ABA Finances 184.000 Projects worth EGP562mln in 7 Months

Big 5

Alexandria Businessmen Association (ABA) total value of finance reached around EGP562million for micro finance projects.

In a statements to Amwal Al Ghad, Executive Director at ABA Moataz El Tabaa said the Association eyes registering EGP900million finance by the end of 2014.

ABA financed 20 thousand and 500 hundred loans worth EGP61million in July, El Tabaa explained.

The Association aims inaugurating 3 new branches during the current year including branch in Sharqiya that will be opened in the ongoing month to become 63 subsidiaries by 2014-end, El Tabaa added.

Furthermore, ABA is the first beneficial for serving Query credit in cooperation with I-Score, as it will get 6.000 Query credit monthly from the company.