Aman for Microfinance, a subsidiary of Raya Holding for Financial Investment, established in 2018. Works as an arm for Aman Financial services a leading FINTECH company in Egypt, providing suitable timely and diversified financial solutions for the non-banked or those who have limited access to funding empowered by advanced technology solutions to make the process easier, faster, and more beneficial.
The company began its activities in four branches in the governorates of Cairo, Giza, El Mansoura, and Asyut, with plans to reach 55 branches by the end of 2019. These locations have been defined and selected to be as conveniently close to targeted market as possible.
The company is working to increase the number of branches to 150 in five years from its establishment. The new locations will be spread around all governorates and centers in Egypt to present AMAN’s solutions to its target clientele of craftsmen, small businesses, and microenterprises. These services are marked by speed and flexibility, whether that’s in processes of finance exchange, collection, and follow up in cyclical terms or in diversifying and easing methods for electronic payment of installments. AMAN’s branches is linked electronically to its main branch in a way of guaranteeing transaction follow ups on day-to-day basis.
Aman for Microfinance has revealed its strategic plan to double its capital by EGP 50m by the end of this year, taking it to EGP 100 million. Ahmed El-khatib, the general manager and managing director of the company, said that with the growth of the company’s business volume since its launch in 2018, it has […]