ABA Funds 94.000 Micro Finance Projects with EGP281mln

The total loans which granted by Alexandria Business Association (ABA) for financing micro finance projects reached around 94.000 loans with EGP281million total value within the first 4 months of the current year.

The funding divides into about 71.00 loans with total value EGP209million during the first quarter of this year and EGP72million for 23.000 loans in last April. Moataz El Tabaa – Executive Director at ABA said.

El Tabaa explained that ABA is aiming pumping EGP1.2billion in the ongoing year, against EGP850million in the last year.

The volume of issued cumulative loans by micr finance projects reached up EGP5billion at the end of March 2014, El Tabaa added.

ABA is the primary beneficiary for to query service credit in cooperation with I-Score.