{"id":639629,"date":"2024-08-12T00:00:00","date_gmt":"2024-08-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/"},"modified":"2024-08-12T00:00:00","modified_gmt":"2024-08-12T00:00:00","slug":"the-father-of-microfinance-finds-a-new-home-in-politics","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/","title":{"rendered":"The father of microfinance finds a new home in politics"},"content":{"rendered":"

The fa<\/strong>ther o<\/strong>f microfinance is shaking up politics in Bangladesh.<\/strong> Muhammad Yunus \u2014 a familiar face to many Enterprise readers as the face and arguably founder of microfinance<\/a> \u2014 is now making headlines as Bangladesh\u2019s interim leader following protests that led to the resignation<\/a> of Prime Minister Sheikh Hasina. <\/p>\n

Yunus is a household name across the globe as the face of microfinance. <\/strong>Fans of Yunus \u2014 who refer to him as the banker of the poor \u2014 claim that his founding of the Grameen Bank in 1983 transformed the way that we approach development and opened up the way for people across the globe to lift themselves out of poverty. Many point to Yunus winning the Nobel Peace Prize in 2006 for making microfinance mainstream and spreading the idea across the globe \u2014 including here in Egypt.<\/p>\n

But what is microfinance exactly? <\/strong>Microfinance is about providing small loans \u2014 sometimes of only a few USD \u2014 and other financial services to people that don\u2019t have access to traditional banking. Supporters of microfinance claim that it helps individuals in low-income and underserved communities grow and start small businesses, better manage household finances, and deal with unforeseen circumstances, which in turn promotes economic development and tackles poverty.<\/p>\n

Yet Yunus\u2019s model faces criticism.<\/strong> Some argue that microfinance\u2019s high-interest rates can trap borrowers in debt, and research on the effectiveness of microcredit is mixed, suggesting it doesn't always have the desired effect. With private sector players also starting their own microfinance operations alongside NGOs and government-supported projects, critics claim that some microfinance providers are prioritizing profit over social impact.<\/p>\n

\n

\n

Apple\u2019s AI demonstration failed to inspire investors and comfort consumers.<\/strong> In case you missed it, a thirty minute presentation by the tech giant over the weekend showcased their Apple Intelligence tech, focusing on its applications to Siri, calendar, and emoji\u2019s successor, Genmoji. The company\u2019s stock price fluctuated wildly<\/a> during the demonstration, peaking when CEO Tim Cook mentioned AI for the first time. But interest dropped sharply after, and Apple shares closed the day with a 1.9% dip in stock price, settling at USD 193.12 at the end of the day.<\/p>\n

Lofty AI promises are the way to investors\u2019 hearts, and Apple chose to be practical.<\/strong> Apple has been the last of Silicon Valley\u2019s major players to hop onto the AI bandwagon, with this demonstration marking their largest effort to join in. This may have been awful timing on the company\u2019s part, with investors reportedly falling out of love with AI<\/a> investment, and Wall Street questioning whether or not the industry will ever be profitable. Instead of an AI takeover, Apple presented AI integration into its software, perhaps underwhelming bigwigs used to a more creative \u2014 and perhaps contrived \u2014 imaginations when it comes to the potential of AI use.<\/p>\n

Despite Apple\u2019s attempts to temper consumer concerns over AI, many were <\/strong>unconvinced. <\/strong>Recent studies have found that mentioning AI in marketing copy has been hurting sales<\/a>, pointing towards hostile consumer sentiment in the face of the growing industry. Earlier this year, Apple\u2019s iPad Pro commercial (watch, runtime: 1:08<\/a>) was testament to how Big Tech was failing to read the room \u2014 watchers saw the destruction of instruments, art, arcade games, and books to signal the maliciousness of AI and its intent to replace and\/or destroy human creativity.<\/p>\n

Privacy, please: <\/strong>Consumers don\u2019t trust tech companies with their data. It\u2019s no secret that AI is built<\/a> on scraping human data, work, and information from across the internet, typically without consent. Apple assured the audience that most of its AI operations will run \u201centirely on device,\u201d and that those that don\u2019t will store information on a \u201c private cloud computer<\/a>,\u201d ensuring that Apple servers will never keep \u2014 and more importantly, never share \u2014 data. Despite their promise to set new privacy standards<\/a> for AI and \u201capply this technology in a responsible way,\u201d according to Cook, users remain skeptical.<\/p>\n","protected":false},"excerpt":{"rendered":"

Muhammad Yunus won the Nobel Peace Prize in 2006 for his work in microfinance<\/p>\n","protected":false},"author":1,"featured_media":639630,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[633,638,311],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-639629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-enterprisepm","tag-for-your-commute","tag-microfinance","wpautop","entry"],"acf":{"mongo_id":"2f7fbe7e-bb70-4d04-95de-a54cb0ea00a0","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/972.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[639624],"teaser":"Muhammad Yunus won the Nobel Peace Prize in 2006 for his work in microfinance","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.f8213bd9-80f8-49e8-9f11-d69433dd8e4a.mp3"},"yoast_head":"\nThe father of microfinance finds a new home in politics - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The father of microfinance finds a new home in politics\" \/>\n<meta property=\"og:description\" content=\"Muhammad Yunus won the Nobel Peace Prize in 2006 for his work in microfinance\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-12T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/972.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"The father of microfinance finds a new home in politics\",\"datePublished\":\"2024-08-12T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/\"},\"wordCount\":660,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/972.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterprisePM\",\"FOR YOUR COMMUTE\",\"microfinance\"],\"articleSection\":[\"FOR YOUR COMMUTE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/\",\"name\":\"The father of microfinance finds a new home in politics - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/972.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-08-12T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/972.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/972.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The father of microfinance finds a new home in politics\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The father of microfinance finds a new home in politics - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/","og_locale":"en_US","og_type":"article","og_title":"The father of microfinance finds a new home in politics","og_description":"Muhammad Yunus won the Nobel Peace Prize in 2006 for his work in microfinance","og_url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2024-08-12T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/972.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"The father of microfinance finds a new home in politics","datePublished":"2024-08-12T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/"},"wordCount":660,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/972.jpg?fit=%2C&ssl=1","keywords":["EnterprisePM","FOR YOUR COMMUTE","microfinance"],"articleSection":["FOR YOUR COMMUTE"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/","url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/","name":"The father of microfinance finds a new home in politics - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/972.jpg?fit=%2C&ssl=1","datePublished":"2024-08-12T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/972.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/972.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/the-father-of-microfinance-finds-a-new-home-in-politics\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"The father of microfinance finds a new home in politics"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/972.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/972.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/972.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":567255,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/house-smes-committee-approves-microfinance-act\/","url_meta":{"origin":639629,"position":0},"title":"House SMEs Committee approves Microfinance Act","author":"enterpriseam admin","date":"16 January 2020","format":false,"excerpt":"LEGISLATION WATCH- House SMEs Committee approves Microfinance Act: The House SMEs committee approved the six amendments to the 2014 microfinance law proposed by the Financial Regulatory Authority, paving the way for a general assembly vote within days, according to Al Mal. The legislative amendments would bring dedicated SME lenders, including\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":563951,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/kudos-tamweely-microfinance-recognized-at-2021-global-economics-awards\/","url_meta":{"origin":639629,"position":1},"title":"Kudos: Tamweely Microfinance recognized at 2021 Global Economics Awards","author":"enterpriseam admin","date":"29 July 2021","format":false,"excerpt":"KUDOS- Tamweely Microfinance was recognized as the fastest growing microfinance company at the 2021 Global Economics Awards, the company said in a press release (pdf).","rel":"","context":"In "Kudos"","block_context":{"text":"Kudos","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/kudos\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549036,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/egypts-first-islamic-microfinance-license-goes-to-maksab\/","url_meta":{"origin":639629,"position":2},"title":"Egypt\u2019s first Islamic microfinance license goes to Maksab","author":"enterpriseam admin","date":"31 August 2022","format":false,"excerpt":"Little known company aims to push into Islamic microfinance in Egypt: The Egyptian Microfinance Company (Maksab) has become the first local player to get a license from the Financial Regulatory Authority (FRA) to provide sharia-compliant microfinance. The move comes as part of the regulator\u2019s drive to increase financial inclusion by\u2026","rel":"","context":"In "Finance"","block_context":{"text":"Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/450.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563129,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/mohamed-mashour-to-head-microfinance-at-ekh\/","url_meta":{"origin":639629,"position":3},"title":"Mohamed Mashour to head microfinance at EKH","author":"enterpriseam admin","date":"20 June 2021","format":false,"excerpt":"Egypt Kuwait Holding has appointed Mohamed Mashour as managing director of the company\u2019s microfinance business, according to Hapi Journal. Sources tell the newspaper that Mashour started in his role in mid-June. Mashour was previously the chairman and CEO of CI Capital\u2019s microfinance subsidiary Reefy, and has 30 years of experience\u2026","rel":"","context":"In "Moves"","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599583,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/03\/egypt-post-could-be-about-to-get-into-the-microfinance-game\/","url_meta":{"origin":639629,"position":4},"title":"Egypt Post could be about to get into the microfinance game","author":"enterpriseam admin","date":"3 January 2019","format":false,"excerpt":"Egypt Post could be about to get into the microfinance game: The ICT Ministry is planning to introduce microfinance services through Egypt\u2019s postal offices, minister Amr Talaat said, according to Al Mal. No further details were provided on the timing or specifics of the system. The number of microfinance borrowers\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575423,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/14\/microfinance-act-amendments-that-bring-smes-under-legislation-signed-into-law\/","url_meta":{"origin":639629,"position":5},"title":"Microfinance Act amendments that bring SMEs under legislation signed into law","author":"enterpriseam admin","date":"14 October 2020","format":false,"excerpt":"LEGISLATION WATCH- SME lenders are now subject to the Microfinance Act now that President Abdel Fattah El Sisi ratified amendments to the law yesterday. The amendments raise the maximum value of a micro-loan to a single company or project to EGP 200k from EGP 100k, according to a summary of\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/639629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=639629"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/639629\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/639624"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/639630"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=639629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=639629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=639629"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=639629"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=639629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}