{"id":591397,"date":"2019-12-04T04:27:55","date_gmt":"2019-12-04T04:27:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/04\/egypts-nbfs-watchdog-to-issue-nano-lending-licenses-soon\/"},"modified":"2019-12-04T04:27:55","modified_gmt":"2019-12-04T04:27:55","slug":"egypts-nbfs-watchdog-to-issue-nano-lending-licenses-soon","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/04\/egypts-nbfs-watchdog-to-issue-nano-lending-licenses-soon\/","title":{"rendered":"Egypt\u2019s NBFS watchdog to issue nano lending licenses soon"},"content":{"rendered":"<p>The Financial Regulatory Authority (FRA) has received two applications from unnamed microfinance companies looking to obtain a license to to begin offering nano lending services, microfinance development expert at the FRA <a href=\"https:\/\/alborsaanews.com\/2019\/12\/03\/1272160\">Ahmed Abdel Gawad said<\/a>. The authority is expected to issue the licenses by next month, Abdel Gawad added. Nano lending services were greenlit by the regulator <a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/05\/financial-regulatory-authority-greenlights-micro-lenders-to-offer-nano-lending\/\">in November<\/a>. Among the few lenders ready to offer the services is Tamweely Microfinance, we noted <a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/14\/tamweely-seeks-egp-300-mn-in-loans-from-two-egyptian-banks-6318\/\">last month<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Financial Regulatory Authority (FRA) has received two applications from unnamed microfinance companies looking to obtain a license to to begin offering nano lending services, microfinance development expert at the FRA Ahmed Abdel Gawad said. The authority is expected to issue the licenses by next month, Abdel Gawad added. Nano lending services were greenlit by [&hellip;]<\/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":[2372,72,76,311,876,343],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-591397","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","tag-financial-regulatory-authority","tag-microfinance","tag-nano-lending","tag-regulation","wpautop","entry"],"acf":{"mongo_id":"6fbc620a-d252-4df7-84cb-b024c5124d4c","is_powered_by":true,"section_story_id":"f50743c6-fc8e-4f0a-af0d-58eef1192183","story_type":"1","photo_url":"","photo_position":"above","related_issue":[591362],"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>Egypt\u2019s NBFS watchdog to issue nano lending licenses soon - 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\/2019\/12\/04\/egypts-nbfs-watchdog-to-issue-nano-lending-licenses-soon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s NBFS watchdog to issue nano lending licenses soon\" \/>\n<meta property=\"og:description\" content=\"The Financial Regulatory Authority (FRA) has received two applications from unnamed microfinance companies looking to obtain a license to to begin offering nano lending services, microfinance development expert at the FRA Ahmed Abdel Gawad said. The authority is expected to issue the licenses by next month, Abdel Gawad added. Nano lending services were greenlit by [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/04\/egypts-nbfs-watchdog-to-issue-nano-lending-licenses-soon\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-04T04:27:55+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\/2019\/12\/04\/egypts-nbfs-watchdog-to-issue-nano-lending-licenses-soon\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/04\/egypts-nbfs-watchdog-to-issue-nano-lending-licenses-soon\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s NBFS watchdog to issue nano lending licenses soon\",\"datePublished\":\"2019-12-04T04:27:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/04\/egypts-nbfs-watchdog-to-issue-nano-lending-licenses-soon\/\"},\"wordCount\":85,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\",\"Financial Regulatory Authority\",\"microfinance\",\"Nano lending\",\"regulation\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/04\/egypts-nbfs-watchdog-to-issue-nano-lending-licenses-soon\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/04\/egypts-nbfs-watchdog-to-issue-nano-lending-licenses-soon\/\",\"name\":\"Egypt\u2019s NBFS watchdog to issue nano lending licenses soon - 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Tamweely is also ready to begin offering nano lending services, which were greenlit by the Financial\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":575952,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/04\/new-regulatory-framework-for-sme-lenders-announced\/","url_meta":{"origin":591397,"position":2},"title":"New regulatory framework for SME lenders announced","author":"enterpriseam admin","date":"4 November 2020","format":false,"excerpt":"REGULATION WATCH- SME lenders will need to be set up as joint-stock companies with a minimum capital of EGP 30 mn under a regulatory framework set out by the Financial Regulatory Authority (FRA) yesterday (pdf). 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