{"id":564172,"date":"2021-08-15T13:49:37","date_gmt":"2021-08-15T13:49:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/and-egypts-first-microleasing-license-goes-to\/"},"modified":"2021-08-15T13:49:37","modified_gmt":"2021-08-15T13:49:37","slug":"and-egypts-first-microleasing-license-goes-to","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/and-egypts-first-microleasing-license-goes-to\/","title":{"rendered":"And Egypt\u2019s first microleasing license goes to..."},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Tasaheel acquires Egypt\u2019s first microleasing license: <\/strong>Micro lender <a href=\"https:\/\/www.facebook.com\/tasaheelegypt\/\">Tasaheel<\/a> was today granted the first license for microfinance leasing in the Egyptian market by the Financial Regulatory Authority (FRA), a source at the regulator told Enterprise today. This will make the company \u2014 which also <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/127f2d44-ad2d-453f-b03a-7fec950184fb\">received the country\u2019s first SME microfinancing license<\/a> in July \u2014 the first in Egypt able to offer leasing products specifically targeted at borrowers who are unable to access conventional facilities offered by non-bank lenders.<\/p>\n<p><strong>The license will pave the way for the launch of Egypt\u2019s first microfinance leasing product<\/strong>, and will help micro-projects access resources for new activities and expansion, the FRA said in a <a href=\"https:\/\/ent.news\/2021\/8\/%D8%A3%D9%88%D9%84-%D8%AA%D8%B1%D8%AE%D9%8A%D8%B5-%D9%84%D9%85%D8%B2%D8%A7%D9%88%D9%84%D8%A9-%D9%86%D8%B4%D8%A7%D8%B7-%D8%A7%D9%84%D8%AA%D8%A3%D8%AC%D9%8A%D8%B1-%D8%A7%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%84%D9%89-%D9%85%D8%AA%D9%86%D8%A7%D9%87%D9%89-%D8%A7%D9%84%D8%B5%D8%BA%D8%B1.pdf\">statement (pdf)<\/a> yesterday, without publicly naming the newly-licensed company.<\/p>\n<p><strong>This latest license was issued following a series of reforms to the laws governing microfinance, <\/strong>FRA chief Mohamed Omran said in the statement. They include a 2018 amendment allowing licensed lenders to engage in microfinance leasing, and a bill <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7dfc049d-6585-4dd9-95fe-2599d45aee55\">ratified<\/a>last year bringing SMEs under the 2014 Microfinance Act and raising the maximum value of a micro-loan to a single company or project to EGP 200k from EGP 100k.<\/p>\n<p><strong>Who could be next?<\/strong> Microfinance firm Tamweely <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/48343a3e-accd-422e-9f6c-4703de483a56\">wants to<\/a> provide microleasing products to SMEs from the start of next year, and has applied to the FRA for a license. Meanwhile, EFG Hermes-owned microfinance player Tanmeyah <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/86118abd-fb79-45dd-a4f4-77b98a995641\">could<\/a>file for an FRA-regulated SME microfinancing license before the year\u2019s end.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tasaheel acquires Egypt\u2019s first microleasing license: Micro lender Tasaheel was today granted the first license for microfinance leasing in the Egyptian market by the Financial Regulatory Authority (FRA), a source at the regulator told Enterprise today. This will make the company \u2014 which also received the country\u2019s first SME microfinancing license in July \u2014 the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":564173,"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":[10049],"tags":[633,7087,76,242,311,595,343,2103],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-564172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-finance","tag-enterprisepm","tag-finance","tag-financial-regulatory-authority","tag-leasing","tag-microfinance","tag-non-banking-financial-services","tag-regulation","tag-tasaheel","wpautop","entry"],"acf":{"mongo_id":"2bf20383-3bf5-48dc-b51c-7e3e63e33eb9","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/8\/429.jpg","photo_position":"above","related_issue":[564164],"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>And Egypt\u2019s first microleasing license goes to... - 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\/08\/15\/and-egypts-first-microleasing-license-goes-to\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"And Egypt\u2019s first microleasing license goes to...\" \/>\n<meta property=\"og:description\" content=\"Tasaheel acquires Egypt\u2019s first microleasing license: Micro lender Tasaheel was today granted the first license for microfinance leasing in the Egyptian market by the Financial Regulatory Authority (FRA), a source at the regulator told Enterprise today. This will make the company \u2014 which also received the country\u2019s first SME microfinancing license in July \u2014 the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/and-egypts-first-microleasing-license-goes-to\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-15T13:49:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/429.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/and-egypts-first-microleasing-license-goes-to\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/and-egypts-first-microleasing-license-goes-to\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"And Egypt\u2019s first microleasing license goes to...\",\"datePublished\":\"2021-08-15T13:49:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/and-egypts-first-microleasing-license-goes-to\/\"},\"wordCount\":240,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/and-egypts-first-microleasing-license-goes-to\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/429.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterprisePM\",\"Finance\",\"Financial Regulatory Authority\",\"leasing\",\"microfinance\",\"non-banking financial services\",\"regulation\",\"Tasaheel\"],\"articleSection\":[\"SPEED ROUND: FINANCE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/and-egypts-first-microleasing-license-goes-to\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/and-egypts-first-microleasing-license-goes-to\/\",\"name\":\"And Egypt\u2019s first microleasing license goes to... - 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This is the first company in the non-banking sector to be able to finance SME activities under the Microfinancing Act. Tasaheel will now be able to offer micro loans to\u2026","rel":"","context":"In &quot;Microfinance&quot;","block_context":{"text":"Microfinance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/microfinance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":558476,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/11\/edita-borrows-egp-150-mn-from-credit-agricole-for-new-production-line\/","url_meta":{"origin":564172,"position":1},"title":"Edita borrows EGP 150 mn from Credit Agricole for new production line","author":"enterpriseam admin","date":"11 August 2021","format":false,"excerpt":"Edita is taking out a seven-year EGP 150 mn facility from Credit Agricole to finance its new baked goods production line, the company said in a statement (pdf) yesterday. The new line is expected to come online in 1Q2022.IN OTHER DEBT NEWS- EFG Hermes-owned microfinance player Tanmeyah could file for\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574886,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/24\/gb-autos-drive-gets-fra-nod-for-consumer-finance-license\/","url_meta":{"origin":564172,"position":2},"title":"GB Auto\u2019s Drive gets FRA nod for consumer finance license","author":"enterpriseam admin","date":"24 September 2020","format":false,"excerpt":"GB Auto\u2019s car finance arm Drive has received preliminary approval from the Financial Regulatory Authority for a full consumer financing license, according to an emailed press release (pdf). The license will allow Drive to offer consumer finance services beyond the core car finance business for which it is known. GB\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":573489,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/tasaheel-and-aman-have-requested-nano-financing-licenses-from-the-fra\/","url_meta":{"origin":564172,"position":3},"title":"Tasaheel and Aman have requested nano financing licenses from the FRA","author":"enterpriseam admin","date":"6 August 2020","format":false,"excerpt":"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\u2019s first ever nano-financing provider, offering loans between EGP 100 and EGP 1,500 to the country\u2019s large\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":547591,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/28\/tasaheel-securitizes-usd-150-mn-of-its-loan-book\/","url_meta":{"origin":564172,"position":4},"title":"Tasaheel securitizes USD 150 mn of its loan book","author":"enterpriseam admin","date":"28 June 2022","format":false,"excerpt":"MNT-Halan\u2019s microfinance subsidiary Tasaheel has closed a USD 150 mn (c.EGP 2.8 bn) securitized bond issuance as part of a wider USD 600 mn securitization program with CIB, backed by Tasaheel\u2019s loan book, according to a press release (pdf). MNT-Halan did not disclose the total value of Tasaheel\u2019s loan book\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/324.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598384,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/23\/egypts-fra-to-bring-sme-financing-under-2014-microfinance-law\/","url_meta":{"origin":564172,"position":5},"title":"Egypt\u2019s FRA to bring SME financing under 2014 microfinance law","author":"enterpriseam admin","date":"23 May 2019","format":false,"excerpt":"LEGISLATION WATCH- FRA to bring SME financing under 2014 microfinance law: Dedicated SME lenders including finance companies and NGOs could be governed under the 2014 microfinance law (pdf) after the Financial Regulatory Authority\u2019s (FRA) board of directors approved amendments to the legislation, the regulator said in a statement (pdf). The\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/564172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=564172"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/564172\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/564164"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/564173"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=564172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=564172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=564172"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=564172"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=564172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}