Cairo – Mubasher: SANAD Fund for MSME (SANAD) said it has pledged additional $10 million senior loan to AlexBank to support the lender’s ongoing expansion of financing for Egyptian micro, small and medium enterprises (MSMEs).
AlexBank operates a specialized SME department along with decentralized SME business centers throughout the country to increase outreach and access to finance.
“The MSME segment is of vital importance for the healthy growth of the Egyptian economy,” said Dante Campioni, Managing Director and CEO of ALEX BANK.
