Beltone Leasing and Factoring, a subsidiary of Egypt’s Beltone Holding, has successfully secured USD 40 million in loans from two Germany-managed impact investment funds to expand its support for micro, small, and medium enterprises (MSMEs) and green projects across the MENA region. The five-year funding package, split equally between the SANAD Fund for MSME and the Green for Growth Fund (GGF), marks a significant milestone in Egypt’s push toward financial inclusion and sustainable development aligned with the country’s Vision 2030.
By the Numbers
- USD 40 million total funding secured
- USD 20 million from SANAD Fund for MSME support
- USD 20 million from Green for Growth Fund for environmental projects
- 5-year repayment tenor for both loans
- Focus on MENA-wide expansion of services
A Strategic Move for Financial Inclusion
The dual-purpose funding represents a strategic expansion for Beltone Leasing and Factoring as it positions itself as a key player in Egypt’s non-bank financial services sector. The USD 20 million from SANAD will specifically target financial inclusion initiatives for MSMEs and low-income households across the MENA region, addressing a critical gap in access to capital for underserved segments.
Amir Ghannam, Deputy Head of NBFIs for Leasing, Factoring, and Consumer Finance at Beltone, emphasized the transformative nature of this funding: “Securing foreign currency funding from institutions like SANAD and GGF enhances our ability to diversify our capital base and offer more competitive financing solutions. This funding will enable us to strengthen our support for MSMEs while accelerating green projects that contribute to a more sustainable and resilient future.”
Green Finance Takes Center Stage
The USD 20 million allocation from the Green for Growth Fund marks Beltone’s commitment to environmental sustainability. These funds will specifically finance renewable energy projects, energy efficiency initiatives, and sustainable resource use programs throughout the MENA region. This green financing push aligns with global sustainability trends and Egypt’s own environmental goals under Vision 2030.
About the Impact Investors
Both funding sources come from impact investment funds managed by Finance in Motion GmbH, a Germany-based asset manager specializing in sustainable development finance. The SANAD Fund for MSME and the Green for Growth Fund (GGF) focus on advancing sustainable development in emerging and developing economies through collaboration with development finance institutions, private investors, and governments.
Significance for the MENA Ecosystem
This transaction reinforces Egypt’s growing importance as a hub for sustainable finance in the MENA region. By securing funding specifically earmarked for both MSME support and green initiatives, Beltone Leasing and Factoring demonstrates how Egyptian financial institutions can leverage international partnerships to address local and regional development challenges.
The funding also highlights the increasing interest of international impact investors in Egyptian non-bank financial institutions, recognizing their crucial role in reaching underserved market segments that traditional banks often overlook.
Looking Ahead
As part of Beltone Holding’s broader strategy, this funding positions Beltone Leasing and Factoring to expand its innovative non-bank financial solutions across the MENA region. The five-year tenor provides the company with stable, long-term capital to develop new products and services that promote both economic empowerment and environmental sustainability.
The transaction represents a model for how Egyptian financial services companies can attract international impact investment by aligning their business strategies with both local development goals and global sustainability standards. As Egypt continues to pursue its Vision 2030 objectives, partnerships like this demonstrate the private sector’s vital role in achieving national sustainable development goals.
Source: WAYA
