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Source: الوطن
1 Dayالوطن
Source: الوطن
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The Ministry of Social Solidarity has launched a strategic financial system aimed at empowering disadvantaged families to become self-reliant and achieve economic independence, moving away from reliance on traditional aid. The system includes a range of unconventional financial products, such as microcredit to support projects and entrepreneurship, digital savings and lending through the "Tahweesha" app, and the digitized gold product as a safe and profitable savings method for beneficiaries for the first time. It also encompasses initiatives like employment programs to align skills with labor market needs, transferring productive assets to needy families, supporting the marketing of Egyptian products, and offering innovative micro-insurance products such as Nano Insurance. The goal of this system is to expand financial inclusion through both physical and digital channels, build a unified beneficiary database, facilitate access to services, and provide awareness and financial capacity-building programs to enhance families’ productive capacity and promote sustainable development.
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