Reefy jumps average customer financing to EGP 200 million per month during 2021 Ahmed Labib, managing director and CEO of “Reefy” for microfinance services, one of the companies affiliated with the “CI Capital Holding” group, revealed the growth of the average monthly financing provided to clients from 120 million pounds during 2020 to 200 million […]

  EBRD, EU and Reefy step up support for women entrepreneurs in Egypt The European Bank for Reconstruction and Development (EBRD) is stepping up its support for women entrepreneurs in Egypt, with a loan of EGP 80 million (€4.3 million equivalent) to Reefy Microfinance Enterprise Services, the country’s first licensed microfinance institution.   Reference : […]

A total of one-third of the funding will be allocated to women-led small- and medium-sized enterprises (WSMEs). As part of the agreement, microbusinesses will have access to long-term financing at a competitive interest rate. The agreement provides additional support to initiatives unveiled by the Egyptian Government and the Central Bank of Egypt (CBE) to boost […]