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FINANCIAL NEWS
Egypt’s SME, Microfinance, Reefy ink EGP25mn deal
13 Jun 2017
(MENAFN) A deal worth EGP25mn was inked by Small and Medium Enterprise (SME) and Microfinance Development Authority and Reefy firm for microfinance enterprise services.
Additionally, the project plans to enhance economic conditions of graduates and women, as well as low-income families and it aims to help them socially and economically.
Accordingly, signing the deal with Reefy is part of the authority’s efforts to support and improve microenterprises to produce temporary and permanent jobs.
Additionally, it is projected to install 1.650 microenterprise projects amid the deal, with a maximum of EGP35.000 for each project, allowing more jobs.
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