Microfinance: How Tanmeyah kicked off an industry
Amro Abouesh, CEO and Managing Director of Tanmeyah
Having served as Executive Advisor for Microofinance at Banque du Caire and then as head of the microfinance and SMEs division at the Bank of Alexandria, Amro Abouesh believed in private sector financing as a means to enable social mobility within the low income sector of society.
By founding Tanmeyah in 2009, Amro effectively launched private microfinance in Egypt and helped bring in Egypt’s leading private equity, commercial and investment banks. Today Tanmeyah sits at the top of the industry with over 270 branches across the country and an EGP 3.5 bn portfolio.
Abouesh walks us through the risk assessment process and his experience navigating policy and legislation to establish Tanmeyah and private microfinance.
Making It is grateful for the generous support of:
CIB, Egypt’s number-one private-sector bank and the partner of choice for CEOs and leaders of businesses at all stages of their growth stories.
The United States Agency for International Development, which has a 40 year history of inspiring Egyptian success in partnership with the Government and people of Egypt.
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You can check out Tanmeyah at tanmeyah.com/en
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