The Mortgage Finance Fund (MFF) is expecting a second tranche of USD 50 mn from the World Bank loan in the next two months, Managing Director Mai Abdel Hamid told Amwal Al Ghad. The bank has disbursed so far USD 257 mn of the USD 500 mn loan, which aims to help middle- and low-income Egyptians by providing favorable lending rates of 7% and 8% and longer tenors.

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