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FINANCIAL NEWS
Egypt’s SFD & PBDAC ink deal worth EGP100mn for agricultural projects
13 Apr 2017
(MENAFN) The Principal Bank for Development and Agriculture Credit and the Social Fund for Development inked a financing deal of EGP100mn for agricultural and animal projects.
Furthermore, the funding will be offered amid the World Bank’s agreement inked with the SFD in 2014, worth USD300mn.
Additionally, the funding obtained by the PBDAC will be provided to finance the purchase of new used machines and provide working capital.
Accordingly, it is projected to offer 854 loans to small and medium sized enterprises (SMEs) amid this deal, to offer permanent and temporary job chances to the owner of SMEs.
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MENAFN1304201700450000ID1095389689
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