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Microfinance assets are worth EGP 11.5bn 2018, FRA

Tuesday 22 January 2019 10:49 PM

Financial Regulatory Authority
Financial Regulatory Authority


Microfinance balances grew by 62% in 2018 to EGP 11.5 billion.

The number of funding beneficiaries was 2.8 million pounds, through 1849 financing outlets covering most of the centers and governorates of the Republic with growth of 22%.

According to the Financial Regulatory Authority's 2018 report, which was announced at this year's Harvest Conference, women accounted for 68.8% of the total number of beneficiaries by 51% of the total credits granted.