{"id":561289,"date":"2021-04-01T03:51:59","date_gmt":"2021-04-01T03:51:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/01\/tamweely-is-getting-closer-to-a-booster\/"},"modified":"2021-04-01T03:51:59","modified_gmt":"2021-04-01T03:51:59","slug":"tamweely-is-getting-closer-to-a-booster","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/01\/tamweely-is-getting-closer-to-a-booster\/","title":{"rendered":"Tamweely is getting closer to a booster"},"content":{"rendered":"

<\/a> Microfinance player Tamweely could soon secure a EGP 100 mn loan from the <\/strong>European Bank for Reconstruction and Development<\/strong> to boost its microfinance portfolio, Chairman Amr AbouElazm said at a presser yesterday, according to Masrawy<\/a>. AbouElazm didn\u2019t offer any other details or specify when Tamweely expects to lock down the facility. Tamweely bumped<\/a>up<\/a> its loans portfolio 139% y-o-y in 2020, with the number of loan beneficiaries rising to 75k at the end of last year, compared to 55k at the end of 2019, he said.<\/p>\n

SEPARATELY- Tamweely is looking to provide micro leasing products to SMEs early 2022<\/strong>, once it receives sign-off from the Financial Regulatory Authority, CEO Ahmed Khorshid tells Al Mal, according to a report in the newspaper\u2019s print edition. Micro leasing entails in-kind loans in the form of working equipment, as opposed to liquidity. Tamweely also plans to introduce nano-finance schemes to customers before year-end, which would cater to low-income earners and provide them with greater access to borrowing, Khorshid added.<\/p>\n

Tamweely has also partnered with Banque Misr to provide a set of new e-services to clients<\/strong> including the provision of loans through Meeza cards, Khorshid said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Microfinance player Tamweely could soon secure a EGP 100 mn loan from the European Bank for Reconstruction and Development to boost its microfinance portfolio, Chairman Amr AbouElazm said at a presser yesterday, according to Masrawy. AbouElazm didn\u2019t offer any other details or specify when Tamweely expects to lock down the facility. Tamweely bumpedup its loans […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[9991],"tags":[7106,571,72,76,311,876,287,1045],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-561289","post","type-post","status-publish","format-standard","hentry","category-microfinance","tag-debt","tag-ebrd","tag-enterpriseam","tag-financial-regulatory-authority","tag-microfinance","tag-nano-lending","tag-smes","tag-tamweely","wpautop","entry"],"acf":{"mongo_id":"48343a3e-accd-422e-9f6c-4703de483a56","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[561282],"teaser":"","voice_url":""},"yoast_head":"\nTamweely is getting closer to a booster - 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\/04\/01\/tamweely-is-getting-closer-to-a-booster\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tamweely is getting closer to a booster\" \/>\n<meta property=\"og:description\" content=\"Microfinance player Tamweely could soon secure a EGP 100 mn loan from the European Bank for Reconstruction and Development to boost its microfinance portfolio, Chairman Amr AbouElazm said at a presser yesterday, according to Masrawy. 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The company\u2019s expansion strategy for the year also sees its portfolio growing to EGP 700 mn in loans to north of 40k microfinance\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632601,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/14\/ni-capitals-tamweely-receives-temporary-microfinance-license\/","url_meta":{"origin":561289,"position":4},"title":"NI Capital\u2019s Tamweely receives temporary microfinance license","author":"enterpriseam admin","date":"14 February 2018","format":false,"excerpt":"The Financial Regulatory Authority (FRA) awarded Tamweely a temporary microfinance license, with the company looking to launch operations \u201cin the next few days,\u201d said Chairman Amr Abul Azm. 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