Mubasher TV
Contact Us Advertising   العربية

Egypt’s microfinance balances jump to EGP 26.1bn in 2019

Egypt’s microfinance balances jump to EGP 26.1bn in 2019
The number of beneficiaries grew by 11.8% to 3.5 million customers

Cairo – Mubasher: The value of microfinance balances in Egypt rose by 47% year-on-year during 2019, head of the Egyptian Microfinance Federation, Mona Zulficar, revealed.

Total microfinance amounted to EGP 26.1 billion last year from EGP 17.7 billion in 2018, Zulficar said in a statement on Tuesday.

The number of beneficiaries grew by 11.8% to 3.5 million customers at the end of 2019, she added.