{"id":570435,"date":"2020-03-31T04:31:53","date_gmt":"2020-03-31T04:31:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/microlenders-are-looking-for-forgiveness-and-restructuring\/"},"modified":"2020-03-31T04:31:53","modified_gmt":"2020-03-31T04:31:53","slug":"microlenders-are-looking-for-forgiveness-and-restructuring","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/microlenders-are-looking-for-forgiveness-and-restructuring\/","title":{"rendered":"Microlenders are looking for forgiveness and restructuring"},"content":{"rendered":"

A number of microfinance institutions are in discussions with banks to set up a mechanism that allows clients to either delay loan repayments or pay a reduced rate of interest, Al Mal reports, citing an unnamed source in the banking sector.<\/a> Rural borrowers and NGOs have been among those unable to meet monthly payments on loans in the wake of the economic slowdown brought on by the covid-19 outbreak.<\/p>\n","protected":false},"excerpt":{"rendered":"

A number of microfinance institutions are in discussions with banks to set up a mechanism that allows clients to either delay loan repayments or pay a reduced rate of interest, Al Mal reports, citing an unnamed source in the banking sector. Rural borrowers and NGOs have been among those unable to meet monthly payments on […]<\/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":[9298],"tags":[2372,531,107,7106,72,311],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-570435","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-civil-society","tag-covid-19","tag-debt","tag-enterpriseam","tag-microfinance","wpautop","entry"],"acf":{"mongo_id":"cbb6999b-0519-431c-8fe8-49dfe63305b3","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[570408],"teaser":"","voice_url":""},"yoast_head":"\nMicrolenders are looking for forgiveness and restructuring - 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\/03\/31\/microlenders-are-looking-for-forgiveness-and-restructuring\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Microlenders are looking for forgiveness and restructuring\" \/>\n<meta property=\"og:description\" content=\"A number of microfinance institutions are in discussions with banks to set up a mechanism that allows clients to either delay loan repayments or pay a reduced rate of interest, Al Mal reports, citing an unnamed source in the banking sector. 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The company is also in talks with four local banks for a EGP 200 mn loan, Heiba said.","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":597115,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/16\/rayas-microfinance-arm-aman-in-negotiations-eyes-egp-500-mn-in-loans-from-five-banks\/","url_meta":{"origin":570435,"position":2},"title":"Raya\u2019s microfinance arm Aman in negotiations eyes EGP 500 mn in loans from five banks","author":"enterpriseam admin","date":"16 July 2019","format":false,"excerpt":"Raya Holding\u2019s microfinance subsidiary Aman is seeking to borrow EGP 500 mn from CIB, Suez Canal Bank, Attijariwafa Bank, Blom Bank Egypt, and United Bank, Chief Financial Officer Ayman Bassiouny told Mubasher. 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