Latest in Tag: microfinance Highlight

Microfinance goes commercial

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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

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 …

Daily News Egypt

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 …

Daily News Egypt

Innovation in Developing Economies

By Michael R Czinkota and Ilkka Ronkainen Innovation in developing economies is evolving rapidly, but can still improve in terms of marketing. Businesses in emerging economies can make profits and can positively affect the livelihoods of people. In the next generation, multinational corporations can expand to vast un- and underserved consumer groups in developing countries. Executives …

Daily News Egypt

Throughout 2012, Egypt’s Social Fund for Development (SFD) signed a number of contracts with foreign countries totalling $418m. (Photo: Courtesy of Facebook Fan Page)

Microfinance goes commercial

Microfinance, the provision of loans and other financial services involving minute transaction amounts and mainly poor clientele, is making inroads into commercial banking.

Daily News Egypt

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