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Social Fund for Development (SFD) is aiming pumping EGP680million for financing micro projects within the current year against EGP600million at 2013-end.
Head of micro-enterprises financing sector at SFD Amany Youssef said the total NOGs which the fund is dealing with are 700 NOGs.
SFD will ink a new contract with Sharkeya Business Association (SBA) worth EGP2.5 million to finance micro projects.
The National bank of Egypt (NBE) signs today a contract with SFD in order to finance micro enterprises worth EGP75 million.