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Credit Line to National Bank of Egypt to facilitate access to credit for SMEs

Sector: Commercial • Location: France

Source: Proparco Groupe AFD (Agence Française de Développement)

Project

The credit line offered to NBE refinances credits with a maturity of over 24 months for small and medium-sized enterprises with a turnover of between EGP 1m and EGP 4m (i.e. between EUR 0.12m and EUR 5m). A quarter of the total amount of loans has been allocated to private schools and health structures. Another quarter has been allocated outside Cairo and Alexandria.The financing is combined with

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Project Information

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The project “Credit Line to National Bank of Egypt to facilitate access to credit for SMEs” is an infrastructure initiative in the Commercial sector, located in France. Taiyo aggregates data on it from Proparco Groupe AFD (Agence Française de Développement).

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Participants

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Description

Description

The credit line offered to NBE refinances credits with a maturity of over 24 months for small and medium-sized enterprises with a turnover of between EGP 1m and EGP 4m (i.e. between EUR 0.12m and EUR 5m). A quarter of the total amount of loans has been allocated to private schools and health structures. Another quarter has been allocated outside Cairo and Alexandria.The financing is combined with support to NBE for the implementation of an ambitious in-house training program for staff in charge of the SME activity, assistance for conducting a market study on Egyptian SMEs in order to assess the needs of SMEs and identify the market potential by region and business sector, and a capacity building program for SMEs. This financing tool has provided new development resources and created over 4,200 jobs in 62 Egyptian SMEs in high-potential sectors.

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Source reliability

High

Data quality score

100%

Source

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URL

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