CHF Management and Consulting Services Egypt S.A.E

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Our Story

With funding from U.S. International Development Finance Corporation (DFC) (formerly Overseas Private Investment Corporation -OPIC), Global Communities has established a $250 million loan guaranty facility to support lending to the enterprise sector in Egypt with a strong focus on the small- and medium-enterprise (SME) sector. The facility guarantees loans by local banks to enterprises with at least two of the following three characteristics: (i) not more than 300 employees, (ii) total assets not exceeding the Egyptian Pound Equivalent of $15,000,000, and (iii) annual revenues not exceeding the Egyptian Pound Equivalent of $15,000,000. Priority is given to loans with the highest job generation or retention potential. The facility can also be extended to guarantee bank loans to microfinance institutions. The program provides technical assistance and training programs on a demand-driven basis to officers and managers from partner banks.

U.S. International Development Finance Corporation (DFC( (formerly Overseas Private Investment Corporation -OPIC) is America’s development bank. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today.

This Project will have a positive developmental impact in Egypt by supporting local currency loans to SMEs and MFIs that lend to micro-borrowers in a variety of sectors. This Project is part of a loan guarantee facility in Egypt to spur growth in the SME sector, which, in this time of economic uncertainly, has limited access to capital. To support the success of this lending, CIB identifies areas of business needs at its client SMEs, and directs these companies to receive technical assistance subsidized under the Project. According to the EBRD, only about seven percent of SME working capital needs are funding through bank credit, and only six percent of all loans in Egypt’s entire banking sector are issued to MSMEs. The Project aligns with UN Sustainable Development Goals, including #1 (No Poverty), and #8 (Decent Work and Economic Growth)