QNB AlAHLI obtains $20M from EBRD for women entrepreneurs

CAIRO – 14 November 2017: The European Bank for Reconstruction and Development (EBRD) offered a senior loan of $20 million to QNB ALAHLI to finance small and medium enterprises, the financial institution announced Tuesday on the sidelines of the EBRD Business Forum in Cairo.

Through this loan, QNB AlAHLI will provide business advice, training and support for women entrepreneurs and women-led businesses, as part of the EBRD’s new Egypt Women in Business program.

QNB ALAHLI and other local banks will have access to EBRD’s technical cooperation program to develop a better understanding and financial services tailored to the needs of women-led SMEs.

“We are pleased to continue our successful partnership with EBRD aiming for the same goals and priorities in helping women entrepreneurs and further supporting the women in the Egyptian labour market and encouraging them to participate in the ownership, management and development of various projects and help them to find the tools necessary to meet the challenges of the labour market,” Chairman of QNB ALAHLI Mohamed El Dib said.