by Elva Montelongo -

MICROCAPITAL BRIEF: Reefy Microfinance Borrows $6.5m from EBRD for Youth-led MSMEs in Egypt

Reefy Microfinance Enterprise Services, an Egypt-based microfinance institution (MFI), recently agreed to accept a loan of EGP 200 million (USD 6.5 million) from the UK-based European Bank for Reconstruction and Development (EBRD). The loan is part of EBRD’s

by Meghan Gillis -

MICROCAPITAL BRIEF: Citing Bank Delays, Kenya’s Youth Enterprise Development Fund (YEDF) to Boost Direct Lending to Young Entrepreneurs

The Youth Enterprise Development Fund (YEDF), a Kenyan state corporation established in 2006 that provides loans for youth-owned or youth-focused enterprises, reportedly has applied for a deposit-taking microfinance license from the Central Bank of Kenya, and will increase its focus on providing loans directly to young entrepreneurs in Kenya.