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Endowments Minister raises loan installment
Minister of Endowments Osama Al-Azhari has directed an increase in the first installment of the interest-free loan for the fiscal year 2026-2027 to 20 million Egyptian pounds, in response to the rising demand for loans at the beginning of the new school year. The first installment aims to benefit 1,056 recipients with a total of 20.682 million Egyptian pounds, focusing on the most vulnerable groups such as people with disabilities, holders of integrated services cards, recent marriage cases, and families with special needs from border governorates. Additionally, financial support is allocated for widowed women, students, and employees from low-income families, as well as beneficiaries suffering from chronic illnesses and undergoing surgeries. The loan is interest-free and free of administrative fees, payable in up to 10 installments during the fiscal year, with the goal of strengthening social role and community solidarity.
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