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Amendment to some provisions of Law No. 201 for 2020 on Microfinance Activity to finance SMEs

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Dr. Omran, chairman of the FRA stated that the amendments issued contribute to the availability of financing SMEs, which represent more than 70% of the structure of the Egyptian economy. He also stated that 3.11 million projects benefited from microfinance activity and pave the way in attracting a variety of SMEs. He added: “We have been keen to have a supervisory umbrella to oversee the financing activity of SMEs.

Source: Daily News Egypt

Source: Dostor

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