Egypt Finalizes Microfinance Law

Oct 2009
Egypt, October, 27 2009 - The Ministry of Investment finalized a law approving the establishing of microfinance companies.

The companies approved are to have a minimal capital of LE 5 million, while they are prohibited from accepting deposits and transferring or exchanging money.

Around 21 million people are expected to benefit from the new microfinance program, according to estimates from the ministry.

Source : ArabFinance

Research Analysis Tools

The fund indexes, institution benchmarks and other market information displayed here are all Symbiotics designed analysis tools, created in-house by our analysts and experts. Symbiotics has one of the oldest track records in microfinance investment analysis dating back to the late 1990s; its indexes and benchmarks have been regularly used as markers by investors, asset managers, financial institutions and practitioners. These, as well as several other research products, are available through the Research Account. Click on the link below to find out more.

Learn More