Tanmeyah is in talks with two banks for EGP 1 bn facility

Private sector microfinancier Tanmeyah is in talks with two unnamed banks to receive a EGP 1 bn loan to help reach its target of providing EGP 4.25 in microloans by the end of the year, CEO Amr Abouleish said. The company expects to receive the loan within four months’ time.