IFC Helps Leading Egypt Microfinance Company Build Capacity, Boost Outreach
IFC, a member of the World Bank Group, today signs an agreement with Egypt’s largest microfinance organization Tanmeyah, to help increase its sustainability and boost its outreach to underserved groups across the country.
IFC’s advisory services team will work with Tanmeyah, which commands almost a quarter of the microfinance market in the country through 259 branches, to identify and help rectify any areas of weakness. The two-phase project will include a strategic review of Tanmeyah’s current loan products, an in-depth risk management diagnostic, and a review of its human resources. The findings will inform the second phase of the project, during which IFC will help Tanmeyah implement the key recommendations based on its priorities.