In Egypt, lending apps boost cash-strapped women business owners

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Updated 30 December 2021
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In Egypt, lending apps boost cash-strapped women business owners

  • While gameyas were long organised informally and offline, they are now being offered through apps in a tech transformation

Nagat Mohamed was in dire straits. After sales at her clothes shop in Egypt's Nile Delta plummeted, she took out a loan from a microfinance company to keep the business going – but did not earn enough to pay that back either.

To escape default, the 43-year-old entrepreneur turned to a traditional money-lending system known as a 'gameya' — revived with a 21st-century twist as an app.

"It was a real lifesaver," Mohamed told the Thomson Reuters Foundation over the phone.

A gameya is a type of community savings pool which also functions as a peer-to-peer loan system.

Members deposit a fixed, equal amount of money into a joint pot every month. At the end of each month, one person is awarded the full amount until everyone has had their turn.

While gameyas were long organised informally and offline, they are now being offered through apps in a tech transformation that is revolutionising financing for Egypt's cash-strapped female entrepreneurs.

One in five Egyptian workers are women, according to the World Bank, many of whom run their own small businesses or home-based initiatives.

That makes it hard to get a loan from banks, which require documentation proving a fixed salary or ownership of a shop.

Microlenders, meanwhile, typically impose exorbitant interest rates of up to 40 percent.

Many online gameyas have no interest rates, and registration requirements are minimal: just uploading an ID, signing a contract in person, and providing monthly income statements.

The apps also let members pay a fee to be among the first in line for a payout, thus letting them settle old debts quickly and avoid taking on new loans with onerous interest rates.

Mohamed turned to an online app called MoneyFellows to help her repay the 15,000 Egyptian pounds ($954) that she owed the microfinance company for her shop.

"Two months ago, I finally paid my loan. I'm joining another money circle to grow my business and fund my daughter's marriage," the mother of three said.

Many of Egypt's women entrepreneurs turned to the gameya model during the pandemic, which hit small enterprises hard.

Three-quarters reported a drop in business in 2020, and 9 percent had to shut down completely, according to a survey by Egypt's Ministry of Planning.

"People are showing growing interest in online savings systems because they are simple, easy to use and come with meagre interest rates," said Ahmed Wadi, the chief executive and founder of MoneyFellows.

The number of women entrepreneurs using the app has risen from about 20,000 before the pandemic to some 150,000, representing about 6 percent of its 2.5 million users.

On average, they took out loans of 12,000 pounds.

Women make up one in three users of another app, ElGameya, typically seeking loans of about 15,000 pounds.

"There was an already existing need for our business," its founder Ahmed Mahmoud Abdeen said.

"Women were already joining offline gameya apps or borrowing from their friends and families to pay their loans or grow their business. We only made life easier for them."

Part of the appeal is the flexibility.

If ElGameya's borrowers want to get their payout within the first four months of the lending circle, they pay a monthly interest rate of up to 9 percent. But if they accept a longer wait, the interest fees are waived.

Amal Abdel Aty, who owns a home utensils shop in the Nile Delta city of El Mahalla El Kubra, said she had been forced to borrow from her friends and sell some of her possessions to meet repayments on two loans she took from microfinance companies.

Her first loan was worth 10,000 pounds at an interest rate of 24 p ercentover 18 months. When she could not pay it, she took out another 10,000-pound loan.

Three months ago, she joined a 12,000-pound lending circle at ElGameya and has already been awarded the full pot, allowing her to pay back the first microfinance loan.

REVIVING OLD SYSTEMS

Gameya loan apps are not regulated, but the central bank is working on a system of authorisation.

The money-lending circles have a long history of boosting access to finances for marginalised communities, particularly in urban areas, according to Yomna El Hamaki, a professor of economics at Ain Shams University.

There is also a religious element.

"In a Muslim society like Egypt, people usually prefer to register for gameyas rather than go to the banks or other financial institutions which offer loans at interest rates that are considered forbidden by many Muslims," El Hamaki said.

And with economies squeezed by the pandemic, they have become an online lifeline for Egypt's budding women business leaders.

"These apps are a buffer for many who got their financials adversely affected by the pandemic," she said.


AI’s shift toward proactive healthcare

Updated 05 February 2026
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AI’s shift toward proactive healthcare

  • Experts reveal how AI is reducing burnout and streamlining workflows

JEDDAH: Artificial intelligence is increasingly moving from the margins of healthcare innovation into its operational core. Rather than replacing clinicians, AI is being deployed to address persistent challenges across health systems, from administrative overload and staff burnout to fragmented data and inefficient patient flow.

Speaking to Arab News, Abbes Seqqat, chief executive officer of Rain Stella Technologies, and Eric Turkington, chief product officer, discussed how AI is already transforming healthcare delivery — and why its impact is most meaningful when embedded directly into clinical workflows rather than treated as a standalone tool.

Seqqat describes AI’s role as accelerating a structural shift in healthcare delivery. “AI is accelerating the shift in healthcare from reactive to proactive care, because AI fundamentally helps detect, analyze and predict,” he said, noting that many health systems lack the resources to perform these tasks at scale.

Abbes Seqqat, chief executive officer of Rain Stella Technologies. (RST photo)

While AI use cases in healthcare are broad, Seqqat emphasized that the most effective applications today focus on operational and clinical fundamentals, including reducing administrative burden, identifying patient risks earlier, and capturing clinical data more reliably and in real time.

RST’s portfolio reflects this approach, spanning surgical data capture and workflow automation, cloud-based electronic medical records, and health information exchange. Across these systems, the common goal is improving data quality and usability so clinicians can spend less time managing information and more time delivering care.

According to Turkington, RST’s systems rely on a mix of established and emerging AI technologies.

RST's Equinox offers a streamlined workflow, minimizing redundant data entry, and also allows for seamless integration with other systems. (RST images)

“Across the portfolio, we are using a wide range of AI and predictive technologies, from voice technology to reliably capture clinician inputs, to large language models that analyze and act on collected data,” he said.

A key focus has been adapting AI to regional and clinical realities. Voice models, for example, have been trained on UAE and GCC accents and grounded in medical terminology to improve accuracy in real-world settings. RST also uses retrieval-augmented generation and multi-agent AI architectures, allowing different AI components to perform specialized tasks such as classifying surgical notes, identifying unusual events, or assisting with billing and coding, Turkington explained.

DID YOU KNOW?

• AI can detect, analyze, and predict patient risks faster than traditional methods.

• Systems like Equinox use voice input and predictive analytics to actively support clinical decisions.

• AI assistants provide real-time updates, automate documentation, and improve coordination in operating theaters.

One of the central concerns around AI adoption is whether it adds complexity to already demanding clinical roles. Seqqat argues the opposite should be the goal.
“For nurses and frontline staff, AI’s greatest contribution is removing the invisible administrative friction that leads to burnout,” Seqqat said.

In operating theaters, AI systems can replace manual coordination methods such as phone calls and whiteboards by providing real-time situational awareness. By automating updates, anticipating delays, and serving as an on-demand clinical notepad, AI reduces cognitive load and allows staff to remain focused on patient care, he explained.

RST’s voice-enabled assistant, Orva, is designed specifically for perioperative environments.

Orva captures live updates through voice input, enabling it to surface delays, flag bottlenecks, and prompt coordination between departments. (RST photo)

Turkington said it enables hands-free documentation and coordination, helping surgical teams manage schedules and resources more effectively.

By capturing live updates through voice input, Orva can surface delays, flag bottlenecks, and prompt coordination between departments. It also assists with documentation and coding, reducing errors and supporting more accurate reimbursement— an area where incomplete records often create downstream challenges.

Electronic medical records remain central to healthcare delivery, but Turkington noted that AI can move them beyond passive data repositories.

Eric Turkington, chief product officer of Rain Stella Technologies. (RST photo)

“We designed Equinox as an EMR that enables you to spend less time with the software and more time with patients,” Turkington said.

Through voice input, automated documentation from visual annotations, and AI-generated pre-visit summaries, the system can actively support clinicians rather than slow them down. Predictive analytics, such as identifying no-show risks or highlighting care gaps, further shift EMRs toward decision-support tools rather than administrative obligations.

Both executives stressed that AI’s effectiveness depends heavily on data access and quality. Seqqat pointed to interoperability as a prerequisite rather than an afterthought.
“AI is only as powerful as the data it can access,” he said, adding that fragmented records limit both clinical insight and system-wide learning.

Health information exchanges, such as RST’s Constellation platform, enable patient data to be viewed longitudinally across providers. AI can then assist with patient identity matching and population-level analysis, allowing trends and risks to be identified across large datasets.

Turkington shared an example from an operating theatre where AI helped prevent cascading delays. When a surgical case ran late, a nurse verbally updated Orva that the patient was ready to exit. The system alerted the recovery unit, analyzed schedule conflicts, and prompted management to reassign staff before delays affected subsequent procedures.

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By tagging the cause of the delay and feeding that data into predictive models, the system helped prevent similar issues in the future — without additional manual coordination.

According to Seqqat, the primary returns from AI adoption come from combining efficiency with financial accuracy. Streamlined workflows allow providers to treat more patients without compromising care, while improved documentation reduces revenue leakage.

Looking ahead, Seqqat sees AI becoming central to Saudi Arabia’s healthcare transformation. He described its role as advancing smart hospitals, predictive patient flow, and precision medicine aligned with Vision 2030 goals.
“The role of AI in Saudi Arabia’s healthcare sector is evolving from a supporting technology to a foundational pillar of the Kingdom’s Vision 2030 transformation. Over the next few years, we expect to see AI move into the realm of smart hospitals, where predictive analytics optimize patient flow and AI-driven precision medicine leverages the Saudi Genome Program to provide hyper-personalized care. By unifying national health data and automating complex administrative workflows, AI will enable a more proactive, value-based healthcare model that improves patient outcomes and operational efficiency across the country.”