Al-Kheir Microfinance Company was established as an Egyptian Shareholders Company in October 2021 at the General Authority for Investment (GAFI) under commercial registration number 174103 and licensed end of April 2022 by the Financial Regulatory Authority (FRA) under license number 18/2022 as a Microfinance Institution (MFI) with an authorized Capital of EGP 120 Mn and Paid-in Capital of EGP 40 Mn as of May 2023. Al-Kheir Microfinance Company started its lending operations at the end of June 2022 and currently has 18 branches located in the governorates of Luxor, Aswan, Sohag, Menia, Fayoum, Menoufeya and Kafr El-Sheikh.


Al-Kheir Microfinance Company target groups for lending include, female-headed households and economically active women and youth with a focus on Upper Egypt and rural areas and entrepreneurs (existing and start ups projects) with the main objective of creating jobs, fighting poverty, spreading entrepreneurship awareness and providing capacity-building, supporting handicrafts, providing for an integrated package in microfinance (micro-savings, micro-health, micro Insurance) enhancing financial literacy, financial inclusion and achieving sustainability. An important focus of Al-kheir Microfinance Company is smart green agricultural and organic products projects with a sustainability lens to boost small farmers with microfinance loans.


Al-kheir Microfinance Company believes in strategic partnerships with development partners and established strong partnerships with banks (received credit facilities from the largest banks in Egypt) electronic payment companies and the post offices as important tools in streamlining its operations and achieving good returns on Investment, while maintaining an active and healthy loan portfolio.


Al-Kheir Microfinance Company believes in the importance of its human capital and saves no effort in increasing its staff efficiency through training and career development with a well-balanced organizational structure and strong audit officers for control measures and credit officers for risk assessment and mitigation.