MSMEDA and Aman Holding Sign EGP 250 Million Financing Agreement to Empower Egyptian Micro-Enterprises
The Micro, Small and Medium Enterprises Development Agency (MSMEDA) has signed a new EGP 250 million financing contract with Aman Holding, a subsidiary of Raya Holding. The strategic agreement aims to expand access to funding for micro-enterprise owners and entrepreneurs across all Egyptian governorates.
The contract was officially signed by Mostafa Hassan, CEO of MSMEDA, and Hazem Mohamed Maghazy, CEO of Business and Commercial Affairs at Aman Holding. The signing ceremony was attended by senior executives from both entities, including Mohamed Medhat, Deputy CEO of MSMEDA, and Ayman Basiouny, CFO of Aman Holding.
Driving Entrepreneurship and Financial Inclusion
Mostafa Hassan emphasized that ongoing cooperation with development partners is a core pillar of MSMEDA's strategy to expand microfinance. The agency focuses specifically on funding productive projects and incentivizing informal businesses to integrate into the formal economy.
Hassan noted that the partnership aligns with state directives led by Prime Minister Dr. Mostafa Madbouly (Chairman of MSMEDA) to foster a supportive environment for self-employment and entrepreneurship. The newly allocated funds will directly support the development, replacement, and renewal of micro-projects, ensuring their long-term sustainability and job creation potential.
Financing Snapshot and Operational Scale
The table below highlights the key metrics and operational scope of the new financing agreement:
Metric / AspectDetails
Total Financing ValueEGP 250 Million
Target BeneficiariesApproximately 2,500 micro-enterprises
Maximum Loan per ProjectUp to EGP 292,000
Aman's Delivery NetworkDistributed across 233 branches nationwide
Primary ObjectivesJob creation, production enhancement, and integration into the formal economy
Aman Holding's Strategic Commitment
Hazem Mohamed Maghazy expressed his pride in renewing the strategic partnership with MSMEDA, underscoring Aman's commitment to supporting the backbone of the national economy.
Maghazy stated that Aman Holding will leverage its extensive network of 233 branches to deliver fast, flexible financing solutions that meet the evolving needs of project owners. This initiative is heavily aligned with Aman’s vision for digital transformation and building a more efficient, inclusive financial ecosystem in Egypt.
Ultimately, the partnership serves the broader national agenda of expanding financial inclusion, empowering small-scale investors, and enhancing the resilience and competitiveness of the Egyptian economy.