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Egypt : Tamweely Microfinance launches new financing line to back SMEs

Tamweely Microfinance will launch a new financing business line within the coming days to serve small and medium-sized enterprises (SMEs) after being licensed by the Financial Regulatory Authority (FRA), as per an emailed press release on July 31st.

The new line will provide financing ranging between EGP 220,000 and EGP 7 million per ticket for a start, targeting SMEs.

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