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Promoting Innovation for Inclusive Financial Access

Sector: Government • Location: Egypt, Arab Republic of

Source: World Bank Group

Project
Closed

The objective of the Promoting Innovation for Inclusive Financial Access Project is to expand access to finance for micro and small enterprises (MSE) in the Arab Republic of Egypt, using innovative financing mechanisms, with a special focus on youth and women, as well as underserved regions. The project comprises of one component, a line of credit to Social Fund for Development, or SFD to finance

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The project “Promoting Innovation for Inclusive Financial Access” is an infrastructure initiative in the Government sector, located in Egypt, Arab Republic of. Taiyo aggregates data on it from World Bank Group.

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Participants

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Status

Original status

closed

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Description

Description

The objective of the Promoting Innovation for Inclusive Financial Access Project is to expand access to finance for micro and small enterprises (MSE) in the Arab Republic of Egypt, using innovative financing mechanisms, with a special focus on youth and women, as well as underserved regions. The project comprises of one component, a line of credit to Social Fund for Development, or SFD to finance MSEs, provided through eligible PFIs. The SFD will be responsible for communicating the features of the loan to the financial institution, appraising, negotiating, overseeing implementation of contracts with banks, and monitoring the quality of the portfolio. PFIs will provide credit, equity participation, and/or convertible debt to MSEs according to the nature of the PFI.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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