IFC, Al Tadamun Microfinance partner to support women’s small projects in Egypt

The International Finance Corporation (IFC) has signed an agreement with the Al Tadamun Microfinance Foundation in Egypt, to help the institution digitize and expand its services, and support women’s small projects.

Under this agreement, the IFC will assist the Al Tadamun Foundation, which aims to support Egyptian women entrepreneurs who own small projects, by designing and piloting a programme that targets projects and companies run by women and employing one to three employees, which is an important sector in Egypt that receives few services from banks or other formal financial institutions.

The International Finance Corporation will also help the Al Tadamun Foundation develop a five-year action plan to direct expansion and digitization efforts, in terms of customer service, products and channels of communication with customers, which helps the Foundation support a greater number of women.