Latest in Tag: microfinance Highlight

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Latest in Tag: microfinance

AAIB, SANAD Fund launch Sandah for microfinance in Egypt 

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 …

Hossam Mounir

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 …

Daily News Egypt

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 …

Daily News Egypt

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 …

Daily News Egypt