Grameen Foundation : Where we work : Middle East / North Africa : Egypt : Al Tadamun
Al Tadamun
| Status snapshot as of March 2008 | |
| Active clients | 44,216 |
| Loan portfolio (USD) | $4,533,924 |
Al-Tadamun was established in 1996 as a project of Save the Children-USA/Egypt, and works primarily in the Dar-I-Salem and Imbaba areas of Cairo. In 2003, Al-Tadamun began operating under the legal umbrella of the Women’s Health Improvement Association and also became a Grameen-Jameel Initiative partner. Al-Tadamum loans are used for a variety of income-generating purposes including agriculture, shopkeeping, animal husbandry, and other cottage industries.
Outreach:
Al-Tadamun is one of Egypt’s most prominent MFIs, reaching more than 40,000 active clients as of March 2008, with a gross loan portfolio of more than $4.5 million.
Grameen Foundation support:
The Grameen-Jameel Initiative has provided nearly $400,000 in financing to Al-Tadamun. In addition, technical assistance has been provided to help Al-Tadamun achieve operational and financial sustainability, including a visit by Grameen Bank Deputy Managing Director Dipal Chandra Barua in 2004.
Grameen Foundation : Where we work : Middle East / North Africa : Egypt : Al Tadamun
Grameen Foundation uses microfinance and innovative technology to fight global poverty and bring opportunities to the world's poorest people. With tiny loans and financial services, we help the poor, mostly women, start businesses and escape poverty. Our global network of 55 microfinance institution (MFI) partners including our Growth Guarantee partners has touched more than 34 million people in 24 countries. In addition, we introduced and now sustain technology initiatives (Mifos and Village Phone) in Cameroon, Kenya, Rwanda, and Uganda, bringing our total country outreach to 28.
+1-202-628-3560 www.grameenfoundation.org
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