{"id":605263,"date":"2018-12-26T04:21:15","date_gmt":"2018-12-26T04:21:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/26\/egypts-idb-grants-egp-50-mn-to-tamweely-for-msmes\/"},"modified":"2018-12-26T04:21:15","modified_gmt":"2018-12-26T04:21:15","slug":"egypts-idb-grants-egp-50-mn-to-tamweely-for-msmes","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/26\/egypts-idb-grants-egp-50-mn-to-tamweely-for-msmes\/","title":{"rendered":"Egypt\u2019s IDB grants EGP 50 mn to Tamweely for MSMEs"},"content":{"rendered":"

The Industrial Development Bank (IDB) has signed a EGP 50 mn agreement with microfinance company Tamweely to provide financing for low-income projects and micro-SMEs, IDB Chairman Maged Fahmy announced<\/a>. The funding is expected to support 8,000 clients across Egypt.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Industrial Development Bank (IDB) has signed a EGP 50 mn agreement with microfinance company Tamweely to provide financing for low-income projects and micro-SMEs, IDB Chairman Maged Fahmy announced. The funding is expected to support 8,000 clients across Egypt.<\/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":[2372,7097,72,203,5880,311,1045],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-605263","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-development","tag-enterpriseam","tag-entrepreneurship","tag-industrial-development-bank","tag-microfinance","tag-tamweely","wpautop","entry"],"acf":{"mongo_id":"252b02fe-8923-4a63-ad82-b3888d48e31d","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Egypt\u2019s IDB grants EGP 50 mn to Tamweely for MSMEs","related_issue":[605224],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.3bab331b-20eb-4db2-a4a8-eea84106a77d.mp3"},"yoast_head":"\nEgypt\u2019s IDB grants EGP 50 mn to Tamweely for MSMEs - 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\/2018\/12\/26\/egypts-idb-grants-egp-50-mn-to-tamweely-for-msmes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s IDB grants EGP 50 mn to Tamweely for MSMEs\" \/>\n<meta property=\"og:description\" content=\"The Industrial Development Bank (IDB) has signed a EGP 50 mn agreement with microfinance company Tamweely to provide financing for low-income projects and micro-SMEs, IDB Chairman Maged Fahmy announced. The funding is expected to support 8,000 clients across Egypt.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/26\/egypts-idb-grants-egp-50-mn-to-tamweely-for-msmes\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-26T04:21:15+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\/2018\/12\/26\/egypts-idb-grants-egp-50-mn-to-tamweely-for-msmes\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/26\/egypts-idb-grants-egp-50-mn-to-tamweely-for-msmes\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s IDB grants EGP 50 mn to Tamweely for MSMEs\",\"datePublished\":\"2018-12-26T04:21:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/26\/egypts-idb-grants-egp-50-mn-to-tamweely-for-msmes\/\"},\"wordCount\":47,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"development\",\"EnterpriseAM\",\"entrepreneurship\",\"Industrial Development Bank\",\"microfinance\",\"Tamweely\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/26\/egypts-idb-grants-egp-50-mn-to-tamweely-for-msmes\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/26\/egypts-idb-grants-egp-50-mn-to-tamweely-for-msmes\/\",\"name\":\"Egypt\u2019s IDB grants EGP 50 mn to Tamweely for MSMEs - 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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":597609,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/31\/tamweely-microfinance-to-launch-seven-new-branches-through-partnership-with-national-postal-authority\/","url_meta":{"origin":605263,"position":1},"title":"Tamweely Microfinance to launch seven new branches through partnership with National Postal Authority","author":"enterpriseam admin","date":"31 July 2019","format":false,"excerpt":"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\u2026","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":594619,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/02\/al-yosr-group-to-borrow-egp-1-1-bn-from-three-banks\/","url_meta":{"origin":605263,"position":2},"title":"Al Yosr Group to borrow EGP 1.1 bn from three banks","author":"enterpriseam admin","date":"2 September 2019","format":false,"excerpt":"Al Yosr Group has signed loan agreements with Banque du Caire (BdC), Suez Canal Bank (SCB) and the Industrial Development Bank (IDB) for a combined EGP 1.1 bn, sources told Al Shorouk. Al Yosr will borrow EGP 800 mn from BdC, EGP 200 mn from SCB and EGP 100 mn\u2026","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":592039,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/24\/saudi-arabian-monetary-authority-to-grant-idb-usd-15-mn\/","url_meta":{"origin":605263,"position":3},"title":"Saudi Arabian Monetary Authority to grant IDB USD 15 mn","author":"enterpriseam admin","date":"24 December 2019","format":false,"excerpt":"The Saudi Arabian Monetary Authority has agreed to provide a grant of USD 15 mn to the Industrial Development Bank (IDB) to fund micro and small enterprises, IDB Chairman Maged Fahmytold Masrawy. The agreement should be signed at the beginning of next year.","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":641959,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/ni-capital-establishes-tamweely-for-microfinance\/","url_meta":{"origin":605263,"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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