The Egyptian Federation for Micro, Small, and Medium Enterprise Funding, led by Mona Zulficar, announced that the banking sector provided EGP 36.1bn in financing to 810,000 micro-projects until June 2023. The financing companies provided financing services to about 1.8 million customers worth EGP 26.3bn. The banking system pumped financing of about EGP 36.1bn to 810,000 customers. Zulficar also said that six new members obtained a license from FRA to provide financing services for SMEs. They are Tasahil Finance Company, Aman, Tamweeli, AUR Microfinance, Waseela Microfinance, Kredit Microfinance, and El Mobadara Microfinance.
