Microfinance

Microfinance in Egypt amounts to LE95.5B in Q3 of 2024

Sun, 15 Dec 2024 - 02:58 GMT

The total number of customers reached 4.5 million.

Egypt’s Bedaya Presidential Initiative delivers over 154M services in 3 months

Sun, 15 Dec 2024 - 10:36 GMT

Deputy Prime Minister Khaled Abdel Ghaffar stated Sunday that Bedaya Presidential Initiative delivered 154,077,255 services since its launching in September.

Social Solidarity Ministry, National Coalition for Civil Work join forces to fund women, youth enterprises in Egypt's countryside

Wed, 27 Nov 2024 - 02:34 GMT

Also, disabled individuals will be entitled to apply on the funding programme.

Microfinance in Egypt grows by 19% in 1 year recording LE93B

Tue, 15 Oct 2024 - 01:30 GMT

The funds are provided by microfinance enterprises, NGOs and banks.

Egypt's planning min. discusses 'Macro-Financial Assistance' with EU ambassador

Wed, 14 Aug 2024 - 11:34 GMT

The meeting is the first since the merger of the ministries of planning and international cooperation.

385K micro enterprises in Upper Egypt receive funding worth LE1.17B

Tue, 16 Apr 2024 - 04:10 GMT

The funding was disbursed through 17 NGOs in Asyut, 16 in Sohag, and 15 in Qena.

Egyptian president makes key statements on inflation, regional crises

Thu, 21 Mar 2024 - 02:02 GMT

The statements were made during the Mother’s Day ceremony attended by the president and First Lady Intissar al-Sisi.

Egyptian government unveils new initiative to boost microfinance targeted at women

Sun, 10 Mar 2024 - 02:00 GMT

The Ministry of Social Solidarity launched an initiative to increase the amount of micro loans disbursed to women by Nasser Social Bank (NSB).

Egypt carries out study on microfinance unveiling key facts

Thu, 29 Feb 2024 - 02:05 GMT

Egypt Today spoke to the head of one of the microfinance associations operating in Upper Egypt.

Egypt launches funding programme to irregular workers' enterprises with LE570M

Thu, 10 Aug 2023 - 02:11 GMT

The beginning is with signing cooperation protocols with three NGOs.

Microfinance jumps by 18.4% in Q1 of 2023 hitting LE74.8B

Wed, 12 Jul 2023 - 04:57 GMT

That is compared to LE63.1 billion in the same period last year.

Egypt's expenditure on social care, protection rises to 9.5% of GDP in 2022

Wed, 07 Jun 2023 - 12:36 GMT

Minister of Social Solidarity Nevine al-Qabaj highlighted Tuesday that Egypt's expenditure on social care, protection and development rose to 9.5 percent of the GDP in 2022.

Egypt allocates LE56M to train, microfinance women in Upper Egypt

Thu, 01 Jun 2023 - 01:17 GMT

The Ministry of Social Solidarity revealed Wednesday a project to train women in Menya, Qena, and Luxor governorates on business management, and finance their micro enterprises.

Value of microfinance in Egypt grows by 7.9% in 2022

Mon, 27 Mar 2023 - 03:13 GMT

Zulfaqar equally highlighted that the client base expanded by 10 percent.

Egyptian gov., NGOs partner up to create 50K jobs with funds worth LE36.5M

Mon, 20 Feb 2023 - 02:14 GMT

The Ministry of Social Solidarity signed Monday contracts with 10 NGOs to contribute to the creation of 50,000 job opportunities.

Egypt's 'Takaful wa Karama' to offer microfinance to rural beneficiaries

Tue, 24 Jan 2023 - 11:38 GMT

The Rural Industries Support Fund is finalizing a microfinancing programme targeting Takaful w Karama beneficiaries residing the countryside.

Sovereign Fund of Egypt, Etisalat Egypt launch ‘Erada’ Microfinance

Mon, 16 Jan 2023 - 10:10 GMT

The company enables access to a wide range of financial services to micro and small enterprises.

Financing micro-enterprises in Egypt reaches LE64.6B by end of June 2022

Sun, 28 Aug 2022 - 03:15 GMT

The non-governmental organizations (NGOs) and financing companies working in financing micro-projects from members of the Federation granted LE 31.9 billion to serve 3.8 million customers, while the banking system injected funds (up to LE 20,000) by about LE 32.7 billion, to 778,000 customers by the end of June 2022.

Microfinance in Egypt exceeds LE19B in 2020

Sun, 28 Feb 2021 - 11:09 GMT

FRA indicated in a report, Saturday, that the number of microfinance beneficiaries reached 3.2 million by the end of 2020, up from 3.1 million during 2019.

Microfinance in Egypt grows by 7% in 3rd quarter of 2020

Thu, 31 Dec 2020 - 08:37 GMT

The number of beneficiaries also rose slightly by 0.5 percent.

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