{"id":556300,"date":"2021-10-19T04:11:35","date_gmt":"2021-10-19T04:11:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/aspire-capital-establishes-kheir-microfinance\/"},"modified":"2021-10-19T04:11:35","modified_gmt":"2021-10-19T04:11:35","slug":"aspire-capital-establishes-kheir-microfinance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/aspire-capital-establishes-kheir-microfinance\/","title":{"rendered":"Aspire Capital establishes Kheir Microfinance"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Aspire C<\/strong><strong>apital Holding (<\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7b90e73a-bcdc-42ac-8800-27e8a92d55b7\">formerly Pioneers Holding<\/a><\/strong><strong>) has set up a<\/strong><strong> microfinance<\/strong><strong> arm, Kheir Microfinance<\/strong>, the company said in a <a href=\"https:\/\/ent.news\/2021\/10\/269554_1.pdf\">regulatory filing (pdf)<\/a>. The company is now awaiting the necessary licenses from the Financial Regulatory Authority to begin operations.<\/p>\n<p><strong>Background:<\/strong> The rebrand to Aspire Capital came as Pioneers Holding split into three arms: A real estate investment arm called Pioneers Properties, manufacturing investments vehicle Gadwa Industrial Development, and the parent company now known as Aspire Capital, which retained its financial services arm. Aspire Capital is also set to launch a real estate finance company in the near future, company chairman Waleed Zaki told <a href=\"https:\/\/almalnews.com\/%D8%A8%D8%A7%D9%8A%D9%88%D9%86%D9%8A%D8%B1%D8%B2-%D8%AA%D8%B9%D8%AA%D8%B2%D9%85-%D8%A7%D9%84%D8%AA%D8%AE%D8%A7%D8%B1%D8%AC-%D9%85%D9%86-%D8%B4%D8%B1%D9%83%D8%A9-%D8%B5%D9%86%D8%A7%D8%B9\/\">Al Mal<\/a> last week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aspire Capital Holding (formerly Pioneers Holding) has set up a microfinance arm, Kheir Microfinance, the company said in a regulatory filing (pdf). The company is now awaiting the necessary licenses from the Financial Regulatory Authority to begin operations. Background: The rebrand to Aspire Capital came as Pioneers Holding split into three arms: A real estate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":556301,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8004],"tags":[1516,68,72,76,2723,311,87],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-556300","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-microfinance","tag-aspire-capital","tag-egx","tag-enterpriseam","tag-financial-regulatory-authority","tag-gadwa-industrial-development","tag-microfinance","tag-pioneers-properties","wpautop","entry"],"acf":{"mongo_id":"8a8eb2aa-1276-4f3a-9404-238cfc173370","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/10\/208.jpg","photo_position":"above","related_issue":[556288],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Aspire Capital establishes Kheir Microfinance - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/19\/aspire-capital-establishes-kheir-microfinance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aspire Capital establishes Kheir Microfinance\" \/>\n<meta property=\"og:description\" content=\"Aspire Capital Holding (formerly Pioneers Holding) has set up a microfinance arm, Kheir Microfinance, the company said in a regulatory filing (pdf). The company is now awaiting the necessary licenses from the Financial Regulatory Authority to begin operations. 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The new companies \u2014 Pioneers Properties and Gadwa Industrial Development \u2014 will focus on real estate and\u2026","rel":"","context":"In &quot;DEMERGER WATCH&quot;","block_context":{"text":"DEMERGER WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/demerger-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/228.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546503,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/18\/rameda-ifc-collab-on-sustainability\/","url_meta":{"origin":556300,"position":4},"title":"Rameda + IFC collab on sustainability","author":"enterpriseam admin","date":"18 May 2022","format":false,"excerpt":"Rameda Pharma will work with the International Finance Corporation (IFC) to improve the sustainability of its operations, according to a joint statement (pdf) out yesterday. 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