MFI ReportPartnerships
| Name | Relationship |
|---|---|
| AKAM | Network Affiliation |
| Planet Rating | Rating |
| Sanabel | Network Affiliation |
Related Organizations
| Name | Relationship |
|---|---|
| Smart Campaign | Endorsement |
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5.0 million17,680282.80.07.5 million0
Mission:
“First Microfinance Foundation, Egypt founded by the Aga Khan Agency for Microfinance is committed to alleviating poverty by boosting socio-economic development within poor and low-income communities. We provide access to financial and non-financial products and services in rural and urban ... Read more
“First Microfinance Foundation, Egypt founded by the Aga Khan Agency for Microfinance is committed to alleviating poverty by boosting socio-economic development within poor and low-income communities. We provide access to financial and non-financial products and services in rural and urban areas. Our primary goal is to support our clients in becoming self-reliant and in improving their living standards. The values of integrity, respect, loyalty and excellence shall guide us in dealing with both our clients and colleagues and shall help us in translating our mission into practice.” Hide
Background and Main Challenges:
For more than 60 years, various agencies of the Aga Khan Development Network (AKDN) have offered microfinance products and services through integrated development programmes and as self-standing microfinance institutions.
These institutions, which are now administered by AKAM, ... Read more
These institutions, which are now administered by AKAM, ... Read more
For more than 60 years, various agencies of the Aga Khan Development Network (AKDN) have offered microfinance products and services through integrated development programmes and as self-standing microfinance institutions.
These institutions, which are now administered by AKAM, contribute to poverty alleviation, economic growth and social cohesion in 12 countries in the developing world. The microfinance programmes, microfinance institutions (MFIs) and regulated microfinance banks have delivered over USD 200 million in loans since their inception.
The AKDN began operations in Egypt through the Historic Cities Program of the Aga Khan Trust for Culture. Microfinance operations began in 2001 under the auspices of the Aga Khan Culture Services Egypt and FMF, formally, began operations in December 2005.
Since inception, FMF has experienced rapid growth. In Cairo, FMF serves Darb al Ahmar, Gameliya and Manshyat Nasser. In the Governorate of Aswan, FMF serves Aswan City, Kom Ombo, Idfu, Daraw and Nasar el Nuba. To date, FMF has disbursed approximately USD $12 million to over 32,000 borrowers. Hide
These institutions, which are now administered by AKAM, contribute to poverty alleviation, economic growth and social cohesion in 12 countries in the developing world. The microfinance programmes, microfinance institutions (MFIs) and regulated microfinance banks have delivered over USD 200 million in loans since their inception.
The AKDN began operations in Egypt through the Historic Cities Program of the Aga Khan Trust for Culture. Microfinance operations began in 2001 under the auspices of the Aga Khan Culture Services Egypt and FMF, formally, began operations in December 2005.
Since inception, FMF has experienced rapid growth. In Cairo, FMF serves Darb al Ahmar, Gameliya and Manshyat Nasser. In the Governorate of Aswan, FMF serves Aswan City, Kom Ombo, Idfu, Daraw and Nasar el Nuba. To date, FMF has disbursed approximately USD $12 million to over 32,000 borrowers. Hide
Address:
43L Jazayer Street, 4th Floor - Right SuiteAwlad Rajab Building, Jazayer SquareMaadi, 11435
Cairo
11435
Egypt
Phone:
+20 2 2517 1557
Fax:
002 02 2 5147 049
Email:
khaled [dot] algazawi [at] akdn [dot] org
Website:
Main Funding Sources:
Loans
Products and Services:
Loans
Insurance
Training and Consulting
Products:
Income Generating Loans – Rural: Agriculture, Animal Husbandry
Income Generating Loans – Urban: Services & Transport, Trading & Commerce, Production Workshops, Professional Services, and Crafts & Arts
Social Loans: Education, Housing Rehabilitation, and ... Read more
Income Generating Loans – Urban: Services & Transport, Trading & Commerce, Production Workshops, Professional Services, and Crafts & Arts
Social Loans: Education, Housing Rehabilitation, and ... Read more
Income Generating Loans – Rural: Agriculture, Animal Husbandry
Income Generating Loans – Urban: Services & Transport, Trading & Commerce, Production Workshops, Professional Services, and Crafts & Arts
Social Loans: Education, Housing Rehabilitation, and Health
*As of January 2008, FMF will provide Death and Disability microinsurance for clients to protect the value of their loan through an agreement with Allianz, the Surety Fund and Planet Finance. The policies will be provided with every new loan starting January 1, 2008 and will cover the term of the loan. The policy covers 110% of the loan amount up to a maximum loan size of 50,000LE. In the unfortunate event of a death or permanent disability, the client's family will receive 110% of the loan value minus the outstanding balance. This service will be provided for no extra charge to the client. Hide
Income Generating Loans – Urban: Services & Transport, Trading & Commerce, Production Workshops, Professional Services, and Crafts & Arts
Social Loans: Education, Housing Rehabilitation, and Health
*As of January 2008, FMF will provide Death and Disability microinsurance for clients to protect the value of their loan through an agreement with Allianz, the Surety Fund and Planet Finance. The policies will be provided with every new loan starting January 1, 2008 and will cover the term of the loan. The policy covers 110% of the loan amount up to a maximum loan size of 50,000LE. In the unfortunate event of a death or permanent disability, the client's family will receive 110% of the loan value minus the outstanding balance. This service will be provided for no extra charge to the client. Hide
Services Provided:
Business Development Services
Other
Looking for (Investment Types):
Equity
Loans in Local Currency
Donations
Guarantees
% Operations Comprised by MF:
91 - 100
Date established:
Jan 1 2004
FYE:
31-Dec
Current Legal Status:
NGO
Regulated:
yes
At a glance
- Assets
- Gross Loan Portfolio
- Equity
Contacts
-
Daniel ThomasRegional Operations Managerdaniel [dot] thomas [at] akdn [dot] org
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Khaled Al-GazawiExecutive Directorkhaled [dot] algazawi [at] fmf [dot] com [dot] eg+20 2 2517 1557
