Microfinance Program Sets Up Women’s Political Empowerment

An Egypt Today article reports on CRS programs that help women become economically and politically empowered.

According to the article, “Microfinance loans from the existing CRS program start at LE 500 and can increase over time, with repayment schedules varying according to the circumstances of the borrowers. However, it is not the sum of money that is important. The concept of group lending, that is, loans guaranteed by a group of women who will meet the payments of any member of the group that defaults, prepares borrowers for the political process. Each group must have an elected leader, and each individual has a responsibility towards the group. Democratic concepts are established through microfinance.”

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