Aggregated News From Investment Management Regulators

The Value of microfinance activity was 7.1 billion Pounds by the end of 2017


Please complete the required fields.

• The market share of microfinance companies has achieved growth and competition among associations and NGOs
• 68.5% of beneficiaries of microfinance activity are females

Dr. Mohammed Omran -FRA’s Chairman asserted that microfinance activity continues “to achieve positive results in the last three years after the promulgation of Microfinance Law. For the first time, the value of  the activity have reached more than 7.12 billion pounds by the end of 2017 with a growth rate of 59% compared to the same period of 2016 which was amounted to more than 4.49 billion pounds.

The growth in the value of the microfinance portfolio was positively reflected in the number of beneficiaries to reach 2.260 million beneficiaries with an increase of 24% by the end of 2017, compared to the number of beneficiaries by the end of 2016 which reached 1.8 million clients.

By the end of last year, the map of financed commercial activities has shown that the commercial activity was on the top of the list with a market share of 61.4% and  financing value of 4.37 billion pounds where the number of beneficiaries reached 1.51 million clients . On the other hand, services activity came in second place with a market share of 17.55% , a total value of 1.24 billion pounds and a total of 301.63 thousand clients.

 Then Agricultural activity came in the third place with a market share of 13.6% and  financing value of  968 million pounds, benefiting 277.49 thousand clients.  While, the production and crafts activity came in the fourth place with a market share of 7.45%  and a financing value of 530.06 million pounds and a total of 164.76 thousand clients.

Dr. Omran noted that despite the fact that the rank of donors  offering finance  did not change in 2017 from the previous year, where associations and institutions of category (A) were  kept at the top of the ranking, and then microfinance companies, and the associations and institutions of category (B) , followed by associations and private companies of category (c), the market share of microfinance companies grew to 35.39% in 2017 after its market share was 23.31% by the end of 2016, this shows the attractiveness of the MFI and  that it competed associations and NGOs.  In addition, the total number of beneficiaries from females came in the first place representing 52.5% of the total beneficiaries where the value of microfinance was 3.7 billion EGP and the total number of beneficiaries was 1.55 million clients representing 68.5%.  However, the market share of financing balances for males came in the second place achieving 47.4%, with financing value of 3.37 billion pounds and 711.78 thousand beneficiaries. By the end of 2017, the number of associations and NGOs licensed to practice microfinance activities reached 839 associations and NGOs in addition to 3 other companies. The number of branches was 815 branches, with a total of 1660 ports all over Egypt.

Source link

Regulator Information

Abbreviation: FRA
Jurisdiction: Egypt

Recent Articles

SEC Charges Man for Defrauding Investors out of Millions of Dollars by Posing as Hedge Fund Billionaire

Defendant presented himself as a special forces veteran and Harvard grad to gain investor trust Washington D.C., Sept.

SEC Monitoring Impact of Hurricanes Ian and Fiona on Capital Markets

Washington D.C., Sept. 29, 2022 — SEC Chair Gary Gensler has directed the staff to carefully monitor developments as a result of Hurricanes Ian and Fiona.


We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary...

Get the latest from Regulatory.News in your inbox!