Commercial International Bank Foundation allocates LE 21 million to support Egyptian clothing bank
CAIRO – June 27, 2022: Following the successful cooperation between the Egyptian Clothing Bank Corporation and the Commercial International Bank Foundation (CIB Foundation) to support the children of the most needy families in the various governorates of Egypt, on the basis of the institutional vision of the CIB, and its belief in the concept and value of social responsibility in supporting the local community, and in line with the direction of the CIB Foundation, which mainly aims to contribute to the development of the society and the advancement of the Egyptian child. A cooperation protocol was signed between the two institutions to complete the permanent cooperation between them in previous years.
The Egyptian Clothing Bank was established in 2012 with the vision of providing clothing to all incapable Egyptians in order to develop those who have the right to obtain appropriate clothing for positive interaction in society. The Egyptian Clothing Bank Corporation is one of the leading institutions specializing in the field of clothing through diversity and innovation to find effective programs to solve clothing problems on a continuous basis in an institutional framework in cooperation with all those concerned with providing clothing on the land of Egypt, in addition to being a leading institution in achieving the Sustainable Development Goals through several factors; the most important of which is the application of a comprehensive recycling system by converting unusable clothing into other suitable clothing, in application of the policy of not wasting by reusing and exploiting waste and converting it into other new products.
The Commercial International Bank Foundation has expressed its willingness to continue participating in the project, which is approved by the Ministry of Social Solidarity, this year also under the name of the “Warmer Winter” project as part of its social responsibility and to encourage public volunteer work. That is why; it granted the Egyptian Clothing Bank Foundation an amount of EGP 21 million, to provide winter clothing and shoes to 100,000 orphans and children from the most needy families in the governorates of (Red Sea – New Valley – Minya – Beni Suef – Fayoum – Cairo – Gizeh). Additionally, the grant covers relief convoys that are launched due to weather conditions or natural disasters, providing 100,000 sets of winter clothing and shoes. It has been taken into account in the production of these sets that they are high quality Egyptian products made with environmentally friendly Egyptian materials in small and medium factories.
It should be mentioned that this program is applied within the framework of the latest scientific methods of measuring the effects on development to meet the basic needs of clothing, in order to achieve the desired results of improving the health of children. beneficiaries, their school attendance and positive interaction, and the resulting impact on improving the effectiveness of their lives.