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Development
Path Program.....
(Since September 2006)
Background & Objectives:
This program begin in September 2006 ,
it's objective is to promote clients to the small & micro
credit program
Modalities:
The program adopts “Solidarity Group”
mechanism in loan extension (Individual Loans within a
Group) . Each group consists of three members from the
same neighborhood. The program targets the graduated
female clients from the Blossoms program and also the new
male clients . Loan amounts ranges from 500 to 1500
Egyptian Pounds ($ 88 to $ 263) and are repaid on
bi-weekly installments. Loan term ranges from 15 to 20
installment.
Achievements:
The program have disbursed up
till February 2007 about 2800 loans, with average loan size
about L.E.826 ( $ 145 ) , maintained 100% repayment rate .
Graduation:
Clients of this program could graduate
to join the Small & Micro Credit Program and receive loans according to its regulations and methodology.
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