Tasaheel and Aman have requested nano financing licenses from the FRA

GB Capital subsidiary Tasaheel, Raya Holding subsidiary Aman, and five other unnamed companies filed for nano-finance licenses from the Financial Regulatory Authority, Al Mal reports. Pharos-backed Kashat, which launched earlier this year, became Egypt’s first ever nano-financing provider, offering loans between EGP 100 and EGP 1,500 to the country’s large unbanked population.