Al Tadamun offers group solidarity lending, exclusively to micro-scale women entrepreneurs with small, individual, and multiple cycle working capitals to improve their enterprises.
The Individual Loan was launched in 2015 to support a diversified range of individual financing products.
The Family Loan for Equipment, Machinery & Vehicles has just been launched as of March 2018. The objective of the new product is to support a diversified range of equipment, machinery and vehicles, such as; sewing machines, photo copying machines display fridges, plastic cutters, tricycles, and motor bicycles. The new product is based on clients' actual needs and repayment capacity.
Al Tadamun started offering a non-financial service to its clients during 2014. This includes the participation in local trade fairs, which is an excellent opportunity for clients to market their products through a new market channel and to expand their network. By end of December 2018, a total of 43 active clients have benefited from this service. Al Tadamun is aiming to expand this service and to participate in more trade fairs to serve a larger number of clients. In conjunction with Al Tadamun client’s service directions, the foundation has taken the initiative to offer non-financial benefits to maintain clients’ satisfaction and loyalty. Al Tadamun planned to incentivize 36 loyal clients a funded summer trip to the clients and their families to Al Maamoura, Alexandria, where Al Tadamun covered both the accommodation and transportation. The clients enjoyed the warm atmosphere of the trip as they felt a sense of belonging to Al Tadamun family. Also Al Tadamun provides clients in each group whereby, in the case of death, the deceased clients’ outstanding loan repayments are written off and a small contribution is made towards funeral costs. This policy is done internally as a benefit for Al Tadamun clients.