MSMEDA signs 5 pacts to finance micro-enterprises in Aswan

CAIRO - 17 March 2022: The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has signed five agreements, worth LE 66 million, in cooperation with the NGOs to finance micro-enterprises in Aswan.

 

Under the agreements, a host of micro-enterprises will be financed in form of loans in the most needy areas targeted by the “Decent Life” initiative in Aswan Governorate.

 

In a statement Thursday, the MSMEDA said that the agreements came as part of the "Decent Life" presidential initiative to develop the rural areas, a matter which will improve the quality of life in the poorest rural areas.

 

All the necessary financial and technical support will be provided to enhance the small and medium-sized enterprises in such areas, it added.