Entrepreneurs

“Ebda3 men Masr” is ALEXBANK’s flagship CSR initiative. Launched in 2016 with an aim to support the Egyptian Creative Economy and save diminishing national crafts, “Ebda3 men Masr” has supported more than 5,000 artisans across all Egyptian governorates to date. 90% of our beneficiaries are women, while 60% - 70% are youth. 

As part of Ebda3 men Masr (EMM), ALEXBANK’s sustainability flagship initiative, ALEXBANK designed a microloan product for Egyptian handcrafters in order to further empower them. With competitive interest rates and simplified payments as well as a micro savings account, a debit card and a mobile wallet, the EMM microloan is reflected in ALEXBANK’s efforts in creating a microloan tailored specifically for handcrafters’ needs and the nature of the Egyptian handicrafts sector.

In addition to the financial package, a bouquet of customized non-financial services was designed including: legal advisory services, business skills training sessions, digital marketing training and consulting services, presenting an opportunity to sell and market products on an e-commerce platform. The EMM Micro-loan Proposition is expected to create business value for ALEXBANK in the sense of serving the underbanked handicrafts men and women (aged 21 -65) under EMM who wore not encouraged to borrow under the traditional micro-finance product.

To date, 406 loans have been booked, where 52% of the loan takers are women (209 women).

For more information on the initiative, please click here.

Orange Corners is implemented under the auspices of the Ministry of International cooperation with ALEXBANK a main private partner. The Orange Corners programme provides young entrepreneurs with the necessary training, networks and facilities to start and grow their startups and it is implemented in Upper Egypt by Outreach Egypt Consultancy for Development.

Know more about Orange Corners programme