Tanmeyah is founded and 38 branches are established in Cairo and the Delta, serving 16,000 customers.
Tanmeyah’s network of branches grows to 88 across Egypt, revenues top EGP 28.1 million, and the number of customers surpasses 69,000.
Tanmeyah reacts quickly to the political and economic turmoil of the 25th of January Revolution, retaining its employees by refraining from lay-offs and salary cuts. It increases its invested capital to EGP 50 million, works to reduce loan risk below 5%, and invests in staff training. Remarkably, Tanmeyah grows to 94 branches across Egypt.
Tanmeyah grows to 105 branches across Egypt, primarily through expansion in Upper Egypt, building 10 new branches there. Hiring and training of staff also expands and the number of employees to more than 1,400. The number of customers reaches 80,000 with a loan portfolio value of EGP 247 million.
The value of loans issued reaches EGP 458 million for 70,000 customers, with an outstanding loans value of EGP 285 million.
The value of loans issued skyrockets to EGP 623 million with the issuance of 82,738 loans. Tanmeyah ends the year with 87,500 active borrowers and EGP 380 million in outstanding loans value.
The number of loans issued climbs to 108,203 at a total value of EGP 868 million, accompanied by a notable growth in the number of branches to 114 nationwide.
The number of loans issued reaches 96,631 with a total value of EGP 882 million. The number of borrowers reaches 96,004, serviced through 119 branches nationwide.
The number of loans issued grows significantly to 179,165 at a total value of EGP 2,039 million, while the number of borrowers increases to 166,649 and branches to 150 nationwide.