Funding of billions of pounds for microprojects

The Industrial Development Bank announced that microprojects funding amounted to £ 1 billion, provided to 70,000 clients, with the aim of securing an appropriate share of the funding for these projects and projects. strengthen the availability of specialized funding programs. .]

Majid Fahmy, head of the Industrial Development Bank, has shown that his bank aims to reach 100,000 clients in various governorates through the "Bashayer Al Khair" project signed with the Small and Medium-sized Authority. Enterprises, which finances civil and microfinance associations and institutions "(19659003) In addition to the signing of a £ 100 million contract with the small and medium-sized enterprise (SME) system, the Bank wanted to strengthen cooperation with the Small Enterprise Development Authority and all Funding Entities

Fahmy stated that his bank played an important role in the development and support of small, medium and micro enterprises in order to achieve the development objectives of the Bank. 39. State and strategic objectives of the bank Financing of small and medium-sized enterprises and micro-enterprises, as well as the important role played by the Office of small business development under the presidency of Nevin Jameh to inject more funds for these vital projects that are the mainstay of the national economy of the state. "

This protocol is the culmination of 13 contracts with the project development agency of a total value of LE 427 million, of which 385 million were disbursed to finance 1050 projects, as well as an updated protocol targeting a set of 100 million LE

Hamdy Azzam, vice president of the Bank, said the renewed agreement would complement the bank's role in supporting small and medium-sized businesses. medium-sized companies and recent successes in this file: 2.6 billion pounds, 200 million pounds and 400 million pounds.

Azzam continued that cooperation with the Small Enterprise Development Authority aims to reach a broad segment young graduates of both sexes and low-income groups and the most needy groups in all governorates to create new horizons, reduce unemployment and create jobs.The state at present and time pushes the national economy.

Source: 7th day
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