Agricultural Credit Bank Allocates EGP 180 Mln For Micro-Enterprises

The Principal Bank for Development and Agricultural Credit launches a number of variable kinds of loans and credit facilities to contribute to the development of rural and agricultural fields.

The loan package, slated to be launched in February 2013, includes offering employment loans with value of EGP 180 million through implementing the second phase of the micro-enterprises finance program. The number of beneficiaries of the first phase of the program reached about 42,000.

The bank also launches a package of loans that aims at covering life’s obligations such as education, marriage, clothing and overhaul of agricultural machines.