Grameen Foundation : Where we work : Middle East / North Africa : Egypt : RADE
RADE
| Status snapshot as of March 2008 | |
| Active clients | 12,677 |
| Loan portfolio (USD) | $2,259,647 |
| Portfolio At Risk >30 days* | 4.6% |
| * Value of all loans outstanding that have one or more installments past due more than 30 days | |
RADE began providing microcredit loans in 1997 with the help of Catholic Relief Services. It is based in Sohag, one of Egypt’s poorest areas. RADE became a Grameen-Jameel partner in 2003.
Outreach:
RADE reaches more than 12,000 active borrowers with a loan portfolio of more than $2.2 million. Its goal is to reach more than 50,000 active clients by 2010.
Grameen Foundation : Where we work : Middle East / North Africa : Egypt : RADE
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
You can help