SCZONE, Tokyo Metropolitan Government sign MoU on green hydrogen cooperation    Egypt's PM meets Tokyo governor, witnesses signing of education agreements    Egypt's Sisi, France's Macron discuss Gaza ceasefire efforts in phone call    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt expresses 'deep dissatisfaction' to Netherlands over embassy attack    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    At TICAD, Egypt's education minister signs pacts with Casio, SAPIX    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Indian tourist arrivals to Egypt jump 18.8% in H1-2025: ministry data    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Aman penetrates microfinance market
Company begins through four main branches in Cairo, Giza, Mansoura, Assiut, targets 55 branches by end-2019, 150 within five years
Hossam Mounir Published in Daily News Egypt on 08 - 05 - 2018

Aman, one of Raya Holding's companies, has decided to enter the microfinance market as the first company to do so since the issuance of a law to regulate small and microfinance projects in 2014.
Hazem Moghazy, CEO of Aman, said that the company plans to start its activity through four branches in the governorates of Cairo, Giza, Mansoura, and Assiut. The company aims to take that number to 55 branches by the end of 2019, he said, noting that the locations of the existing branches were chosen to be near the target customers and were equipped with the best tools and methods to ensure speed and ease to avoid wasting customers' time.
Moghazy added that the company's branches will be increased to 150 within five years and will spread across the country to ensure offering the company's services to owners of small and microfinance projects.
According to Ahmed El-Khatib, head of the operations sector and managing director at Aman, the company focuses in its strategy on attracting a select group of distinct experts in the field of microfinance, such as major officials and executives. The aim is to build a model to fund the sector's customers with speed and flexibility suitable for the nature of the clients to preserve their time and reduce the burdens on them in reaching the company's headquarters to make payments.
El-Khatib stressed that the company is using its best technologically developed methods to offer its financial services to customers, whether they are individuals or partners in its financing or expansion plans.
He added that the company has based its vision and goals on confidence, innovation, development, and achievement in all the phases of building its financial policy and executive procedures. It aims to ensure full protection for everyone who deals with it, as well as enhance the opportunities for financial inclusion and support the state in creating social and economic development programmes.

Clic here to read the story from its source.