{"id":45981,"date":"2019-11-05T19:17:56","date_gmt":"2019-11-05T17:17:56","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=45981"},"modified":"2019-11-05T19:17:56","modified_gmt":"2019-11-05T17:17:56","slug":"ebrd-extends-5-m-to-egypt-in-support-of-women-led-msmes","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/ebrd-extends-5-m-to-egypt-in-support-of-women-led-msmes\/","title":{"rendered":"EBRD extends $5 m to Egypt in support of women-led MSMEs"},"content":{"rendered":"<p style=\"direction: ltr;\">The European Bank for Reconstruction and Development (EBRD) will extend a five-billion-dollar loan to Egypt in support of women-led micro, small and medium-sized enterprises (MSMEs).<\/p>\n<p style=\"direction: ltr;\">This is EBRD\u2019s first engagement in the Egyptian microfinance segment.<\/p>\n<p style=\"direction: ltr;\">Under the Bank\u2019s\u00a0<a href=\"http:\/\/ebrdwomeninbusiness.com\/?s=home&amp;country=EG&amp;language=ar\">Women in Business<\/a>\u00a0(WiB) program in\u00a0<a href=\"https:\/\/www.ebrd.com\/where-we-are\/egypt\/overview.html\">Egypt,<\/a>\u00a0the loan in local currency will go to Tanmeyah Microenterprise Services to increase access to finance for women-led MSMEs which remain an underserved segment in Egypt.<\/p>\n<p style=\"direction: ltr;\">The loan will be indexed to CONIA (Cairo Overnight Interbank Average), the new Egyptian risk-free rate recently developed by the Egyptian Money Market Contact Group, which brings together representatives of the central bank, commercial banks and the EBRD.<\/p>\n<p style=\"direction: ltr;\">The WiB loan will help Tanmeyah to introduce new financial products, modified lending practices and business models that are more inclusive and gender-responsive. Tanmeyah will also implement a digital transformation strategy.<\/p>\n<p style=\"direction: ltr;\">Supported by funds from the\u00a0<a href=\"https:\/\/ec.europa.eu\/neighbourhood-enlargement\/neighbourhood\/eu-initiative-financial-inclusion_en\">European Union Initiative for Financial Inclusion<\/a>, Tanmeyah will benefit from internal capacity-building and skills development to more accurately understand and serve the financial needs of women-led MSMEs. In addition, capacity-building and advisory services will be delivered directly to women-led MSMEs under the program to support women entrepreneurs\u2019 know-how, in conjunction with EBRD Advice for Small Businesses.<\/p>\n<p style=\"direction: ltr;\">Tanmeyah is the largest of nine private Egyptian microfinance institutions.<\/p>\n<p style=\"direction: ltr;\"><a href=\"https:\/\/www.ebrd.com\/egypt.html\">Egypt<\/a>\u00a0is a founding member of the EBRD. Since the start of its operations in the country in 2012, the Bank has invested over \u20ac5 billion in 99 projects in the country. In 2018, Egypt was the EBRD\u2019s largest economy where the Bank invests, in terms of new commitments.<\/p>\n<p style=\"direction: ltr;\">\n","protected":false},"excerpt":{"rendered":"<p>The European Bank for Reconstruction and Development (EBRD) will extend a five-billion-dollar loan to Egypt in support of women-led micro, small and medium-sized enterprises (MSMEs). This is EBRD\u2019s first engagement in the Egyptian microfinance segment. Under the Bank\u2019s\u00a0Women in Business\u00a0(WiB) program in\u00a0Egypt,\u00a0the loan in local currency will go to Tanmeyah Microenterprise Services to increase access [&hellip;]<\/p>\n","protected":false},"author":410,"featured_media":45982,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6294,984,6095,6030],"tags":[6087,7370,6402,6248,6463],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EBRD extends $5 m to Egypt in support of women-led MSMEs - Csr 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:\/\/csregypt.com\/en\/ebrd-extends-5-m-to-egypt-in-support-of-women-led-msmes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EBRD extends $5 m to Egypt in support of women-led MSMEs - Csr Egypt\" \/>\n<meta property=\"og:description\" content=\"The European Bank for Reconstruction and Development (EBRD) will extend a five-billion-dollar loan to Egypt in support of women-led micro, small and medium-sized enterprises (MSMEs). This is EBRD\u2019s first engagement in the Egyptian microfinance segment. Under the Bank\u2019s\u00a0Women in Business\u00a0(WiB) program in\u00a0Egypt,\u00a0the loan in local currency will go to Tanmeyah Microenterprise Services to increase access [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/csregypt.com\/en\/ebrd-extends-5-m-to-egypt-in-support-of-women-led-msmes\/\" \/>\n<meta property=\"og:site_name\" content=\"Csr Egypt\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/csregypt\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-05T17:17:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/csregypt.com\/wp-content\/uploads\/2019\/11\/1395286274845.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"354\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Marwa Zein\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@egyptcsrforum\" \/>\n<meta name=\"twitter:site\" content=\"@egyptcsrforum\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Marwa Zein\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/csregypt.com\/en\/ebrd-extends-5-m-to-egypt-in-support-of-women-led-msmes\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/csregypt.com\/en\/ebrd-extends-5-m-to-egypt-in-support-of-women-led-msmes\/\"},\"author\":{\"name\":\"Marwa Zein\",\"@id\":\"https:\/\/csregypt.com\/#\/schema\/person\/5df2c73ec5c5eaada424a85f98cd7bec\"},\"headline\":\"EBRD extends $5 m to Egypt in support of women-led MSMEs\",\"datePublished\":\"2019-11-05T17:17:56+00:00\",\"dateModified\":\"2019-11-05T17:17:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/csregypt.com\/en\/ebrd-extends-5-m-to-egypt-in-support-of-women-led-msmes\/\"},\"wordCount\":269,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/csregypt.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/csregypt.com\/en\/ebrd-extends-5-m-to-egypt-in-support-of-women-led-msmes\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/csregypt.com\/wp-content\/uploads\/2019\/11\/1395286274845.jpg\",\"keywords\":[\"#EBRD\",\"#MSMEs\",\"#SDGs\",\"#Women\",\"egypt\"],\"articleSection\":[\"Egypt\",\"news\",\"SMEs\",\"Sustainable Development\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/csregypt.com\/en\/ebrd-extends-5-m-to-egypt-in-support-of-women-led-msmes\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/csregypt.com\/en\/ebrd-extends-5-m-to-egypt-in-support-of-women-led-msmes\/\",\"url\":\"https:\/\/csregypt.com\/en\/ebrd-extends-5-m-to-egypt-in-support-of-women-led-msmes\/\",\"name\":\"EBRD extends $5 m to Egypt in support of women-led MSMEs - 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