Introduction
Banque Misr has entered into a significant credit facility agreement worth EGP 500 million with Tanmeyah, a subsidiary of EFG Holding. This strategic partnership is aimed at supporting small and micro enterprises across Egypt, providing them with crucial financial assistance.
Supporting Small Business Owners
The agreement between Banque Misr and Tanmeyah will offer a range of financing solutions, including short and medium-term loans, specifically designed to support small business owners. These financial products will be provided under favorable terms and competitive rates, ensuring that small enterprises have the resources they need to grow and thrive.
A Legacy of Support
Since its inception, Tanmeyah has been instrumental in issuing nearly three million financing packages of various types and sizes. The company’s extensive network includes approximately 305 branches spread across 25 Egyptian governorates, showcasing its commitment to reaching a broad demographic of small business owners.
Monthly Service and Workforce
Tanmeyah serves about 30,000 customers monthly, thanks to a dedicated workforce of around 5,000 employees. This extensive service network ensures that small and micro enterprises receive the financial support and guidance necessary for their development and sustainability.
