Cairo – Mubasher: CEO of Aman for Financial Services, Hazem Moghazi, said that an amount of EGP 240 million had been recently invested to increase Aman Group’s capital to EGP 615 million.
This comes in an effort to grow the group’s footprint in the local market, serving more clients and beneficiaries, according to a press release.
Moghazi added that Aman for Financial Services works to continuously diversify its services in order to become the first choice to all client categories, particularly those not listed in the banking sector.
To achieve this, Moghazi explained that the company provides quick and flexible consumer finance (installment services) covering the most demanded sectors namely, cars, electronics, and furniture. Hence, the value of the consumer finance portfolio exceeded EGP 2 billion, serving more clients in line with Aman’s vision to support financial inclusion.
CEO and managing director of Aman for Microfinance, Ahmed Elkhatib, said the company is committed to supporting small and medium-sized projects in light of the accelerated dilemmas and changes while achieving sustainability.
Moreover, Elkhatib added that the company intends to pump microfinance worth EGP 3.2 billion in the current year, in addition to a sum of EGP 500 million to small and medium-sized projects.
Year-to-date (YTD), the company has approximately financed more than 70,000 clients with EGP 1.5 billion, Elkhatib revealed.
