Al Tadamun provides financial tools and resources that support underprivileged women in Egypt

We at Al Tadamun remain committed to increasing access to the financial tools and resources that underprivileged women need to achieve economic and security and prosperity for themselves and their families.

Al Tadamun
at a Glance

1996

AL TADAMUN
HAD BEEN ESTABLISHED

Al Tadamun Microfinance Foundation started in 1996 as a Group Guaranteed Lending and Saving pilot project developed by the Egyptian field office of Save the Children USA, in partnership with the Women’s Health Improvement Association (WHIA), which is a local NGO. The project was designed to meet the need of underprivileged Egyptian women micro-entrepreneur for a source of finance to set up, sustain and expand projects, thus generating more income for their families.

2003

AL TADAMUN
BECAME AN INDEPENDENT PROGRAM

Al Tadamun became a program running under the legal umbrella of WHIA.

2009

AL TADAMUN
BECAME AN INDEPENDENT FOUNDATION

Al Tadamun became an independent foundation under the legal umbrella of the Ministry of Social Solidarity, under number 573 in March, 22, 2009 in accordance with the provisions of Law No. 84 of 2002 and its implementing regulations.

2015

AL TADAMUN
ADHERES TO EFSA

Al Tadamun came under the supervision of the Egyptian Financial Supervisory Authority (EFSA), in accordance with the microfinance law no. 141 of 2014. During October 2015 Al Tadamun obtained the license no. 1117 for practicing microfinance.

Our Vision

To become every Egyptian woman's address for micro-financial services.

Our Mission

To increase the income of women micro-entrepreneurs in the various governorates in Egypt, in order to improve their quality of life by providing access to sustainable and diversified financial services that suit their needs.

Our Goals

  1. Increase outreach to achieve a higher market share and deeper penetration.
  2. Maintain a competitive edge in the market through continuous improvement for our customer-service.
  3. Develop institutional capacity to continue delivering high quality services in a sustainable and efficient manner

Ever since 2000, I have been privileged to work at Al Tadamun and to see the organization continuously growing throughout the years.

Reham Farouk
Chief Executive Officer

Read More

Dear Al Tadamun supporters, members, clients, friends,

I am proud to announce the launch of Al Tadamun Microfinance Foundation’s new website. This will keep you engaged with our latest news and success stories of our esteemed clients.

Ever since 2000, I have been privileged to work at Al Tadamun and to see the organization continuously growing throughout the years. That is why, I am proud to announce that Al Tadamun closed the year 2017 successfully with a steady grow. We were able to deliver micro loans to 125,000 women in Greater Cairo, Sharkia, Menoufeya, Gharbia and Beni Suef governorates which is a growth of 54% compared to 2016. Equally, the loans disbursed increased from 248,057,500 EGP in 2016 to 489,612,500 EGP in 2017, which is a growth of almost 97%.

As of March 2018, we launched our new Family Loan Product for Machinery, Equipment & Vehicles, where our active clients and new clients can benefit from. The product will include loans for; machinery and vehicles such as; sewing machines, photo-copying machines, display fridges, motor cycles and tri-bikes, etc.

Moreover, more non-financial services will come to life to support our clients in running strong and sustainable businesses that may help to feed their families.

Sincerely,
Reham Farouk
Chief Executive Officer

Our Core Values

  • Trust

    Since our clients trusted us to use our services, we are committed to ensure that our services to our clients are not unethical and deceptive. In providing our services including lending and collection of dues, we are committed to fair practices, which balance respect for client’s dignity and an understanding of a client’s vulnerable situation.

  • Integrity

    To provide low-income clients – women and men – and their families, with access to financial services that are client focused and designed to enhance their well-being, and are delivered in a manner that is ethical, dignified, transparent, equitable and cost effective.

  • Credibility

    To ensure quality services to clients, appropriate to their needs, and delivered efficiently in a convenient and timely manner, maintaining high standards of professionalism based on honesty, non-discrimination and client centricity.

  • Transparency

    To provide complete and accurate information to clients regarding all products and services offered, creating awareness and enable clients and all other stakeholders to understand the Information provided with respect to financial services offered and availed.

  • Respect

    To interact with the clients in an acceptable language and dignified manner and spare no efforts in fostering clients’ confidence and long-term relationship, maintaining decency and decorum during any interaction with the client, scrupulously avoiding any demeanor that would suggest any kind of threat or violence.

  • Belonging

    The atmosphere at Al Tadamun is crucial to our unique way of operating, and we consider all of our employees as part of Al Tadamun family. We reward our staff for hard work by incorporating a policy of recruitment from within and career potential to all our staff. Through internal partnership within Al Tadamun, and in our relationships with Clients and Stakeholders; we believe that the value of a team is far greater than the sum of its parts.

  • Social Responsibility

    We believe that high standards of governance, participation, management and reporting are critical to our mission to serve our clients and to uphold core social values, demonstrating an open-minded approach to understanding our clients and their needs regardless of their gender, age, race, national origin, religion, ethnicity, disability status, or other characteristics; treating all clients fairly and consistently.

President of the Board

Mona Zulficar

Managing Director
Zulficar & Partners Law Firm
President of the Egyptian Microfinance Federation

Al Tadamun Board of Trustees

Vice President & Chairman of the Audit & Risk Committee

Sameh Makram Ebeid

Managing Partner
Fikry Makram Ebeid & Partners

Board Member

Hanaa El Helaly

Managing Director and Board Member of Amwal Financial Investments and Pioneers Holding Group

Treasurer

Issam Mohamed El-Adawi

Management Consultant

Board Member

Tarek Makeen

MIS Advisor

Al Tadamun Senior Management Team

Hala Ali

Finance Director

Graduating from the Faculty of Commerce & Business Administration, Helwan University in 1985, she worked for the Egyptian Kuwaiti Engineer Office in Egypt. She held the position of Accountant for four years. In 1989 she worked as Accountant at National Agricultural Research Project, NARP, a USAID-funded project in Egypt. During 1994 she joined Save the Children – USA – Egypt Field Office as Senior Accountant. She was then posted in 1999 by Save the Children in their office in Jordan as Finance and Administration Manager for three months. During the same year, she held the position of Chief Accountant at NGO Service Center, a USAID-funded project. Since 2001 until present, she has been working as Finance and Administration Director at Al Tadamun Microfinance Foundation in Egypt. Throughout her career, she participated in various training programs locally, regionally and internationally, such as the Boulder Program, CGAP Microfinance Business Planning Program, and Sun System Accounting Package.

hali@altadamun.org

Samhar Momtaz

Human Resources Director

Graduating from the Faculty of Foreign Trade, Helwan University in 1988, he has over 25 of years experience in the international NGO sector. In 1990, he joined Save the Children – US in Egypt as Finance and Admin Coordinator. In 2003, he was posted by Save the Children as Financial and Administration Manager. In 2007, he joined Al Tadamum Microfinance Foundation as Chief Controller. He moved to Qatar in 2011 and worked as Chief Internal Auditor in Qatar Charity Foundation HQ. In 2012, he rejoined Save the Children as Financial and Administration Manager at MCHIP/SMART (USAID funded project). Throughout his career he gained extensive knowledge of various financial experiences. He worked in multi-cultures and inter-disciplinary teams as he worked with Europeans, US citizens, Arabs and Africans. He gained considerable experience with local NGOs, CDAs and CSOs in Egypt and Qatar. In January 2015, He rejoined Al Tadamun Microfinance Foundation as HR Director.

smomtaz@altadamun.org

Engy Essam

IT Director

Graduating from the Faculty of Engineering, Computer Dept, Ain Shams University in Cairo in 2001, she joined the Information Technology Institute Program and completed the System Software Development Diploma in 2002, thus becoming a certified trainer at IBM Egypt. In January 2004, she joined Al Tadamun Microfinance Foundation as MIS Officer. In 2009, she got promoted to become IT Director. In addition, she attended numerous local and international microfinance training courses and MIS TOT courses.

emohamed@altadamun.org

Reham Farouk

Chief Executive Officer

Graduating from the American University in Cairo, AUC, majoring in Business Administration with high honors in 1997, she started her career as a Local Counterpart Consultant for Technopolis – UK. She then held the position of Financial Manager for the Private Sector Development Program, PSDP, an EU-funded project in Egypt. She obtained her Master’s Degree of Business in Administration (MBA) from AUC in 2000. During the same year, she joined Save the Children – USA-Egypt Field Office as Project Officer. Throughout 2001, she was a freelance consultant for CARE-Egypt as well as The Egyptian Small and Medium Enterprises Association (ESMA). Starting 2003 and up till now, she has been certified as a Trainer, Master Trainer, and Resource Person for numerous training courses including Product Development, Delinquency Management and Interest Rate Setting, Making Microfinance Work, and Operational Risk Management at Sanabel, the Microfinance Network of the Arab Countries. In addition, she is a member of the Chartered Institute of Personnel and Development/UK. Since 2001 until present, she has been working as Chief Executive Officer of Al Tadamun Microfinance Foundation. She was recently appointed on the Board of Trustees of Sanabel the Microfinance Network of Arab Countries as Vice President.

rfarouk@altadamun.org

Hatem Arabi

Operations Director

Graduating from the Faculty of Commerce, Cairo University in 1990, Hatem has over 24 years of experience in the fields of accounting, credit and microfinance. He worked as an accountant and legal auditor. He then joined in 1995 a microfinance institution by the name of the Egyptian Society for Small Enterprise Development, ESED for five years. In 1999 he joined Bahgat Group for eight years. He then joined Al Tadamun Microfinance Foundation in 2007 where he held a number of positions such as branch manager, area manager and project manager where he was responsible for launching a range of new products for the organization. This required developing market studies, and understanding clients’ needs. In 2017 he got promoted to become Operations Director and is responsible for the expansion plan of the organization to the Arab Republic of Egypt. He managed in two years to increase the number of branches within the organization from 20 branches to 41 branches.

haraby@altadamun.org

Noha Elsayed

Marketing & Communications Director

Graduating with a BA degree in Mass Communications from the American University in Cairo, in 1992, she has worked for the European Union, USAID, UNDP and consulting firms in Egypt and the UK. Throughout her career, she has been in close cooperation with a powerful network of business related private sector companies, ministries, government agencies, NGOs, donor agencies operating in Egypt and media experts in the Arab region. In 2011, she joined Al Tadamun Microfinance Foundation as Marketing & Communications Director.

nelsayed@altadamun.org

Bishoy Sedhom

Risk Director

Graduating from the Faculty of Commerce, Ain Shames University in 2003, he has started his professional career in September 2003 as Internal Auditor at LEAD Foundation (under USAID sponsorship). He then joined KPMG (Saudi Arabia) in 2006 as Internal Audit Supervisor at the Risk Advisory Section. He provided internal audit, risk & compliance services to multiple clients within different industries in the Middle East and gulf region i.e. Egypt, Kuwait, UAE, Bahrain, Qatar and Yemen. During 2006, he earned the designation of Certified Internal Auditor, CIA from the IIA Institution, Florida, USA. In the mid of 2012 he held his first managerial position as Internal Control Manager at Kuwait Finance House Bank. After 11 years of experience in the risk, compliance and internal audit services, he joined Al Tadamun Microfiance Foundation in September 2014 as Internal Audit Manager and in 2016 became Risk Director.

bsedhom@altadamun.org

Mohamed Safwat

Personnel Manager

Graduating from the Faculty of Alsson, English Literature, Ain Shams University in 1982, he joined Ministry of Communications in Saudi Arabia as a translator till 1996. He then joined Save the Children / USA Egypt Country Office – Cairo Branch as HR and Administration Manager till 2008. He attended numerous local and international training courses in Human Resources. Safwat joined Al Tadamun in 2008 to be its Personnel Manager.

msafwat@altadamun.org

Ahmed El Malky

Internal Audit Manager

Graduating from the Faculty of Commerce & Business Administration, majoring in accounting, English Section, Helwan University in 2005, Ahmed joined KPMG Hazem Hassan Public Accountants & Consultant in 2006 until 2015 where he held an number of positions such as auditor and Supervising Senior. During his nine years in the organization, Ahmed gained experience in reviewing and evaluating the internal control system, preparing audit program, reviewing and auditing financial statement as well as preparing management letters including the related observation and recommendation and audit reports. He then joined Handicap International in 2015 until 2016 as Finance Supervisor. He later joined the Egyptian Financial Supervisory Authority-NGOs Microfinance Supervisory Unit in 2016 until 2017 as Specialist Supervisory and Analyst. His role included inspection and auditing on NGOs (offsite / onsite), analyzing financial statements and other data from NGOs and ensuring compliance with applicable laws and regulations according to law no.141. In July 2017 until to-date, he joined Al Tadamun Microfinance Foundation as Internal Audit Manager. Throughout his career, Ahmed has participated in various training courses such as accounting standards, audit standards, financial analysis and managing microfinance performance managing for improved performance.

aelmalky@altadamun.org

Loay Anwar

Administration & Procurement Manager

Graduating from the Faculty of Commerce, Cairo University in 1987, he has over 27 years experience in the international NGO sector. He worked in the field of hotel Finance From 1989 till 2001. He joined Save the Children – US in Egypt in 2001 as Finance and Admin Officer. In 2012 he was promoted to Administration & Logistics Manager. In 2016 he joined Shabab Masr Association as Internal Audit Manager. In 2017, he joined Al Tadamum Microfinance Foundation as Administration & Procurement Manager until present. Throughout his career he gained extensive knowledge of various financial, logistics and security experiences. He worked in multi-cultures such as Europeans, US citizens, Arabs and Africans. He also gained considerable experience with local NGOs and CDAs .

lhassan@altadamun.org

Latest Rewards News

  • Microfinance Information Exchange, Inc. Certificate of Transparency

  • Citigroup / Sanabel Network Micro-Entrepreneurship Awards

  • Citigroup / Sanabel Network Micro-Entrepreneurship Awards 2011

  • Microfinance Information Exchange, Inc. Certificate of Transparency

  • Sanabel Microfinance Network of Arab Countries’ Performance Award

  • Grameen-Jameel Sustainable Growth Award

  • 2007, 2008 & 2009 MIX Global 100 Composite Ranking of Microfinance Institutions

  • Sanabel Micro-entrepreneur Staff Award

Performance Indicators

During the second half of 2016, Al Tadamun started its geographic expansion beyond Greater Cairo and ended 2017 with a total of 125,006 active clients with a portfolio of EGP 125,243,028,325 million. The quality remains strong with no portfolio at risk.


Key Growth Indicators During 2017

Number of Branches

41

Number of Staff

859

Number of Field Coordinators

432

Number of Loans Disbursed (EGP)

489,612,500

Number of Active Clients

125,006

Gross Outstanding Portfolio (EGP)

243,032,576.25

Outstanding Portfolio Concentrated by Area 2017

Outstanding Portfolio by Product 2017

Outstanding Portfolio by Product

Clients by Sector

Clients by Products 2017

Annual Reports

Al Tadamun Branches