Microfinance Programs
1990s with support from several sources, notably the
Social Fund for Development, the US International
Development Agency, USAID, and the Credit Guarantee
Corporation (CGC).
Most microfinance service providers operate as NGOs
under a legal framework not adapted to microfinance.
Egypt has the largest potential market for microentre-
prenuers in the Arab world with an estimation of 1.5 to
2 million non-agricultural private businesses, but only a
small percentage of this large market is covered.
After signing the Cooperative Agreement with USAID in
October 1997, DBACD provided microcredit through two
loan products, the individual loan started in 1998 and
the group loan (Bashayer) started in 2001. In November
2006, DBACD had an outstanding portfolio of 10.8 million USD for 29,106 individual
loan clients and 37,000 group loan clients in the Dakahlya governorate.
Social Fund for Development, the US International
Development Agency, USAID, and the Credit Guarantee
Corporation (CGC).
Most microfinance service providers operate as NGOs
under a legal framework not adapted to microfinance.
Egypt has the largest potential market for microentre-
prenuers in the Arab world with an estimation of 1.5 to
2 million non-agricultural private businesses, but only a
small percentage of this large market is covered.
After signing the Cooperative Agreement with USAID in
October 1997, DBACD provided microcredit through two
loan products, the individual loan started in 1998 and
the group loan (Bashayer) started in 2001. In November
2006, DBACD had an outstanding portfolio of 10.8 million USD for 29,106 individual
loan clients and 37,000 group loan clients in the Dakahlya governorate.
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