Egypt : Enhancing Access to Finance for Micro and Small Enterprises

This operation provides a $300m line of credit (Financial Intermediary Loan) through Egypt's Social Fund for Development (SFD), the apex body for micro and small enterprise finance, which would on-lend on commercial terms to eligible Non Gover...

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Bibliographic Details
Main Author:	Nasr, Sahar
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCESS TO CREDIT ACCESS TO FINANCE ACCOUNTABILITY ACCOUNTING ADMINISTRATIVE COSTS ADVANCED TECHNOLOGY AGRICULTURAL CREDIT ALLOCATION OF FUNDS APEX INSTITUTIONS BANK LENDING BANK LINKAGES BANKS BORROWING BRANCH BRANCH INFRASTRUCTURE BRANCH NETWORK BRANCH NETWORKS BRANCHES BUSINESS DEVELOPMENT BUSINESS DEVELOPMENT SERVICES BUSINESS OWNERS BUSINESS PLAN CAPACITY BUILDING CAPITAL FINANCE COLLATERAL COLLATERAL REGISTRY COMMERCIAL TERMS CORPORATIONS COUNSEL CREDIT BUREAU CREDIT INFORMATION CREDIT LINE CREDIT SCORING DEGREE OF RISK DEPOSIT DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT BANK DONOR FUNDS ECONOMIC DEVELOPMENT ELIGIBILITY CRITERIA ENTERPRISE CREDIT ENTERPRISE GROWTH EXPANSION EXTERNAL FINANCING FINANCE COMPANIES FINANCE INSTITUTION FINANCES FINANCIAL CRISIS FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARY FINANCIAL PRODUCTS FINANCIAL RESTRUCTURING FINANCIAL STATEMENTS FINANCIAL SUSTAINABILITY FINANCIAL SYSTEMS FIRM SIZE FIRMS FOREIGN CAPITAL GENDER INFORMATION SYSTEMS INSTITUTIONAL CAPACITY INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INVESTMENT CAPITAL INVESTMENT CLIMATE INVESTMENT FINANCE INVESTMENT LOAN LACK OF ACCESS LENDER LENDERS LENDING AGREEMENTS LENDING POLICIES LEVY LINE OF CREDIT LINES OF CREDIT LOAN LOAN ANALYSIS LOAN APPLICATION LOAN-TO-DEPOSIT RATIO MAINSTREAMING GENDER MANAGEMENT INFORMATION SYSTEMS MFI MFIS MICROENTERPRISES MICROFINANCE MICROFINANCE INDUSTRY MICROFINANCE INSTITUTIONS MICROFINANCE MARKET MICROFINANCE REGULATION MICROFINANCE SECTOR MOBILE PHONE MOVEABLE COLLATERAL OUTREACH OVERDRAFT OVERDRAFT FACILITIES OVERDRAFT FACILITY POST OFFICE PRIVATE BANKS PRIVATE CREDIT PRIVATE CREDIT BUREAU PROVISION OF CREDIT REGULATORY FRAMEWORK REGULATORY REFORMS REGULATORY SYSTEM RISK AVERSION SMALL ENTERPRISE SMALL ENTERPRISE FINANCE SMALL ENTERPRISES SMALL FIRMS SOCIAL FUND SPECIALIZED BANKS TECHNICAL ASSISTANCE TECHNICAL SUPPORT WHOLESALE FUNDING WORKING CAPITAL
Online Access:	http://documents.worldbank.org/curated/en/2011/09/15039740/egypt-enhancing-access-finance-micro-small-enterprises http://hdl.handle.net/10986/10865

id	okr-10986-10865
recordtype	oai_dc
spelling	okr-10986-108652021-04-23T14:02:52Z Egypt : Enhancing Access to Finance for Micro and Small Enterprises Nasr, Sahar ACCESS TO CREDIT ACCESS TO FINANCE ACCOUNTABILITY ACCOUNTING ADMINISTRATIVE COSTS ADVANCED TECHNOLOGY AGRICULTURAL CREDIT ALLOCATION OF FUNDS APEX INSTITUTIONS BANK LENDING BANK LINKAGES BANKS BORROWING BRANCH BRANCH INFRASTRUCTURE BRANCH NETWORK BRANCH NETWORKS BRANCHES BUSINESS DEVELOPMENT BUSINESS DEVELOPMENT SERVICES BUSINESS OWNERS BUSINESS PLAN CAPACITY BUILDING CAPITAL FINANCE COLLATERAL COLLATERAL REGISTRY COMMERCIAL TERMS CORPORATIONS COUNSEL CREDIT BUREAU CREDIT INFORMATION CREDIT LINE CREDIT SCORING DEGREE OF RISK DEPOSIT DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT BANK DONOR FUNDS ECONOMIC DEVELOPMENT ELIGIBILITY CRITERIA ENTERPRISE CREDIT ENTERPRISE GROWTH EXPANSION EXTERNAL FINANCING FINANCE COMPANIES FINANCE INSTITUTION FINANCES FINANCIAL CRISIS FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARY FINANCIAL PRODUCTS FINANCIAL RESTRUCTURING FINANCIAL STATEMENTS FINANCIAL SUSTAINABILITY FINANCIAL SYSTEMS FIRM SIZE FIRMS FOREIGN CAPITAL GENDER INFORMATION SYSTEMS INSTITUTIONAL CAPACITY INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INVESTMENT CAPITAL INVESTMENT CLIMATE INVESTMENT FINANCE INVESTMENT LOAN LACK OF ACCESS LENDER LENDERS LENDING AGREEMENTS LENDING POLICIES LEVY LINE OF CREDIT LINES OF CREDIT LOAN LOAN ANALYSIS LOAN APPLICATION LOAN-TO-DEPOSIT RATIO MAINSTREAMING GENDER MANAGEMENT INFORMATION SYSTEMS MFI MFIS MICROENTERPRISES MICROFINANCE MICROFINANCE INDUSTRY MICROFINANCE INSTITUTIONS MICROFINANCE MARKET MICROFINANCE REGULATION MICROFINANCE SECTOR MOBILE PHONE MOVEABLE COLLATERAL OUTREACH OVERDRAFT OVERDRAFT FACILITIES OVERDRAFT FACILITY POST OFFICE PRIVATE BANKS PRIVATE CREDIT PRIVATE CREDIT BUREAU PROVISION OF CREDIT REGULATORY FRAMEWORK REGULATORY REFORMS REGULATORY SYSTEM RISK AVERSION SMALL ENTERPRISE SMALL ENTERPRISE FINANCE SMALL ENTERPRISES SMALL FIRMS SOCIAL FUND SPECIALIZED BANKS TECHNICAL ASSISTANCE TECHNICAL SUPPORT WHOLESALE FUNDING WORKING CAPITAL This operation provides a $300m line of credit (Financial Intermediary Loan) through Egypt's Social Fund for Development (SFD), the apex body for micro and small enterprise finance, which would on-lend on commercial terms to eligible Non Governmental Organizations (NGOs), potential microfinance institutions (MFIs), and banks. The project objective is to increase micro and small enterprise credit sustainably and broaden the outreach of finance through innovative delivery mechanisms and financial products. It plans to contribute to a sustainable improvement in inclusive access to finance for micro and small enterprises on a commercial basis. The Project went to the Board in March 2010 and is planned to be completed at the end of 2015. This note is based on the Project Appraisal Document (PAD). The project is well underway as of the date of this note but it is too early for any implementation lessons to be collected. Overall, lack of access to finance has been a major factor constraining the growth of micro and small enterprises (MSEs) in Egypt. Microenterprise lending in Egypt is supported by a fragmented set of hundreds of NGOs distinct from the mainstream financial sector. SFD finances 390 NGOs that are on-lending to microenterprises, many of which are small in scale. 2012-08-13T13:23:01Z 2012-08-13T13:23:01Z 2011-09 http://documents.worldbank.org/curated/en/2011/09/15039740/egypt-enhancing-access-finance-micro-small-enterprises http://hdl.handle.net/10986/10865 English MNA Knowledge Notes - Lessons from Projects; No. 1 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Middle East and North Africa Egypt, Arab Republic of
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACCESS TO CREDIT ACCESS TO FINANCE ACCOUNTABILITY ACCOUNTING ADMINISTRATIVE COSTS ADVANCED TECHNOLOGY AGRICULTURAL CREDIT ALLOCATION OF FUNDS APEX INSTITUTIONS BANK LENDING BANK LINKAGES BANKS BORROWING BRANCH BRANCH INFRASTRUCTURE BRANCH NETWORK BRANCH NETWORKS BRANCHES BUSINESS DEVELOPMENT BUSINESS DEVELOPMENT SERVICES BUSINESS OWNERS BUSINESS PLAN CAPACITY BUILDING CAPITAL FINANCE COLLATERAL COLLATERAL REGISTRY COMMERCIAL TERMS CORPORATIONS COUNSEL CREDIT BUREAU CREDIT INFORMATION CREDIT LINE CREDIT SCORING DEGREE OF RISK DEPOSIT DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT BANK DONOR FUNDS ECONOMIC DEVELOPMENT ELIGIBILITY CRITERIA ENTERPRISE CREDIT ENTERPRISE GROWTH EXPANSION EXTERNAL FINANCING FINANCE COMPANIES FINANCE INSTITUTION FINANCES FINANCIAL CRISIS FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARY FINANCIAL PRODUCTS FINANCIAL RESTRUCTURING FINANCIAL STATEMENTS FINANCIAL SUSTAINABILITY FINANCIAL SYSTEMS FIRM SIZE FIRMS FOREIGN CAPITAL GENDER INFORMATION SYSTEMS INSTITUTIONAL CAPACITY INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INVESTMENT CAPITAL INVESTMENT CLIMATE INVESTMENT FINANCE INVESTMENT LOAN LACK OF ACCESS LENDER LENDERS LENDING AGREEMENTS LENDING POLICIES LEVY LINE OF CREDIT LINES OF CREDIT LOAN LOAN ANALYSIS LOAN APPLICATION LOAN-TO-DEPOSIT RATIO MAINSTREAMING GENDER MANAGEMENT INFORMATION SYSTEMS MFI MFIS MICROENTERPRISES MICROFINANCE MICROFINANCE INDUSTRY MICROFINANCE INSTITUTIONS MICROFINANCE MARKET MICROFINANCE REGULATION MICROFINANCE SECTOR MOBILE PHONE MOVEABLE COLLATERAL OUTREACH OVERDRAFT OVERDRAFT FACILITIES OVERDRAFT FACILITY POST OFFICE PRIVATE BANKS PRIVATE CREDIT PRIVATE CREDIT BUREAU PROVISION OF CREDIT REGULATORY FRAMEWORK REGULATORY REFORMS REGULATORY SYSTEM RISK AVERSION SMALL ENTERPRISE SMALL ENTERPRISE FINANCE SMALL ENTERPRISES SMALL FIRMS SOCIAL FUND SPECIALIZED BANKS TECHNICAL ASSISTANCE TECHNICAL SUPPORT WHOLESALE FUNDING WORKING CAPITAL
spellingShingle	ACCESS TO CREDIT ACCESS TO FINANCE ACCOUNTABILITY ACCOUNTING ADMINISTRATIVE COSTS ADVANCED TECHNOLOGY AGRICULTURAL CREDIT ALLOCATION OF FUNDS APEX INSTITUTIONS BANK LENDING BANK LINKAGES BANKS BORROWING BRANCH BRANCH INFRASTRUCTURE BRANCH NETWORK BRANCH NETWORKS BRANCHES BUSINESS DEVELOPMENT BUSINESS DEVELOPMENT SERVICES BUSINESS OWNERS BUSINESS PLAN CAPACITY BUILDING CAPITAL FINANCE COLLATERAL COLLATERAL REGISTRY COMMERCIAL TERMS CORPORATIONS COUNSEL CREDIT BUREAU CREDIT INFORMATION CREDIT LINE CREDIT SCORING DEGREE OF RISK DEPOSIT DEPOSITS DEVELOPING COUNTRIES DEVELOPMENT BANK DONOR FUNDS ECONOMIC DEVELOPMENT ELIGIBILITY CRITERIA ENTERPRISE CREDIT ENTERPRISE GROWTH EXPANSION EXTERNAL FINANCING FINANCE COMPANIES FINANCE INSTITUTION FINANCES FINANCIAL CRISIS FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARY FINANCIAL PRODUCTS FINANCIAL RESTRUCTURING FINANCIAL STATEMENTS FINANCIAL SUSTAINABILITY FINANCIAL SYSTEMS FIRM SIZE FIRMS FOREIGN CAPITAL GENDER INFORMATION SYSTEMS INSTITUTIONAL CAPACITY INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INVESTMENT CAPITAL INVESTMENT CLIMATE INVESTMENT FINANCE INVESTMENT LOAN LACK OF ACCESS LENDER LENDERS LENDING AGREEMENTS LENDING POLICIES LEVY LINE OF CREDIT LINES OF CREDIT LOAN LOAN ANALYSIS LOAN APPLICATION LOAN-TO-DEPOSIT RATIO MAINSTREAMING GENDER MANAGEMENT INFORMATION SYSTEMS MFI MFIS MICROENTERPRISES MICROFINANCE MICROFINANCE INDUSTRY MICROFINANCE INSTITUTIONS MICROFINANCE MARKET MICROFINANCE REGULATION MICROFINANCE SECTOR MOBILE PHONE MOVEABLE COLLATERAL OUTREACH OVERDRAFT OVERDRAFT FACILITIES OVERDRAFT FACILITY POST OFFICE PRIVATE BANKS PRIVATE CREDIT PRIVATE CREDIT BUREAU PROVISION OF CREDIT REGULATORY FRAMEWORK REGULATORY REFORMS REGULATORY SYSTEM RISK AVERSION SMALL ENTERPRISE SMALL ENTERPRISE FINANCE SMALL ENTERPRISES SMALL FIRMS SOCIAL FUND SPECIALIZED BANKS TECHNICAL ASSISTANCE TECHNICAL SUPPORT WHOLESALE FUNDING WORKING CAPITAL Nasr, Sahar Egypt : Enhancing Access to Finance for Micro and Small Enterprises
geographic_facet	Middle East and North Africa Egypt, Arab Republic of
relation	MNA Knowledge Notes - Lessons from Projects; No. 1
description	This operation provides a $300m line of credit (Financial Intermediary Loan) through Egypt's Social Fund for Development (SFD), the apex body for micro and small enterprise finance, which would on-lend on commercial terms to eligible Non Governmental Organizations (NGOs), potential microfinance institutions (MFIs), and banks. The project objective is to increase micro and small enterprise credit sustainably and broaden the outreach of finance through innovative delivery mechanisms and financial products. It plans to contribute to a sustainable improvement in inclusive access to finance for micro and small enterprises on a commercial basis. The Project went to the Board in March 2010 and is planned to be completed at the end of 2015. This note is based on the Project Appraisal Document (PAD). The project is well underway as of the date of this note but it is too early for any implementation lessons to be collected. Overall, lack of access to finance has been a major factor constraining the growth of micro and small enterprises (MSEs) in Egypt. Microenterprise lending in Egypt is supported by a fragmented set of hundreds of NGOs distinct from the mainstream financial sector. SFD finances 390 NGOs that are on-lending to microenterprises, many of which are small in scale.
format	Publications & Research :: Brief
author	Nasr, Sahar
author_facet	Nasr, Sahar
author_sort	Nasr, Sahar
title	Egypt : Enhancing Access to Finance for Micro and Small Enterprises
title_short	Egypt : Enhancing Access to Finance for Micro and Small Enterprises
title_full	Egypt : Enhancing Access to Finance for Micro and Small Enterprises
title_fullStr	Egypt : Enhancing Access to Finance for Micro and Small Enterprises
title_full_unstemmed	Egypt : Enhancing Access to Finance for Micro and Small Enterprises
title_sort	egypt : enhancing access to finance for micro and small enterprises
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2011/09/15039740/egypt-enhancing-access-finance-micro-small-enterprises http://hdl.handle.net/10986/10865
_version_	1764414660450189312

Egypt : Enhancing Access to Finance for Micro and Small Enterprises

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