Egypt

Jul 06, 2020
CHF Management and Consulting Services Egypt S.A.E. (CHF MCSE) provides loan guarantees to small- and medium-enterprises (SMEs) in Egypt and produced a new report called Covid-19 Impact on Performance of Micro and Small Businesses in Egypt. In light of the Covid-19 situation across the country of Egypt, SMEs are up against exceptional challenges whose effects will be felt for a long time to come. The report outlines the impact of the crisis on Micro- and Small-enterprises as well as their readiness to address the current crisis and its aftermath. Furthermore, this study will shed light on response measures adopted by... Read more
Jun 24, 2020
CHF Management and Consulting Services Egypt S.A.E. (CHF MCSE) provides loan guarantees to small- and medium-enterprises (SMEs) in Egypt and produced a new report called Covid-19 Impact on Performance of Micro and Small Businesses in Egypt. In light of the Covid-19 situation across the country of Egypt, SMEs are up against exceptional challenges whose effects will be felt for a long time to come. The report outlines the impact of the crisis on Micro- and Small-enterprises as well as their readiness to address the current crisis and its aftermath. Furthermore, this study will shed light on response measures adopted by... Read more
Feb 05, 2020
CHF Management and Consulting Services Egypt S.A.E. (CHF MCSE) provides loan guarantees to small- and medium-enterprises (SMEs) in Egypt. With funding from Overseas Private Investment Corporation (OPIC), Global Communities through CHF MCSE has established a $250 million loan guaranty facility to support lending to the enterprise sector in Egypt with a strong focus on the SME sector. Priority is given to loans with the highest job generation or retention potential. The facility can also be extended to guarantee bank loans to micro finance institutions. The program provides technical assistance and training programs on a demand-driven basis to officers and managers from partner banks. Please click below to view the CHF MCSE February 2020 newsletter in ... Read more
Jan 15, 2020
CHF Management and Consulting Services Egypt S.A.E. (CHF MCSE) provides loan guarantees to small- and medium-enterprises (SMEs) in Egypt. With funding from Overseas Private Investment Corporation (OPIC), Global Communities through CHF MCSE has established a $250 million loan guaranty facility to support lending to the enterprise sector in Egypt with a strong focus on the SME sector. Priority is given to loans with the highest job generation or retention potential. The facility can also be extended to guarantee bank loans to micro finance institutions. The program provides technical assistance and training programs on a demand-driven basis to officers and managers from partner banks. Please click below to view the CHF MCSE January 2020 newsletter in... Read more
Dec 12, 2019
CHF Management and Consulting Services Egypt S.A.E. (CHF MCSE) provides loan guarantees to SME loans in Egypt. With funding from Overseas Private Investment Corporation (OPIC), Global Communities through CHF MCSE has established a $250 million loan guaranty facility to support lending to the enterprise sector in Egypt with a strong focus on the small- and medium-enterprise (SME) sector. Priority is given to loans with the highest job generation or retention potential. The facility can also be extended to guarantee bank loans to micro finance institutions. The program provides technical assistance and training programs on a demand-driven basis to officers and managers from partner banks. Please click below to view the November 2019 newsletter for CHF Management and Consulting Services... Read more
Jun 05, 2019
Vitas Group recently issued a report including a Gender Action Plan that seeks to offer tailored services and a better understanding of the needs of women clients, which is expected to result in improved retention and outreach for borrowers. Vitas Group is a Global Communities enterprise established in 2006 as a microfinance holding company with subsidiaries in Lebanon, Romania, Jordan and Palestine, and affiliates in Iraq and Egypt. In 2018 the Vitas Group launched the Vitas Values Equality initiative to raise awareness and secure from all tiers of management a commitment to embracing gender equality across the network. Then in March of this year Vitas Iraq,... Read more
May 01, 2019
In Egypt, women entrepreneurs are often overlooked for funding by financial institutions in a male-dominated business world. Ensuring these women have access to financial skills and loan opportunities is a priority of CHF Management and Consulting Services Egypt SAE, which is Global Communities’ development finance consultancy in Egypt. In order to achieve this priority, the group holds a number of workshops targeting women who own businesses or are interested in doing so. On April 15-16, 2019, CHF Egypt, in collaboration with women’s empowerment group, Confessions of a Married Woman, held one of these capacity training initiative for women in business. The free-of-charge workshop was held at the Degla Campus co-working... Read more
Dec 15, 2018
Message from Elissa McCarter-LaBorde, CEO of Vitas Group The year 2017 marked several exciting developments for Vitas Group. We signed shareholders agreements and closed investments with new commercial partners in Lebanon and Egypt. Saradar Bank purchased a 49 percent stake in Vitas Lebanon and committed $20 million in new debt financing to expand our footprint across the country. Saradar Bank is a premier financial institution in Lebanon and has been at the center of Lebanese banking for over 60 years. Egyptian private equity firm BPE Partners, through its new subsidiary “Ebtikar,” entered a 50/50 joint venture to launch Vitas Egypt. Vitas Egypt will be the first microfinance company in the country... Read more
Apr 17, 2017
Digital Financial Services: The Next Frontier For Financial Inclusion In The Middle East BY ELISSA MCCARTER-LABORDE This article was originally published on SAIS Perspectives Elissa McCarter-LaBorde, Chief Executive Officer of Vitas Group, is Vice President of Development Finance for Global Communities, where over the last 12 years she has built the technical department that manages Global Communities’ microfinance, SME, and housing finance operations. Ms. LaBorde has 18 years' experience as a microfinance practitioner. Prior to Global Communities, she spent seven years in the field, having started up and managed two microfinance institutions in Armenia and Turkey, and... Read more
Jan 09, 2015
Loan Guarantee Facilities: Promoting Business in Emerging Economies Global Communities is an experienced provider of financial services. Our work in financial inclusion began by pioneering housing microfinance in the 1980s and today provides support in the areas of micro, SME and housing finance. Since 2008, Global Communities has been a leading provider of loan guarantees, in partnership with the Overseas Private Investment Corporation, the US Agency for International Development and US Department of Agriculture. Through our loan guarantee facilities, we help businesses in emerging economies that are too large for traditional microfinance and too small for commercial banks to access credit, by partially... Read more
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