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Microfinance companies funds 807K clients with EGP4.7bln
Amwal Al Ghad Published in Amwal Al Ghad on 22 - 11 - 2018

The Microfinance companies has pumped funds of 4.7 billion Egyptian pounds to finance 807.7 thousand clients during the first 9 months of 2018, Mohamed Omran, chairman of the Egyptian Financial Supervisory Authority (EFSA).
However, the amount of funds injected to 472.5 thousand clients by the end of September 2019 has reached 1.9 billion pounds, Omran added.
Egypt's microfinance activity balance has increased over the third quarter (Q3) of 2018 to register 10.6 billion Egyptian Pounds to 2.681 million clients, Omran noted.
The microfinance activity balance has increased by 73.5 percent in comparison to 6.1 billion Egyptian pounds in 2017
The micro insurance is a key foundation to support microfinance, providing insurance protection to these funds in addition to covering the projects that have received them.

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