Egypt’s Cooperative Ins. Society to cover NGOs clients’ loans
Saturday, 10 26 2019, Category: Insurance and Reinsurance, Country: Egypt
Egypt’s Cooperative Insurance Society (CIS) said on Saturday it has signed insurance cover agreements with two Egyptian non-governmental organisations (NGOs).
The two NGOs are I the Egyptian (Ana El Masry) Foundation and the Egyptian Foundation for Family, CIS managing director Anwar Zekri told Amwal Al Ghad.
At total sum insured of around 42.5 million Egyptian pounds ($2.6 million), the policy will see CIS covering finances and loans granted to these NGOs’ clients against credit risks and non-payment, Zekri added.
Source: Amwal Al Ghad