Fawry’s (FWRY) subsidiary Fawry Microfinance has reached EGP 1 billion in total loan disbursal since it started its operations in 2018.
More Details Fawry Microfinance’s portfolio achieved robust growth in 2021 as it stands at EGP 437 million by the end of 2021, up by 67%.
Why this Matters The company serves around 33,000 micro-entrepreneurs across 25 governorates in Egypt. The company also had a collection rate (amount collected as a percentage of amount billed) of 98.5% in 2021, which drove the volumes & transactions of the business.
