Tanmeyah Micro Enterprise Services

2009

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Tanmeyah is a fast-growing, high-street lender operating on a local level to provide comprehensive microfinance solutions to lower-income business owners across Egypt who would otherwise have no access to the banking sector. Tanmeyah’s formation came about as a solution to a major impediment to the country’s overall development: Despite a young and vibrant population with a well-established and highly developed banking sector, the majority of Egyptians and Egyptian businesses (around 90%) — who are considered small or very small enterprises — remain outside the scope of services of the traditional banking industry. These business owners, many of whom would be considered “un-bankable” by major financial institutions, have been cut off from access to the necessary funding to grow their business, boost employment, scale their businesses, and hence, raise their and their communities’ standard of living. Since its foundation in 2009, Tanmeyah has sought to target and address the financing needs of this under-served yet growing segment of society, as we see their success as being crucial to the country’s economic growth. As a strong believer in this segment and its ambitious, hard-working people, Tanmeyah has seized on an important business opportunity to not only achieve returns on servicing them but provide this segment the means of achieving social mobility and a path out of poverty.