Arab Finance: The Financial Regulatory Authority (FRA) issued Decrees No. 17 and 18 of 2025 on raising the maximum financing from companies, associations, and non-governmental organizations (NGOs) for micro-enterprises, as per a statement.
Accordingly, the maximum limit for financing increased by 10% to EGP 266,000 from EGP 242,000, with the aim of enabling individuals and companies to start or develop projects and increase their competitiveness.
Such an amendment is also made to confront the effects of persisting inflation rate, backing the state's efforts to achieve the economic development plan.
The FRA also raised the maximum micro-insurance coverage for the micro-insurance business by 25% to EGP 312,500 from EGP 250,000, in line with economic variables and the implementation of the Unified Insurance Law.
Mohamed Farid, the Chairman of FRA, highlighted that this decision reflects the authority’s keenness to achieve business sustainability, especially in the microfinance sector.
Farid noted that the value of financing granted by companies, associations, and NGOs to finance micro-projects amounted to EGP 73.9 billion for 3.1 million beneficiaries in the first 11 months of 2024 .
Meanwhile, the financing balances reached EGP 61.4 billion at the end of November 2024.