female clients witnessed the establishment Al-Tadamun Microfinance, the beneficiaries of the existing financing portfolio increased significantly by (%), bringing the number of clients to 240174 clients by the end of December 46378, compared to 240174 customer at the end of December 2023.

In support of economic activity, “Al-Tadamun for Microfinance” pumped funds amounting to 1. 94 billion pounds during the year 2021, compared to 1. One billion pounds were pumped in a year 836, with a growth rate of 14 %.
240174 The number of issued financing jumped by 29% during the fiscal period ending in December 2022 to record about 46378 thousand financing, compared to A thousand financing during the financial period ending in December 2021, and in the framework of the keenness of the Solidarity Foundation
240174 Professor / Reham Farouk expressed The CEO of Al Tadamun Microfinance Foundation, expressed her pride in the institution’s outstanding performance during the year 2021, which witnessed a boom at all levels, despite The economic conditions that the world witnessed during that period, which cast a shadow over the Egyptian economy, which in turn showed a great ability to withstand various external shocks.

Ms. Reham Farouk explained that the continued recording of positive growth rates reflects the success of the action plan pursued by Al Tadamun Microfinance Foundation, within the framework of its pioneering role in supporting women who own microenterprises, as well as providing the necessary funds for the growth and development of their projects.
240174 She stressed the importance of supporting the small, medium and micro enterprises sector, which contributes significantly to economic growth, And its role in providing job opportunities, as the Foundation provides various financing programs suitable for all women to support their projects and enable them to expand their activities, which include “individual financing, group financing, family financing, and golden financing,” in addition to non-financial services.
240174 Al Tadamun Microfinance Foundation affirms its keenness to expand, spread and reach the various groups that seek financing, which in turn contributes to expanding the umbrella of financial inclusion, as it The establishment 14 opened a new branch during the past year Total number of branches to 99 branches by the end of a year 2022 spread across the governorates of the Republic, compared with 97 Branch by the end of the year 2021.
240174 Within the framework of Al Tadamun Microfinance Foundation’s keenness to support the state’s plan for digital transformation, and in line with the directives of the Financial Supervisory Authority in this regard, the electronic payment of installments has increased via POS machines to %)% at the end of last December, compared to 112% at the end of December 2021, in cooperation with Fawry, Masary, OPay, Cash Call, and Waqti companies.

and facilitate To the clients, Al Tadamun Microfinance Foundation issued 46378 Meeza card as a “service provider”, in cooperation with the National Bank of Egypt, within a year 46378, compared to 33928 feature card over Public 2021, with the aim of allowing the disbursement of financing to its clients through the “ATM” automated teller machines

240174 The end of the statement – ​​