NBE: Exchange rates of key global currencies rates Wednesday 25-11-2020 vs. Egyptian pound    UAE halts new visas to citizens of 13 states: Document    Barcelona benefited from fresh legs in win over Dynamo, says Koeman    EgyptAir to begin operating weekly flight between Hurghada, Budapest on Saturdays    EU says Ethiopia fighting destabilising region, urges ceasefire    UAE's ADGM to sign MOU with Israel's securities authority on fintech    Russia says it thwarted Islamic State attacks in Moscow region, detains one: RIA    PSG revive Champions League chances with Neymar penalty    Youthful Barca take care of Dynamo to seal knockout place    Akhenaten performance at the Cairo Opera House is a must go    An advisory chamber    Golden opportunities    GERD: A point of order?    Leapfrogging the transport network    Steps towards Pan-Africanism    The Egyptian Oedipus    In their footsteps    Cairo International Book Fair suspended for five months over coronavirus concerns    Egyptian Exchange leads COMESA in attracting foreign investments    Orascom-Mitsubishi consortium signs $800m contract for Cairo Metro Line 4    Japan can host Olympics despite virus spike: Tokyo governor    AstraZeneca novel COVID-19 vaccine can be 90% effective, results show    Polling stations open at home for 1st stage of Egyptian parliamentary run-offs    Egypt confirms 358 new coronavirus cases, 14 deaths on Saturday    G20 to discuss post-pandemic world, back debt relief    US will reduce number of its troop in Iraq, Afghanistan    Asia forms world's biggest trade bloc, a China-backed group excluding U.S    Egypt unveils largest archaeological discovery in 2020 with over 100 intact sarcophagi    Palestinians mourn the loss their longtime spokesman, Saeb Erekat    Trump says won't blame Egypt for being ‘upset' over GERD dispute with Ethiopia    1st stage of Egypt's parliamentary elections kicks off on Saturday    Global Finance: Egypt's Tarek Amer among the world's top 20 central bank governors    Legend footballer Lionel Messi says he is forced to stay with Barcelona    Egypt, Ethiopia, Sudan to resume Nile dam talks today    Iraqi conglomerate eyes developing land that housed Mubarak-era ruling party HQ    Legend Messi officially wants to leave Barcelona, hands transfer request    The Facebook Preacher's Search for Fame, and Egypt's Economy    Egypt calls on UNSC to address oil spill risks off Yemen coast    Egypt economically strong in face of COVID-19, reforms ongoing: International Cooperation Minister    Arafa Holding reports $144,000 COVID-19-related losses in April    Egypt's efforts in Libya to activate free will of Libyan people: Al-Sisi    Hyksos campaigns were internal takeover, not foreign invaders: study    COVID-19 affects Egypt sporting clubs    COVID-19 will soon turn to seasonal like swine flu: Presidential Health Advisor    ‘Egypt's Support' coalition convenes to discuss its Senate election list    Robbery attempt leads to discovery of Ptolemaic monuments in Qena    Flouting international guidance, Ethiopia unilaterally starts filling its Nile dam    Zaha speaks out after online racial abuse    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Egypt's Cooperative Insurance Society to cover NGOs clients' loans
Published in Amwal Al Ghad on 19 - 10 - 2019

Egypt's Cooperative Insurance Society (CIS) said on Saturday it has signed insurance cover agreements with two Egyptian non-governmental organisations (NGOs).
The two NGOs are I the Egyptian (Ana El Masry) Foundation and the Egyptian Foundation for Family, CIS managing director Anwar Zekri told Amwal Al Ghad.
At total sum insured of around 42.5 million Egyptian pounds ($2.6 million), the policy will see CIS covering finances and loans granted to these NGOs' clients against credit risks and non-payment, Zekri added.
"Ana El Masry's finances are with total sum insured of 29 million pounds, while the Egyptian Foundation for Family are around 13.5 million pounds," he said.
I the Egyptian (Ana El Masry) Foundation is a non-governmental Organisation registered under the Ministry of Social Solidarity; with the objective of providing and implementing an integrated system approach to support the poor and marginalised families in slums and disenfranchised area.
The foundation adopts the new millennium goals, which seeks to improve the lives of 100 million residents in unsafe areas and slums around the world.
Aligned with state's policy in the development and upgrading of slum areas, the foundation seeks to develop an integrated system to improve the lives of poor families, with a special focus on breadwinner mothers and at-risk children.
Founded in July 2005, the Egyptian Foundation for Family Development is a national non-profit organisation, which aims to the social, economic, and legal rights of family.
The Egyptian foundation considers legal approach and human rights conventions as its constant and principal reference that specifies our vision in both of public and developmental work.
The foundation believes that equality and participation are a right for every one despite the difference in colour or religion or gender. It also gives a special concern to support women issues and family rights.


Clic here to read the story from its source.