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Solidarity Foundation Raises Credit Facilities with CIB to EGP 200 Million

Details of the Microfinance Convention to support women entrepreneurs and achieve financial inclusion

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Details of the Funding Convention between Solidarity and the World Trade Bank

The Solidarity Foundation for Microfinance signed a new agreement with the World Trade Bank (CIB), which aims to increase credit facilities to Pound200 million, and the News Planet News platform emphasized that this step reflects the confidence of the banking sector, noting that funding significantly supports the enterprise ' s expansionist plans and, in this regard, the News planet is seeking the original site to highlight financial inclusion, which aims to provide liquidity for the successful financing of women ' s projects.

For its part, the President of the Board of Trustees commented on this strategy, stating that the aim was to broaden the beneficiary base of innovative enterprise services; it should be noted that the project contributes to clearly improving the incomes of Egyptian families; according to Kawkab news, the facilities guarantee the immediate infusion of new funds; for its part, the original News Planet is committed to the dissemination of governance and risk management standards, and sustainable growth is indicated as the essence of cooperation with the largest private bank.

Women ' s empowerment road map and project support according to Vision 2030

Reham Farouk, Executive Chairman of the Foundation, expressed pride in this fruitful cooperation, and the News Platform noted that the orientation was consistent with the decisions of the Central Bank, noting that the microenterprise sector was an essential pillar of inclusive development. In this regard, the Convention contributes to supporting the economic empowerment of Egyptian women and, for its part, the Cream Juma, the Financial Director, stressed the importance of diversifying sources of funding. Kawkab news indicated that the Foundation was developing solutions suited to all client segments.

The Foundation offers a variety of programmes such as individual and collective funding and the financing of an opportunity and a step. It should be noted that the list also includes gold finance and the financing of family machines and equipment. In a continuum following the News platform, access mechanisms for the largest segment of women are being pursued. Individual funding is indicated to provide competitive advantages for women entrepreneurs, and for its part, the News planet contributes the original site to promoting awareness of sustainable financing. These national efforts remain a powerful engine for Egypt ' s future vision 2030.

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