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Mashroak finances over 29k projects in Beheira with EGP 2.7bn

Mashroak finances over 29k projects in Beheira with EGP 2.7bn
These projects have led to the creation of 82,880 jobs

Cairo – Mubasher: The Egyptian National Program for Community, Human, and Local Development (Mashroak) has financed about 29,600 projects in Beheira Governorate with EGP 2.750 billion, the Middle East News Agency (MENA) reported on Wednesday, citing the Governor Hisham Amna as saying.


These projects have led to the creation of 82,880 jobs in the governorate, Amna added.


Mashroak's Executive Director, Akram Makram, said that the program aims at encouraging the youth to build their own investment projects by offering 5%-interest loans for industrial projects, 7%-interest loans for commercial projects, and 12.25%-interest loans for livestock projects through six national banks.