Latest in Tag: microfinance Highlight
Latest in Tag: microfinance
EBRD boosts support to Egypt’s microfinance sector
Bank announces new loan for TMES under its WiB programme
Banque du Caire, MSMEDA sign EGP 500m microfinance contract
Banque du Caire’s microfinance portfolio reaches EGP 6.5bn benefiting 240,000 customers, targeting EGP 7bn by year-end, says Fayed
CBE issues new regulations for microfinance in banks
Excluding credit portfolios purchased from micro finance companies or associations in 20% allocated to SMEs from loan portfolios at banks
Microfinance balances increase to EGP 13.79bn end-June: FRA
Funding increased by EGP 4.04bn in a year, clients up 14.1%
Tamweely Microfinance increases capital to EGP 75m
Company targets expansion to 40 branches by year-end, 60 branches by 2020, says chairperson
Microfinance portfolio in banks reaches EGP 6.94bn in Q1 of 2019
NGOs rank first in terms of number of beneficiaries
Tamweely negotiates with 4 banks for supplementary financing of EGP 400m
Company injects EGP 700m of micro loans to 40,000 clients through 38 branches in 11 governorates
Egypt’s microfinance market grows by over 100% y-o-y: EFG Finance Holding CEO
Cash comes at high cost of 1-1.5% of GDP, so going cashless drives real growth, says Mastercard MENA president
Largest share of microfinance contributors in 2018 are Women
Women are 67.7% of microfinance’s beneficiaries in Egypt
IDB grants EGP 50m to Tamweely Microfinance to re-lend to projects for low-income groups, most vulnerable
MSMEs portfolio reached EGP 3.4bn, EGP 750m in pipeline: Fahmy
EALB grants EGP 50m to Tamweely Microfinance to fund micro-enterprises
Protocol is part of EALB’s plan to expand in microfinance for their socio-economic importance, says Kamal
Egypt’s microfinance portfolio reaches EGP 15.6bn in Q2 2018: EMF
Active customer base in sector increased by 33% in Q2 2018, says Zulfikar
Microfinance activities in Egypt grow by 76% to reach EGP 9.75bn in Q2 2018: Omran
Egypt’s microfinance activities continued to grow to reach EGP 9.75bn by the end of the second quarter (Q2) of 2018, marking a 76% increase compared to EGP 5.5bn in the same period last year, Egyptian Financial Regulatory Authority (FRA) Chairperson Mohammed Omran announced on Tuesday. Omran added that the growth was accompanied by an increase …
IDB signs protocol with SMEDA to provide microfinance services
Bank aims to access 100,000 clients to provide jobs, curb unemployment
Egypt’s microfinance portfolio reaches EGP 13bn by end-Q1 2018: EMF
Banks total active microfinance portfolio at EGP 4.5 bn, 312,000 active customer, according to EMF
AAIB, SANAD Fund launch Sandah for microfinance in EgyptÂ
Egypt’s newest microfinance lending institution, Sandah, was launched in Cairo on Tuesday with EGP 155m in capital. Its main founding shareholders—the Arab African International Bank (AAIB) and SANAD Fund for MSME (SANAD)—celebrated the launch of Egypt’s newest microfinance company. SANAD Fund’s expansion in the Egyptian market is a testament to the international financial institutions’ confidence …
Aman penetrates microfinance market
Company begins through four main branches in Cairo, Giza, Mansoura, Assiut, targets 55 branches by end-2019, 150 within five years
NBE aims to boost microfinance portfolio to EGP 4bn by 2020: deputy chairperson
Microfinance portfolio reached EGP 3.5bn end-March, says Aboul Fotouh
IFC to support DBACD in effort to grow microfinance in Egypt
The International Finance Corporation (IFC) will support the Dakahlya Businessmen Association for Community Development (DBACD) as it scales up its lending operations and caters to borrowers who seek larger loans, according to a press statement issued on Sunday. The IFC, a member of the World Bank Group, said it will provide advisory services to a …
Egypt’s microfinance portfolio reaches EGP 11.12bn at end-2017
The value of Egypt’s microfinance portfolio reached EGP 11.12bn at the end of 2017, versus EGP 6.66bn in 2016, according to Mona Zulfikar, chairperson of the Egyptian Union of Microfinance. She said the active customer base in the sector increased by 26% in 2017 to reach 2.53 million clients compared to 2 million at the …
SMEDA’s microfinance balance reaches EGP 7.12bn
The microfinance balance at the Small and Medium Enterprise Development Authority (SMEDA), formerly the Social Fund for Development, is estimated to have reached EGP 7.12bn at the end of 2017 compared to EGP 4.48bn at the end of 2016, according to Nevine Badr El-Din, head of the central sector of microfinance at SMEDA. Badr El-Din …
El Zeny calls on businesswomen to benefit from microfinance, financial inclusionÂ
Nour El Zeny, general manager of corporate communication at Suez Canal Bank and lecturer at the American University in Cairo (AUC), called on businesswomen to take advantage of the CBE’s initiative of financing small and medium enterprises (SMEs) with a low interest rate and to set up bank accounts for their employees to benefit from …
SMEDA signs cooperation agreements with 14 NGOs in microfinance field
We seek to encourage establishment of microenterprises, with aim of improving living conditions, providing more job opportunities, says Gamea
EGP 6.1bn microfinance volume in Q3 2017
Egypt’s microfinance volume has registered EGP 6.1bn in the third quarter (Q3) of 2017, according to official figures released by the Egyptian Financial Supervisory Authority (EFSA). The new figure registers an increase of 10% when compared to Q2. The number of beneficiaries from microfinance initiatives recorded 2.1 million individuals through industrial, service, handicraft, and commercial …
2.2 million clients received microfinance by end-September 2017
The number of clients who obtained microfinance services reached 2.2 million by the end of the third quarter of 2017, according to Shahinaz Rashad, head of the Financial Services Institute affiliated with the Egyptian Financial Supervisory Authority (EFSA). She explained that ladies acquire 70% of these funds, praising the role that the microfinance law played …
How to get microfinance from Banque Misr
Banque Misr serves micro entrepreneurs through 197 branches nationwide
1.33 million female beneficiaries of microfinance in Q1 2017
Female beneficiaries of microfinance constitutes 66% of total clients, says Sami
Banks obliged to separate microfinance from retail loans
Trial project between civil associations and banks to benefit from digital services in obtaining financing and instalment payments, according to the CBE governor
1.8m people benefited from microfinance loans until the end of 2016: Samy
Volume of funding provided by these bodies increased to EGP 4.5bn, trade activity among the top beneficiaries, says EFSA chairperson
Law controlling work of microfinance companies encourages banks to finance them: Ghada Waly
The CBE’s initiative supports these bodies before international financing institutions, young people and women are the largest benefiters