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29.2 million100,807290.20.056.0 million0
Mission:
The project aims to develop and promote existing small and micro enterprises, to raise funds and income of SMEs, to help the transformation of SMEs from informal to formal sector, and ultimately contribute to solving the radical and chronic unemployment problem.
Background and Main Challenges:
The ABA/SME project was launched in January 1990. After two years of operation, the project generated enough income to cover all operating costs. In 1994, ABA's operating cost ratio ranked among the best in the world. In May 1997, the project expanded its operations to cover other provinces. ... Read more
The ABA/SME project was launched in January 1990. After two years of operation, the project generated enough income to cover all operating costs. In 1994, ABA's operating cost ratio ranked among the best in the world. In May 1997, the project expanded its operations to cover other provinces. In June 1998, the UNDP signed a contract with ABA to act as the International Technical Service Provider for its MicroStart Program in Bahrain and in 1999 a similar contract was signed for the republic of Yemen. In September of 2001 the project won the AGFUND first place prize in the second category. The project now is under an implementation study to become one of the renowned SME banks in the region Hide
Address:
52 El Horreya St. - Attarin
Alexandria
Egypt
Phone:
00 20 3 487 2390
Fax:
00 20 3 487 2390
Email:
mtabaa
aba-sme [dot] com
aba-sme [dot] com Website:
Main Funding Sources:
Grants
Products and Services:
Loans
Training and Consulting
Products:
Loan products as well as training and consulting services
Looking for (Investment Types):
Equity investments
% Operations Comprised by MF:
91-100
Date established:
Jan 1 1983
FYE:
31-Dec
Current Legal Status:
NGO
Regulated:
no
