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.
Source:
Mubasher