SFD Eyes Pumping EGP680mn for Micro Projects this year

By Salma Ayman On Jun 25, 2014

Social Fund for Development (SFD) is aiming pumping EGP680million for financing micro projects within the current year against EGP600million at 2013-end.

Head of micro-enterprises financing sector at SFD Amany Youssef said the total NOGs which the fund is dealing with are 700 NOGs.

SFD will ink a new contract with Sharkeya Business Association (SBA) worth EGP2.5 million to finance micro projects.

The National bank of Egypt (NBE) signs today a contract with SFD in order to finance micro enterprises worth EGP75 million.