Egypt's SMEDA inks 10 deals with NGOs to finance micro projects

2017-07-13 01:15:24

(MENAFN) Executive Director of the Small and Medium Enterprise Development (SMEDA) witnessed the signing of 10 new deals with NGOs in order to finance micro projects in some governorates.

Moreover, the signing of these deals comes in line with the state policy to support micro-enterprises and offering different financing services to these projects.

Additionally, the new deals worth EGP12.2mn and are financed by the French Development Agency, the Khalifa Fund for Enterprise Development in the UAE and the Saudi Fund for Development.

Accordingly, this funding will benefit 2.635 people in the concerned governorates, while the deals will offer micro-loans up to EGP10.000.

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