Mona Zulfikar, Egyptian Union of Microfinance Microfinance, continued to achieve incredible growth levels at the end of the third quarter of 2018, with 78% to LE 16.242 billion, compared to LE 9.121 billion at the end of the third quarter of 2017South Westerly
The increase in the value of a credit party has led to a growing increase in the number of micro-investor offers. The user rate fell by 26% to reach 3.030 million at the end of the third quarter of 2018, instead of EGP 2.412 million at the end of the third quarter of 2017.South Westerly
The Chairman of the Board of Directors and Directors has stated that non-governmental organizations and societies have become the leading providers of self-rewarding in terms of value; the foundations of creditors and the beneficiaries. The number of beneficiaries fell by 14% to reach 1.874 million by the end of the third quarter of 2018. The 5.921 billion bill, the credit party stood up by 43% at the end of the third season of the year of year compared to the end of the third 2017 seasonSouth Westerly
Mona Zulfikar said the second-party companies were second for beneficiaries, reaching 808,000 users, up 71% from the same time last year, These companies were third in terms of the value of their departmental party, and # 39; registration 4.702 What is the highest growth rate among all donors for 138% funding compared to the comparable yearSouth Westerly
Banks (with direct funding of less than LE100,000 for individuals and companies) was third in terms of customer numbers, reaching 348,000 at the end of the third quarter of 2018, a growth rate of 16% over the same period of 2017, the EGP 5.619 billion EGP credit patch, 87% growth over comparison timeSouth Westerly
The Chairman of the Board of Directors of the Union revived the steady growth of the mushroom's business cooperating well with a number of stakeholders, including the Central Bank of Egypt, the Financial Regulatory Authority of Egypt , the Small and Medium Enterprise Initiatives Commission, the Credit Institutions Company and the Egyptian Credit Company.