{"id":597609,"date":"2019-07-31T04:07:07","date_gmt":"2019-07-31T04:07:07","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/31\/tamweely-microfinance-to-launch-seven-new-branches-through-partnership-with-national-postal-authority\/"},"modified":"2019-07-31T04:07:07","modified_gmt":"2019-07-31T04:07:07","slug":"tamweely-microfinance-to-launch-seven-new-branches-through-partnership-with-national-postal-authority","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/31\/tamweely-microfinance-to-launch-seven-new-branches-through-partnership-with-national-postal-authority\/","title":{"rendered":"Tamweely Microfinance to launch seven new branches through partnership with National Postal Authority"},"content":{"rendered":"

Tamweely Microfinance is launching seven new branches in National Postal Authority (NPA) offices throughout Egypt as part of a partnership between the two organizations, it said in a statement (pdf)<\/a>. The new branches will be set up in Beni Suef, Minya, Sohag and Qena, bringing the total number of Tamweely branches in Egypt to 35. These expansion efforts follow a recent capital increase to 75 mn from EGP 50. The new branches are set to start operating from early October, and the company has allocated some EGP 7 mn as funding for 3.5k new clients through the branches, said CEO Ahmed Khurshid.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tamweely Microfinance is launching seven new branches in National Postal Authority (NPA) offices throughout Egypt as part of a partnership between the two organizations, it said in a statement (pdf). The new branches will be set up in Beni Suef, Minya, Sohag and Qena, bringing the total number of Tamweely branches in Egypt to 35. 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Khorshid did not specify a timeline for the transaction, but said the company was in\u2026","rel":"","context":"In "DEBT WATCH"","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":641959,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/ni-capital-establishes-tamweely-for-microfinance\/","url_meta":{"origin":597609,"position":4},"title":"NI Capital establishes Tamweely for Microfinance","author":"enterpriseam admin","date":"2 August 2017","format":false,"excerpt":"State-owned investment bank NI Capital has launched a EGP 50 mn micro-financing arm called Tamweely, the bank said in an emailed statement. 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