ABA Pumps EGP350mln Finance for Micro Projects in 5 Months

The total value of funds which have pumped by Alexandria Business Association (ABA) for micro finance projects reached around EGP350 million for 105.000 within the first 5 months of this year.

Speaking to Amwal Al Ghad Arabic’s Website, Moataz Al Tabaa, Executive Director of ABA said the Association has granted EGP69million finance in May in compared to EGP72million in April.

ABA eyes injecting new finance worth EGP1.2billion in this year against EGP850million in the last year.

The volume of cumulative loans that issued by ABA for micro Projects reached EGP5billion at the end of first quarter of this year.

ABA is the most beneficial for Query credit service in cooperation with I-Score as the ABA obtained 6.000 Query credit service  monthly.