He added that the company aims to support their customers' businesses by integrating them into the economy, resulting in financial inclusion. 'We have received approvals from five banks with an amount of EGP 200m to fund our portfolio for 2018. The funds are to be utilised to lend very small enterprises and microenterprises,' he explained. Khorched said that Tamweely has established five branches out of out of 13 branches planned in Upper and Lower Egypt. That is in addition to applying the automated movable collaterals register to ensure the safety of the enterprises capital and transfers.

Source: Daily News Egypt September 27, 2018 03:00 UTC