Thursday, September 17, 2015

Alexandria Egypt August 2015

The ABA (Alexandria Businessmen's Association has been a vibrant MFI (Micro Finance Institution) in Egypt for more than 25 years. It serves 9 surrounding areas with innovative programs that assist the very poor to understand and utilize finance successfully. My assignment was with IESC (International Executive Services Corps)and Land O Lakes. The assignment was necessitated by a Fall 2014 Egyptian law which required MFIs to segregate all loans over 100,000 EGP into a subsidiary for Micro and Small Entreprises. My assignment was to work with the Credit Review Approval and Credit Review Decision groups to structure changes that were needed.
The Land O Lakes Staff on site is excellent; logistics were handled with professional and The ABA staff gave much of their time and energy to the project. Many thanks!

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