Egypt’s Beltone increases cap of Cash for Microfinance to EGP500mln

Beltone Financial Holding is set to increase the capital of its affiliate Cash for Microfinance to 500 million Egyptian pounds, the company said on Wednesday.

The plan includes obtaining SME financing activity licence to allow customers to get fundings up to five million pounds for each project. This comes as part of the framework to promote financial inclusion and entrepreneurship.

Cash for Microfinance will finalise its investment plans to partner with a specialised international entity which will ensure women’s economic empowerment.