ABA’s Total Finance for Micro Projects up EGP427mn

The total finance value of Alexandria Business Association (ABA) for micro projects reached up EGP427 million and about 139 thousand loans made the best use of that finance.

Executive Director at ABA Moataz El Tabaa said the Association is targeting reaching the finance to EGP900 million by the end of 2014.

ABA financed 24.000 loans worth EGP77 million within June and it eyes inaugurate 3 new branches in the ongoing year to have 63 branches by 2014-end, El Tabaa.

The Association is the first beneficiary of the credit information service in collaboration with I-score  as ABA obtains 6.000 services monthly, El Tabaa added.