Tahiya Misr has already helped build around 12,000 small and medium enterprises with their funding.
The Tahya Misr (Long Live Egypt) Fund has released a statement on Monday, declaring its injection of EGP 50 million into the Nasser Social Bank, which is the third tranche meant to go to the Mastoora project for women's empowerment. The EGP 50 million are part of an EGP 250 million loan.
Female breadwinners between the ages of 21 and 60 are eligible to apply for a soft loan of between EGP 4,000 and EGP 20,000 for their startups.
Tahya Misr's financial Managing Director, Tamer Abdel-Fattah, adds that the “Mastoora project still provides economic opportunities for female breadwinners, who have no permanent income, to cope with the daily burdens,”
The Mastoora initiative has already helped with the birth of around 12,000 small and medium enterprises (SMEs) funded at EGP 189 million, according to Abdel-Fattah.
Minister of Social Solidarity and Chairwoman of tNasser Social Bank, Ghada Wali, confirmed that the bank received EGP 100 million in June from Tahiya Misr, which has funded around 6,438 SMEs.
Main image taken from Egyptianstreets.com