«Real Estate» and Tamweili sign a cooperative protocol to finance small enterprises


Saturday 17 November 2018 – 10:09 PM
| Last Updated:
Saturday 17 November 2018 – 10:09 PM

The Egyptian Arabian Bank has signed a cooperative protocol with a financial company where a company can reach 50 million as it is. first stage to be reimbursed for the funding of minor projects for the most desirable women.
Amr Kamel, Chairman of the Board of Directors of the Arab Territories of the Egyptian Land, said that this protocol is signed according to plans; Bank to expand microbial projects due to the importance of the economic and social importance through its supporting the most needy and needy. Increasing the status of individuals' lives through the funding of specialized companies and non-governmental organizations due to & they are able to reach these groups and explore their needs to implement a sustainable development concept and contribute to the achievement of financial inclusion.
Mr Hussain Abdul Mohsen, Head of Microfinance at Bank, said that it was a strategy. Bank provides credit results that meet the needs of companies and organizations that work in a selective range according to the needs and nature of the customers who are financed.
Amr Aboul Azzam, Chairman of the Tamweely Microfinance Company, has been set up to have a company set up to achieve a development, social and investment part; first step. The aim is to register a & # 39; This protocol could be a arm of the Egyptian Commonwealth Bank to reach the most vulnerable groups, particularly in rural areas. Other collaborative Protocols to reach the target areas with a total of 500 million pounds. The company expects to expand its network of branches to reach over 60 generations throughout the Republic within three years.
Ahmed Khorshid, Managing Director of Tamweely Microfinance, said that signing to this protocol will be Opening new reviews for encouraging its microprinting company and stepping up; assault of the development, social and investment objectives of its company by expanding, expand its activity and the number of activities within the Arab Republic of Egypt.

Source link