CGC Egypt continuous role in supporting SMEs in three governorates
Empowering and supporting SMEs, CGC Daman Egypt was successful in organizing four specialized training courses for small and medium enterprises (SMEs). In partnership with the Egyptian Banking Institute (EBI), the training program took place in three governorates: Qena, Sohag, and Alexandria. With an aim to help and provide valuable non-financial solutions to SMEs. CGC increased their chances of obtaining financing and expanding their business through the training course ‘’ Entrepreneurship how to deal with banks’ ‘workshop.
The training courses were supervised by Hisham Halawa, CEO of International Finance and Partnerships at CGC, Ihab Abdeen, Head of Credit, and Habiba Mukhtar, Director of Marketing and Communications.
Sixty SMEs attended the training courses, raising the total number of beneficiaries to 120 for this year. Through this program, CGC is dedicated to empowering small businesses in /Egypt, ensuring their continuity, and fostering growth and prosperity. By providing ongoing consultations and training services, CGC is able to support them navigate and overcome current market challenges.
Hisham Halawa, Financial Institutions & Partnership Executive Director at CGC, emphasized the company’s commitment to empowering small, medium, and micro enterprises in Egypt. CGC actively supports SME’s lacking sufficient collateral to secure credit from financial institutions by offering targeted training programs and consulting services, enhancing their potential for growth and development.
Since its establishment, CGC has successfully supported thousands of small and medium-sized enterprises, creating 225,000 job opportunities while generating a total value exceeding 181 billion Egyptian pounds. For over three decades, CGC’s unwavering commitment has underscored its vital role in fostering the growth and resilience of small and medium-sized businesses in the Egyptian economy.
CGC was established in 1991 as an Egyptian joint-stock company adhering to international operational standards for guarantees and under the Central bank of Egypt (CBE) supervision, since that time CGC served as SME’s reliable hub and enablers in Egypt through facilitating a variety of financial and non-financial products and services.
CGC has been encouraging all financial institutions (both banks and non-banks) to provide financing to micro, small, and medium-sized enterprises (MSMEs).
