About I the Egyptian Microloans
From 8 Micro-loan branches in and around Cairo, the Foundation provides group loans to women based on the Grameen Bank concept of the women in the group guaranteeing each other rather than providing any form of collateral as a guarantee for the loan. The principles underlying this are that women are generally more disadvantaged economically, often with no official papers such as an ID card, much less access to collateral. However, studies have shown that the earnings of women are more likely to improve family wellbeing in general and that of children in particular.
Loans are provided to women in groups of 5 – 6 women in the low income communities who have some type of micro-enterprise income generating activity for which the loan is to be used to help generate additional income from the activity.