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Egypt-Hermes Leasing, SFD ink EGP20mn deal to finance small enterprises

25 Apr 2017

(MENAFN) The Social Fund for Development and EFG Hermes Leasing inked a deal for the development of new and current small enterprises amid a financial leasing scheme at EGP20mn.

Accordingly, the signing of the deal comes amid the framework of the SFD’s plan and its keenness to spread new financing products and expand the scope of the activities it finances.

In addition, the contracts for financial leasing plan to finance the acquisition of new machines and spare parts for new and current projects amid the republic.

Meanwhile, EFG-Hermes, in co-op with the SFD, is to study and determine the target projects, as well as follow up on the established projects and offer periodic reports on their progress.

MENAFN2504201700450000ID1095416934

MENAFN2504201700450000ID1095416934

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