SFD-Egypt eyes boosting funds by 35% by 2016

By Noha Gad On Dec 22, 2015

Egyptian Social Fund for Development (SFD) targets boosting the volume of finances for Micro, Small and Medium Enterprises (MSMEs) by 30-35 percent in 2016, Secretary General Soha Soliman said Tuesday.

Soliman told Amwal Al Ghad that the total funds of SFD recorded more than four billion Egyptian pounds (US$510.7 million) at the end of October 2015 and the fund aims at boosting them to 5 billion pounds by the end of 2015.