Lead was established as the institution that gives every client the opportunity to move forward by partnering with each client, bringing a professional approach to understanding the client’s business and offering the adequate microfinance services
This program is directed to female-headed households located in disadvantaged areas. This target group has traditionally been found to have less access to credit than any other group.
Magmoaaty is designed to help women on a neighborhood level to start income-generating activities or to expand existing businesses. Loans are extended using the Group Lending Methodology, where individual loans are provided to each member of a group of women. Each group consists of three or five women who together guarantee loan repayment. If one member of the group defaults on the loan repayment, the other members are obligated to repay in her stead.
Magmoaaty’s starting loan size reaches 2,000 EGP, with the potential for subsequent larger loans up to a maximum of 7,500 EGP. If clients demonstrate their efficient use of the loans, are able to expand their business and demonstrate its sustainability, they may be eligible for a loan under the Individual Lending Methodology.
This program is directed at male and female entrepreneurs who conduct their business from a shop either owned or rented and are engaged in productive, commercial, or service activities and who are in need of small loans to enhance their growth potential.
Turning our vision into reality Lead developed this tailored program to suit the needs of ambitious female microentrepreneurs who work from home or manage a shop but do not qualify for Dokani.
The program loan size starts from as low as 1,500 EGP depending on the client's financial performance and needs up to a maximum of 10,000 EGP.
In a small apartment in Dar Al-Salam district Hanaa Fathy a mother of five children works along with her husband Hisham Hussein in Sirma embroidery handicraft, traditionally Sirma is the art of brocading textiles
Nagah and Hoda are sisters who live in El-Sharabeya area, they work together in baking bread, crepe and pastries along with their mother who taught them.
Mohamed Sayed is a husband and father who learned the art of making brooms from his father who considered it as hobby in his free time, but Mohamed took it as a profession. “I used to watch my father making the broom, he considered it a hobby but I took it as a profession because I loved it.”
