Tanmeyah –Egypt Injects EGP600 mln for Micro Projects within 2014

The Executive Chairman of Tanmeyah Micro Enterprise Services Mr. Amro Abouesh, asserted that Tanmeyah  is aiming to inject new financing with worth ranging between EGP550-600 million for micro project markets within the current year.

Abouesh told Amwal Al Ghad that the financing portfolio reached around EGP300 million during the current phase, and he targets to let the portfolio up EGP400 million by the end of the current year.

He explained that Tanmeyah intends boosting the credit limit from EGP30.000 to EGP100.000 so as to allure various financing categories.

Moreover, he explained that the company will consider inaugurating a numbers of new branches in the second half of this year, in addition to the possibility of studying credit mortgage line to make the best use of the sector’s activity by the upcoming phase.