Learn more about the top 10 microfinance figures in Egypt

The network of microfinance providers has been able to easily finance individuals and micro-enterprises, helping to reduce unemployment and improve the incomes of the poorest families. The seventh day presents the top 10 figures of the volume of activity in Egypt.

£ 1.17 billion The size of the microfinance portfolio in Egypt at the end of 2018 has increased by 63%.

2.1 million beneficiaries of the microfinance business with a growth of 25%.

3- 67.7% of beneficiaries of women's microfinance activity are entitled to 50.2% of funding.

LE 6.3 billion The size of the NGO microfinance portfolio in 2018 represents 35.4% of funding.

5.1 million clients benefiting from NGO microfinance portfolio financing in 2018 by 60.5% of the total number of beneficiaries.

6-875,000 beneficiaries in the portfolio of microfinance companies in 2018, with a market share of 27.7%.

£ 7 – £ 5.2 billion The size of the credit portfolio granted to microfinance clients with a market share of 29.5%.

8 to 8 companies offer microfinance activity after the accession of 5 new companies last year.

9 to 386,000 clients benefiting from microfinance granted by banks with a market share of 11.6%.

10 to 6.240 billion pounds The size of the microfinance portfolio of banks by 37% of the financial market.

Microfinance refers to any financing for economic, productive, service or commercial purposes, in all areas and in the value determined by the Board of Directors of the Authority. Microfinance is an essential means of encouraging the contribution of low-income groups to economic activity. By reducing unemployment and helping to improve the incomes of the poorest families, the impact on increasing the volume of investment and employment in the national economy is positive.

According to experiences in different countries of the world, microfinance depends on personal and direct contact between the financier and his clients, as well as the provision of services or value-added services, requiring organized entities to communicate with individuals, entities and microenterprises.

On November 13, 2014, Presidential Decree No. 141 of 2014 regulating the microfinance activity was published in the Official Gazette No. 46. The Commission has begun drafting the executive decisions and controls needed to regulate the business. activity and define the licensing conditions for companies and NGOs.