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Jul 29, 2016 11:22 AM ET

Archived: Egypt: A loan of $575 helps Amgad to buy new equipment.

iCrowdNewswire - Jul 29, 2016


Baniswef, Egypt / Motorcycle Repair
Borrower image

Amgad’s story

Amgad is 45, married, and has four children. He has a small motorcycle repair project and is requesting 5,000 EGP to buy new equipment to expand the project and afford his daughter’s marriage expenses. 

This loan is special because:

It contributes to sustainable development in a community with high unemployment. 

Nadia Costanzo
Kiva staff 

More about this loan

This loan is administered by Together Association for Development and Environment, a nonprofit organization working for sustainable community development in Upper Egypt. This loan is part of Together Association’s program supporting entrepreneurs in its community. With this group loan, these borrowers will receive funding, financial and business coaching.

About Together Association for Development and Environment:

Together Association for Development and Environment (TADE) is an Egyptian NGO focusing on economic development in rural communities in Egypt, and is Kiva’s first partner in Egypt.

Due to political unrest and insecurity, socioeconomic conditions in Egypt continue to deteriorate: the unemployment rate among youth has reached 39% and rural-urban income disparities are widening. TADE provides group loans to female entrepreneurs and individual loans to youth to support microenterprises, agriculture and livestock businesses.

A loan of $575 helps to buy new equipment.

Contact Information:


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