The firm lends to a wide span of industry and service micro-sized companies, excluding agriculture and transport. Reefy is the first company in Egypt to obtain the microfinance license from the Egyptian Financial Supervisory Authority (EFSA), following the issuance of the long-awaited microfinance law.
Over the past decade, Reefy has secured a leading market position, due to its state-of- the-art Management Information System. The system’s novel techniques led to clear, efficient, and controlled, operational procedures, allowing the firm’s portfolio to grow exponentially, with a successful repayment rate of over 99%.
Reefy continued its expansion strategy, growing its network of branches in rural and urban communities, throughout 20 governorates Egypt, to 105 branches to be more by end of 2021. In 2016, Reefy diversified its offering to include group lending, in addition to its traditional offering individual lending. The firm is maintained by its young and dynamic 2500 staff members.