FABMISR, an Egypt-based financial institution, has formed a strategic alliance with Cayesh, a player in the supply chain finance sector in the country.
The collaboration is designed to introduce lending programs tailored for micro, small, and medium enterprises (MSMEs) and utilise FABMISR's diverse corporate client base.
The initiative plans to invest approximately USD 21 million in its first year, with the potential to raise the fund to USD 84 million in the following year.
The alliance with FABMISR – known for its dynamic SME lending programs – will have an important impact during this period in Egypt’s financial domain. Both financial institutions are striving to rejuvenate the country’s economic sectors by leveraging technology and executing financial strategies, ultimately driving sustainable expansion for MSMEs.
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