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Katherine is a recent graduate from Cal Poly San Luis Obispo where she studied International Business and French. She is currently working at a private equity firm in the San Francisco Bay Area. Katherine loves to travel, and recently spent her summer volunteering in Mauritius.
I work in Advertising Operations at Zillow, but LOVE microfinance. I'm always interested in startups, especially non-profits, reach out to me if you're working on anything cool!
Jason is from Bellingham, Massachusetts, a small suburb between Providence and Boston. He is currently enrolled as an undergraduate student majoring in international business at the University of Massachusetts-Amherst. After working in the commercial and personal loan industry he became interested in microfinancing. When Jason is not working or attending school, he is interested in Boston-based sports teams, meeting new people, and spending time with family and friends. After graduation he plans to work in the personal finance industry while earning his MBA.
Egypt’s National Bank for Development has allocated 200 million Egyptian pounds (about 32 million US dollars) to fund small and micro enterprises. All of these funding programs will be consistent with Islamic banking rules, as NBD is the only bank in Egypt that offers Islamic compliant microfinancing. NBD wants to provide financial services to the segment of the population that does not normally receive this kind of funding. In 1989, NBD was the first bank to launch microfinance in Egypt. Originally with five financing units, the bank has now expanded to thirty-nine financing units. The programs NBD offers range from about 160 USD to over 8000 USD, with repayment in fixed installments without collateral. The end goal of all these programs is to elevate living standards and encourage entrepreneurship. The bank focuses on encouraging local skills and crafts, preserving those that are in danger of extinction, and supporting projects launched by women. Great work Egypt and NBD!