Housing & Development Bank, SFD-Egypt prep for new microfinance contract

The contract is worth EGP25 million ($2.8 million).

  
19 July 2016
Egypt's Social Fund for Development (SFD) is to sign in the coming few days a new financing contract with the Housing and Development Bank (HDB) designated for micro-sized projects.

The contract is worth 25 million Egyptian pounds ($2.8 million) and will be directed to all the firms and associations working in the microfinancing field in Egypt, Nevine Badreldin - Acting Head of Central Sector for Microfinancing - said on Monday.

© Amwal Alghad 2016


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