{"id":628109,"date":"2018-06-25T04:52:54","date_gmt":"2018-06-25T04:52:54","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/vitas-group-to-extend-egp-200-mn-in-sme-loans-by-2020\/"},"modified":"2018-06-25T04:52:54","modified_gmt":"2018-06-25T04:52:54","slug":"vitas-group-to-extend-egp-200-mn-in-sme-loans-by-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/vitas-group-to-extend-egp-200-mn-in-sme-loans-by-2020\/","title":{"rendered":"Vitas Group to extend EGP 200 mn in SME loans by 2020"},"content":{"rendered":"<p>Vitas Misr for Microfinance, a subsidiary of B Investments\u2019 Ebtikar, is planning to extend as much as EGP 200 mn in loans by 2020 to more than 10,000 SME clients, <a href=\"http:\/\/www.almalnews.com\/Story\/379873\/12\/%C2%AB%D9%81%D9%8A%D8%AA%D8%A7%D8%B3-%D9%85%D8%B5%D8%B1%C2%BB-%D8%AA%D8%AE%D8%B7%D8%B7-%D9%84%D8%B6%D8%AE-200-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AC%D9%86%D9%8A%D9%87\">CEO Hossam Heiba tells Al Mal<\/a>. The company is expecting to obtain its final permit within two weeks. We earlier noted that B Investments <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/02\/b-investments-to-pump-additional-investments-this-year-to-microfinance-subsidiary-vitas\/\">plans to use some of the EGP 150 mn<\/a> it will invest in SME finance subsidiary Ebtikar towards raising capital for regional microfinance firm Vitas Group.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vitas Misr for Microfinance, a subsidiary of B Investments\u2019 Ebtikar, is planning to extend as much as EGP 200 mn in loans by 2020 to more than 10,000 SME clients, CEO Hossam Heiba tells Al Mal. The company is expecting to obtain its final permit within two weeks. We earlier noted that B Investments plans [&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],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628109","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"722bd274-98cd-47bf-b244-65dde8bc2d6a","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Vitas Group to extend EGP 200 mn in SME loans by 2020","related_issue":[628075],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.ad798219-6d3d-4982-be96-482137deccad.mp3"},"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>Vitas Group to extend EGP 200 mn in SME loans by 2020 - 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\/06\/25\/vitas-group-to-extend-egp-200-mn-in-sme-loans-by-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vitas Group to extend EGP 200 mn in SME loans by 2020\" \/>\n<meta property=\"og:description\" content=\"Vitas Misr for Microfinance, a subsidiary of B Investments\u2019 Ebtikar, is planning to extend as much as EGP 200 mn in loans by 2020 to more than 10,000 SME clients, CEO Hossam Heiba tells Al Mal. The company is expecting to obtain its final permit within two weeks. We earlier noted that B Investments plans [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/vitas-group-to-extend-egp-200-mn-in-sme-loans-by-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-25T04:52:54+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\/06\/25\/vitas-group-to-extend-egp-200-mn-in-sme-loans-by-2020\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/vitas-group-to-extend-egp-200-mn-in-sme-loans-by-2020\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Vitas Group to extend EGP 200 mn in SME loans by 2020\",\"datePublished\":\"2018-06-25T04:52:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/vitas-group-to-extend-egp-200-mn-in-sme-loans-by-2020\/\"},\"wordCount\":86,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/vitas-group-to-extend-egp-200-mn-in-sme-loans-by-2020\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/vitas-group-to-extend-egp-200-mn-in-sme-loans-by-2020\/\",\"name\":\"Vitas Group to extend EGP 200 mn in SME loans by 2020 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-06-25T04:52:54+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/vitas-group-to-extend-egp-200-mn-in-sme-loans-by-2020\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/vitas-group-to-extend-egp-200-mn-in-sme-loans-by-2020\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/vitas-group-to-extend-egp-200-mn-in-sme-loans-by-2020\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Vitas Group to extend EGP 200 mn in SME loans by 2020\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Vitas Group to extend EGP 200 mn in SME loans by 2020 - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/25\/vitas-group-to-extend-egp-200-mn-in-sme-loans-by-2020\/","og_locale":"en_US","og_type":"article","og_title":"Vitas Group to extend EGP 200 mn in SME loans by 2020","og_description":"Vitas Misr for Microfinance, a subsidiary of B Investments\u2019 Ebtikar, is planning to extend as much as EGP 200 mn in loans by 2020 to more than 10,000 SME clients, CEO Hossam Heiba tells Al Mal. 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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 &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":567389,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/ebtikar-submits-proposal-to-set-up-two-consumer-financing-companies\/","url_meta":{"origin":628109,"position":1},"title":"Ebtikar submits proposal to set up two consumer financing companies","author":"enterpriseam admin","date":"21 January 2020","format":false,"excerpt":"Ebtikar wants to set up two consumer financing companies: B Investments\u2019 Ebtikar has submitted documents to the General Authority for Investment to establish two consumer finance companies, according to the local press. No details were provided on the value of the companies. CEO Ayman El Desouki previously said that one\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":629829,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/02\/b-investments-to-pump-additional-investments-this-year-to-microfinance-subsidiary-vitas\/","url_meta":{"origin":628109,"position":2},"title":"B Investments to pump additional investments this year to microfinance subsidiary Vitas","author":"enterpriseam admin","date":"2 April 2018","format":false,"excerpt":"B Investments plans to use some of the EGP 150 mn it will invest in SME finance subsidiary Ibtikar towards raising the capital of regional microfinance firm Vitas Group \u2014 itself a subsidiary of Ibtikar, founding partner Aladdin Saba reportedly said on Sunday. B Investments wants Vitas\u2019 capital to increase\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":600382,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/28\/ebtikars-vitas-gets-microfinancing-license\/","url_meta":{"origin":628109,"position":3},"title":"Ebtikar\u2019s Vitas gets microfinancing license","author":"enterpriseam admin","date":"28 January 2019","format":false,"excerpt":"Ebtikar for Financial Investment\u2019s Vitas received a micro-financing license and will focus on projects that need up to EGP 100,000 of funding,parent company B Investments said in a bourse disclosure (pdf). B Investments established Ebtikar in June 2017 as a vehicle to invest in the non-banking financial services sector.","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":570701,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/12\/ebtikar-becomes-sole-shareholder-of-vitas-egypt-after-acquiring-remaining-50-stake\/","url_meta":{"origin":628109,"position":4},"title":"Ebtikar becomes sole shareholder of Vitas Egypt after acquiring remaining 50% stake","author":"enterpriseam admin","date":"12 April 2020","format":false,"excerpt":"M&A WATCH- Ebtikar becomes sole shareholder of Vitas Egypt after acquiring remaining 50% stake: Ebtikar Financial Investments has purchased the remaining 50% stake of microfinance company Vitas Egypt, according to an EGX disclosure (pdf). Ebtikar, which is jointly owned by B Investments (50.1%) and MM Group (49.9%), bought Vitas Group\u2019s\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/4\/102.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":629256,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/ebtikar-led-consortium-acquires-odes-stake-in-tamweel-for-egp-360-mn\/","url_meta":{"origin":628109,"position":5},"title":"Ebtikar-led consortium acquires ODE\u2019s stake in Tamweel for EGP 360 mn","author":"enterpriseam admin","date":"27 May 2018","format":false,"excerpt":"M&A WATCH- Ebtikar-led consortium acquires ODE\u2019s stake in Tamweel: A consortium made up of B Investments\u2019 Ebtikar, TCV, and Acquire for Investment acquired Orascom Development Egypt\u2019s (ODE) full 87% stake in Tamweel Group on Thursday. The transaction valued Tamweel at EGP 360 mn, ODE said in a regulatory filing (pdf).\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/628109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=628109"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/628109\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/628075"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=628109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=628109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=628109"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=628109"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=628109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}