{"id":567255,"date":"2020-01-16T04:07:08","date_gmt":"2020-01-16T04:07:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/house-smes-committee-approves-microfinance-act\/"},"modified":"2020-01-16T04:07:08","modified_gmt":"2020-01-16T04:07:08","slug":"house-smes-committee-approves-microfinance-act","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/house-smes-committee-approves-microfinance-act\/","title":{"rendered":"House SMEs Committee approves Microfinance Act"},"content":{"rendered":"

LEGISLATION WATCH- House SMEs Committee approves Microfinance Act:<\/strong> The House SMEs committee approved the six amendments to the 2014 microfinance law<\/a> proposed by the Financial Regulatory Authority, paving the way for a general assembly vote within days, according to Al Mal.<\/a> The legislative amendments would bring dedicated SME lenders, including finance companies and NGOs, under the microfinance law. The bill would also introduce a EGP 20 mn capital requirement for SME lenders and keep the requirement for their microfinance counterparts at EGP 5 mn. They would also allow SME finance providers to be members of a rebranded Egyptian Microfinance Federation.<\/p>\n","protected":false},"excerpt":{"rendered":"

LEGISLATION WATCH- House SMEs Committee approves Microfinance Act: The House SMEs committee approved the six amendments to the 2014 microfinance law proposed by the Financial Regulatory Authority, paving the way for a general assembly vote within days, according to Al Mal. The legislative amendments would bring dedicated SME lenders, including finance companies and NGOs, under […]<\/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":[8572],"tags":[7097,72,274,963,311,4402,287,2380,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-567255","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-development","tag-enterpriseam","tag-house-of-representatives","tag-law","tag-microfinance","tag-plenary","tag-smes","tag-speed-round","tag-startups","wpautop","entry"],"acf":{"mongo_id":"5824242a-5089-48ae-b0aa-94e3a6209a12","is_powered_by":true,"section_story_id":"a28ee6ae-8001-4696-b7cd-fadeae71c157","story_type":"1","photo_url":"","photo_position":"above","related_issue":[567233],"teaser":"","voice_url":""},"yoast_head":"\nHouse SMEs Committee approves Microfinance Act - 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\/2020\/01\/16\/house-smes-committee-approves-microfinance-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House SMEs Committee approves Microfinance Act\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- House SMEs Committee approves Microfinance Act: The House SMEs committee approved the six amendments to the 2014 microfinance law proposed by the Financial Regulatory Authority, paving the way for a general assembly vote within days, according to Al Mal. The legislative amendments would bring dedicated SME lenders, including finance companies and NGOs, under […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/house-smes-committee-approves-microfinance-act\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-16T04:07:08+00:00\" \/>\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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/house-smes-committee-approves-microfinance-act\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/house-smes-committee-approves-microfinance-act\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"House SMEs Committee approves Microfinance Act\",\"datePublished\":\"2020-01-16T04:07:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/house-smes-committee-approves-microfinance-act\/\"},\"wordCount\":103,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"development\",\"EnterpriseAM\",\"House of Representatives\",\"law\",\"microfinance\",\"plenary\",\"SMEs\",\"SPEED ROUND\",\"startups\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/house-smes-committee-approves-microfinance-act\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/house-smes-committee-approves-microfinance-act\/\",\"name\":\"House SMEs Committee approves Microfinance Act - 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