SFD Eyes Pumping EGP680mn for Micro Projects this year

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.