Access to financial services for small and medium enterprises
The GIZ initiative Promotion of access to finance for small and medium enterprises focused on promoting non-bank financial institutions (NBFI) and the services they offer to SMEs in Egypt. The overall aim was to promote competitiveness as well as employment creation by enabling SMEs to access adequate financial services. The project consisted of five components:
- Improving the legal and regulatory framework for NBFIs;
- strengthening the financial market infrastructure;
- developing the capacities of NBFIs;
- improving access to finance for young companies (Start-ups).
GFA implemented institutional development of selected NBFIs covering private equity, venture capital, leasing and factoring institutions. GFA provided strategic, operational and technical support in the process of expanding their SME product portfolios to a maximum of six partnering financial institutions.