Credit Guarantee Company launches program for SMEs financing in Upper Egypt

LUXOR - 17 March 2022: The Credit Guarantee Company (CGC), owned by the Central Bank of Egypt (CBC), launched new financing program to support the SMEs in Upper Egypt in cooperation with the Egyptian banks.

 

Named "Daman" (guarantee), the new financing program is planned to be launched first in Qena governorate to support the national economy, said CGC managing director Naglaa Bahr on the sidelines of SMEs conference... Egypt Vision 2030, organized by the Union of Arab Banks in Luxor.

 

The program aims at creating more jobs for the youth through easing the financing of projects, either by expanding existing companies, attracting new ventures from outside the governorate, or supporting new startups.