The total lending value provided in the first half of 2016 was EGP 701.2m to 88,500 micro-projects, and EGP 994.3m to small projects. The service sector’s projects acquired finances worth EGP 304.8m to 11,000 projects and represent 18% of the total projects financed by the SFD. The industrial sector’s projects acquired 10% of the total projects financed by the fund, and freelance project financing is roughly EGP 32.11m for 965 projects. The loans between EGP 50,000 and EGP 200,000 represented 17% of the total and loans of EGP 200,000 to EGP 500,000 accounted for 13%. Loans of EGP 1m to EGP 2m represented 9% of the total projects financed, and loans more than EGP 2m represented only 2%.

Source: Daily News Egypt August 31, 2016 13:52 UTC