By: Islam Fadl

Cairo – Mubasher: The Egyptian Credit Burea “I-Score” is currently considering three European offers to launch “Nano Loans” via mobile phones. 

This service will be launched in the Egyptian market by the first quarter of 2020, in coordination between mobile operators and banks, the company’s executive chairman and CEO, Mohamed Kafafi, told Mubasher.

It is noteworthy that the Financial Regulatory Authority (FRA) has previously allowed micro-funding companies to provide “Nano Loans”.