{"id":324538,"date":"2022-02-01T15:05:05","date_gmt":"2022-02-01T15:05:05","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=324538"},"modified":"2022-02-01T15:05:05","modified_gmt":"2022-02-01T15:05:05","slug":"msmeda-plans-to-inject-egp-16-5bn-in-microfinance-sector","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2022\/02\/01\/msmeda-plans-to-inject-egp-16-5bn-in-microfinance-sector\/","title":{"rendered":"MSMEDA plans to inject EGP 16.5bn in microfinance sector"},"content":{"rendered":"<p>The\u00a0Egyptian Micro,\u00a0Small,\u00a0and\u00a0Medium Enterprise Development Agency\u00a0(MSMEDA) seeks to inject EGP 16.5 billion in the microfinance sector during the upcoming five years, the Head of the Central Sector for Microfinance at MSMEDA, Nevin Badr, announced.<\/p>\n<div id=\"Outstream\"><\/div>\n<p>Badr said that the\u00a0MSMEDA plans to cooperate with 50 financing entities to support microprojects\u00a0during 2022.<\/p>\n<p>In 2021, the agency financed\u00a0microprojects with\u00a0around EGP 4.5 billion, up by about 200% from EGP 1.9 billion in 2020.<\/p>\n<p>Badr added that women have accounted for 43% of the total number of financed\u00a0microprojects last year.<\/p>\n<p>Since\u00a0the\u00a0MSMEDA&#8217;s\u00a0establishment in 1991,\u00a0the Central Sector for Microfinance has injected EGP 23 billion in\u00a0microprojects, including EGP 17.5 billion\u00a0granted\u00a0through 1.3 million loans in the past seven years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0Egyptian Micro,\u00a0Small,\u00a0and\u00a0Medium Enterprise Development Agency\u00a0(MSMEDA) seeks to inject EGP 16.5 billion in the microfinance sector during the upcoming five years, the Head of the Central Sector for Microfinance at MSMEDA, Nevin Badr, announced.<\/p>\n","protected":false},"author":4,"featured_media":321461,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22,33],"tags":[88],"class_list":["post-324538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-main","tag-msmeda"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - 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