Egypt-based Cash for Microfinance has partnered with Microfinanza Italia to launch a $2.4 million project aimed at supporting and empowering Egyptian entrepreneurs.
Founded in 2020 and acquired by Beltone Holdings in September 2023, Cash provides microfinance solutions to entrepreneurs in Upper Egypt, while Microfinanza improves global access to finance. We are a consulting company that provides expertise and tools for
The partnership between the two companies aims to launch projects for financial support and empowerment of entrepreneurs worth over USD 2.4 million, which will expand the scope of financial services and provide capital and technical expertise. By providing this, we can provide strong support for entrepreneurs’ ventures.
“We believe this protocol is an extension of our efforts to work with international donors and is in line with the Egyptian government’s directive to strengthen and support small and medium-sized enterprises to achieve economic independence,” said Cash CEO Morkos Nabil.
“Our goal is to establish a business incubator as a hub for economic development and to nurture entrepreneurs with unique ideas and innovations that enable productive economic ventures. In addition, one of our goals is to support entrepreneurs and spread the culture of self-employment to strengthen the country’s industry. We provide comprehensive training, technical and financial support, equipping start-ups with the resources and networks they need to overcome challenges, strengthen their competitiveness and expand investment. Finally, we are committed to linking scientific research with industry to achieve a competitive knowledge economy and improve the business environment.”
