Agricultural Bank of Egypt Launches New Facilities Through ‘Bab Rizq’ Program

Source: Zawya

Agricultural Bank of Egypt (ABE) announced offering new facilities to the beneficiaries of “Bab Rizq” microfinance program, Daily News reported. The step is part of the Central Bank of Egypt’s (CBE) initiative to promote financial inclusion for farmers, on the occasion of Egyptian Farmer’s Day.

The bank will waive the first repayment instalment with a maximum of EGP 500 for individuals wishing to obtain microfinance on 10-30 September.