Global Corp secures international funding to support small businesses in Egypt
Global Corp for Financial Services, a leading provider of financial solutions in Egypt, has announced its success in securing new funding worth 15 million US dollars, equivalent to approximately 795 million Egyptian pounds. This funding comes from the European Bank for Reconstruction and Development (EBRD).
This strategic move aims to enhance the company's ability to expand its loan portfolio dedicated to small, medium, and micro-enterprises in the Egyptian market. These projects are a fundamental pillar of the national economy, as they contribute to creating new job opportunities and supporting innovation across various sectors.
Through this collaboration with the European Bank, Global Corp seeks to provide more flexible and diverse financing solutions for startups and existing businesses. This financial support is expected to help promote financial inclusion and facilitate business owners' access to the liquidity needed to develop their projects.
This funding comes within the framework of international institutions' efforts to support the private sector in Egypt, especially in light of current economic challenges. This partnership underscores the confidence of global institutions in the stability and strength of the non-banking financial services sector in Egypt and its ability to achieve sustainable growth in the future.