Aman for Microfinance, a subsidiary of Raya Holding for Financial Investment, has obtained loans of EGP 650 million during the first eight months of 2019, the company’s managing director Ahmed El Khatib said.
Such loans were offered by the National Bank of Egypt (NBE), Banque Misr, Banque du Caire, Suez Canal Bank, Export Development Bank of Egypt, Housing and Development Bank, Societe Arabe Internationale De Banque (SAIB), and Egyptian Arab Land Bank (EALB), El Khatib told Mubasher.
Aman for Microfinance pumped such funding into several sectors in Egypt, including service, production and commercial sectors, he added.
As for the second half of 2018, the company obtained loans valued at EGP 250 million from a host of banks, he revealed.
It is noteworthy that during H1-18, Aman for Microfinance offered EGP 225 million funding to more than 20,000 customers, El Khatib previously said.