ASWAN: In the dusty sundrenched roads of Seil, Ikhlas, a middle-aged mother of three, everyday performs a minor miracle of capitalism.
In this poor section of Aswan, where the smell of manure hangs thickly in streets lined with mud and brick houses, an entrepreneurial spirit thrives.
Ikhlas, a name which means loyalty, stands as proof that initiative in the business arena is not confined to Wall Street or even the powerful cabals that rule Cairo.
Three years ago, Ikhlas grew worried that her husband’s meager salary as a handyman could not sustain her family, so she began to look for employment.
She came across the First Microfinance Foundation, founded by the Agha Khan Agency for Microfinance.
One of Egypt’s leading microfinance organizations, the First Microfinance Foundation has afforded thousands of Egyptians, like Ikhlas, job opportunities where the government has failed to do so.
Complete at the source: Daily News Egypt
Aga Khan Agency for Microfinance
Ismailimail 
The AKDN reaches parts of the world that governments have struggled to do so.However, the AKDN also works hand in hand with governments and other NGO’s, and has set a worthy example to follow.
LikeLike
What type of lending model are they using? Group lending? Village banking? Individual lending?
It is really great to read about the success of various microfinance initiatives.
LikeLike