By: Islam Fadl

Cairo – Mubasher: Al Tadamun Microfinance Foundation is negotiating EGP 200 million loan with two Egyptian banks, CEO Reham Farouk told Mubasher.

During the first six months of 2019, Al Tadamun secured EGP 150 million loans from six banks, Farouk added.

The top official noted that the foundation did not receive loans from any foreign source during the previous period.

In July, the CEO revealed that loans provided to women by the  Al Tadamun rose by 18.85% year-on-year during the first half of 2019, recording EGP 567.18 million.

Translated by: Muhammad Abdul-Wakeel