Important Information on Microfinance in Egypt
Microfinance balances exceeded 19.5 billion at the end of the first quarter of 2019, a growth rate of 10.1% compared to the end of December 2018.
The following are the top 7 information on microfinance in Egypt:
Microfinance balances at the end of the first quarter of 2019 crossed the barrier of 19.5 billion pounds.
The number of beneficiaries exceeded 3.237 million with a growth rate of 2.8% compared to the end of December 2018 and an increase of 18.8% compared to the end of the first quarter of 2018.
NGOs have been awarded the highest number of beneficiaries to serve 1.8 million customers by the end of the first quarter of 2019.
Banks took the runner-up in terms of value of the credit portfolio to record 6.575 billion pounds at the end of the first quarter of 2019.
Microfinance companies ranked second in terms of beneficiaries to serve 961,000 customers.
The credit portfolio of microfinance companies jumped to 6.078 billion pounds at the end of the first quarter of 2019.
Banks ranked third in terms of number of beneficiaries, which amounted to 383 thousand customers by the end of the first quarter of 2019 with a growth rate of 4.1% from December 2018.
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