Arab Finance: Cash for Microfinance, a subsidiary of Beltone Holding, has signed a cooperation protocol with Microfinanza Italia to implement a project worth over €2.2 million (EGP 110 million) to economically support and empower entrepreneurs, as per a press release on May 20th.
This protocol aims to broaden the horizon of financial services, offering assistance to entrepreneurial projects via the allocation of financial resources and technical support.
Furthermore, the partnership is set to drive the success of startups and small businesses which, in turn, fuels economic growth by improving access to capital and financial instruments.
“Our goal is to establish business incubators as hubs for economic development, nurturing entrepreneurs with unique ideas and innovations enabling productive economic ventures,” Cash for Microfinance’s CEO Morcos Nabil commented.