Banque Misr and Tanmeyah Partner in $10.3M Credit Facility Agreement to Aid SMEs

To support Egypt’s small and micro enterprises, Banque Misr has entered into a credit facility agreement with Tanmeyah, a subsidiary of EFG Holding, valued at EGP 500 million (USD 10.3 million). This agreement, detailed in a recent press release, aims to provide Tanmeyah with essential financing solutions, including both short and medium-term loans, designed to benefit small business owners with favorable terms and competitive rates.

Since its establishment, Tanmeyah has facilitated nearly three million financing packages. The company, which operates about 305 branches across 25 Egyptian governorates, serves roughly 30,000 customers each month and employs around 5,000 staff members.

Source: Arab Finance