Egypt – microfinance will help cover non-payment risks
Tuesday, 07 14 2015, Category: Insurance and Reinsurance, Country: Egypt
Insurance companies’ officials expect that the enactment of the micro-finance law to contribute to the expansion of their companies into the coverage of non-payment risks of the customers of NGOs.
According to officials of the sector, the insurance of non-payment risks helps these associations and banking institutions in implementing financial plays for individuals and small and medium-sized enterprises.
The new microfinance law will thus have a positive impact on the credit insurance offered by insurers in order for them to fulfill their roles in providing security and insurance coverage for banks and financing institutions which support the economic development of individuals and institutions.
Source: Al Borsa