During the third quarter of 2020, microfinance credit geared towards trade covered 61.3 percent of the microfinance activities. Moreover, microcredit to the agricultural and services sectors occupied 16.9 percent and 14.6 percent of the total capital provided in the same period, respectively. Overall, Egypt's informal economy is significant, and the microfinance institutions aim to increase financial inclusion, widen the tax base, and support small and medium enterprises.
Microfinance credit in Egypt as of the third quarter of 2020, by activity
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Share of microfinance credit
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Oxford Business Group. (May 1, 2021). Microfinance credit in Egypt as of the third quarter of 2020, by activity [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1257914/microfinance-credit-by-activity-in-egypt-in-2020/
Oxford Business Group. "Microfinance credit in Egypt as of the third quarter of 2020, by activity." Chart. May 1, 2021. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1257914/microfinance-credit-by-activity-in-egypt-in-2020/
Oxford Business Group. (2021). Microfinance credit in Egypt as of the third quarter of 2020, by activity. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1257914/microfinance-credit-by-activity-in-egypt-in-2020/
Oxford Business Group. "Microfinance Credit in Egypt as of The Third Quarter of 2020, by Activity." Statista, Statista Inc., 1 May 2021, https://www.statista.com/statistics/1257914/microfinance-credit-by-activity-in-egypt-in-2020/
Oxford Business Group, Microfinance credit in Egypt as of the third quarter of 2020, by activity Statista, https://www.statista.com/statistics/1257914/microfinance-credit-by-activity-in-egypt-in-2020/ (last visited July 22, 2024)
Microfinance credit in Egypt as of the third quarter of 2020, by activity [Graph], Oxford Business Group, May 1, 2021. [Online]. Available: https://www.statista.com/statistics/1257914/microfinance-credit-by-activity-in-egypt-in-2020/
