Fawry Microfinance launched the Tamweelak Fawry mobile app, it is a digital loan request and tracking tool designed to simplify the financing process for existing micro and small businesses by allowing them to apply for loans at the time and place of their convenience.

“We are thrilled to introduce the Tamweelak Fawry app to the Egyptian market. The app marks yet another milestone in our efforts to create a digitalized platform for the market and drive financial inclusion by creating and distributing the most convenient financial tools. With Tamweelak Fawry, we’re one step closer to providing the benefits of accessible, fast, and secure financing for smaller projects in a way that guarantees maximum protection for businesses and individuals, while contributing to the social mission of achieving sustainable growth,” Alexander Levchenko, Fawry Microfinance’s Chief Executive Officer, said.

Tamweelak Fawry offers a loan calculator to help users find the most suitable product for their business needs, with optimal installment schedules making for a uniquely flexible loan request process. The app also offers automatic reminders for upcoming installments and instant updates on the loan’s outstanding balance.