Cairo – Mubasher: Vitas Egypt for Micro Finance aims to pump funding worth EGP 300 million during 2020, the company’s CEO Hossam Heiba told Mubasher.
The microfunding firm has obtained a loan worth EGP 50 million from the National Bank of Egypt (NBE), Heiba revealed.
The company is also in talks with four local banks to receive a funding worth EGP 200 million, he remarked.
Vitas Egypt for Micro Finance also aims to raise its paid-up capital to EGP 65 million by January from the current EGP 20 million.
