Message From CEO


Dear Readers,


DSC_2659Let me first wish you all a prosperous Happy New Year, hoping that 2015 will bring along with it happiness, stability and peace to the world.

I have been very privileged to serve Al Tadamun Microfinance Foundation in the role of executive director for the last 11 years, i.e. since its inception in 2003. My eyes were set from the very start on our mission of providing sources of sustainable and inclusive access to finance to those women who had traditionally been impoverished in Greater Cairo slums and run-down areas.

Although Al Tadamun’s performance has dropped in the wake of the Egyptian 2011 revolution, I am determined to lead Al Tadamun back to the pre-revolution trend and become a pioneer microfinance institution in the Middle East, serving one million clients in Egypt by the year 2020.

In September 2013, Al Tadamun signed a three-year partnership agreement with the International Finance Cooperation, IFC in-cooperation with SANAD Fund for Micro, Small and Medium Enterprises to support Al Tadamun to build resilience, diversity and product offering, and enhance institutional capacity. 

By December 2013 with the technical support provided by the IFC, Al Tadamun slightly amended its solidarity group loan product to attract new clients and drop-outs.  There was an immediate noticeable result in the following; (i) For the first time in three years, Al Tadamun’s portfolio grew by almost 25% from LE 34,296,539.33 by the end of 2013 to LE 59,310,995 end of December 2014. (ii) The number of active clients also experienced a likewise increase from 41,550 end of December 2013 to 59,300 end of December 2014. (iii) As a result, the PAR also decreased from 7.6% to 4.5%

Despite these hardships that we experienced in 2011, we, at Al Tadamun, never lost faith in the essence of our mission. And, with the continued support of our partners and donors, whose generous contributions I hereby sincerely acknowledge as basic to Al Tadamun’s wellbeing as well as the resolve of our dedicated 347 strong-staff, we aspire to pick up move forward toward an Egypt that offers more equitable opportunities and achieve participation to all its citizens.



Reham Farouk


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