Early Warning System

Countries

Egypt

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Oct 21, 2025

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Fawry MSME Finance

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Finance
Industry and Trade

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 5.26 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 250
Converted using 2025-10-21 exchange rate.

Project Cost (USD)

$ 5.26 million

Bank Documents

PSD Translation (Arabic)

Primary Source

Original disclosure @ EBRD website

Updated in EWS Nov 11, 2025

Disclosed by Bank Oct 21, 2025

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the project consists of the provision of a senior unsecured loan in local currency of up to EGP 250 million (EUR 4.5 million equivalent) in favour of Fawry MSME Finance. The loan is under the Egypt Youth in Business ("Egypt YiB") programme to on-lend to private youth-led and/or owned MSMEs in Egypt, particularly in remote regions. The loan will also be accompanied by a comprehensive package of technical cooperation, first-loss risk cover, and incentives, funded by the EU Neigbourhood Investment Facility, the EBRD's Shareholder Special Fund, and the EU - Egypt Micro and Small Inclusion Programme, aimed at strengthening the capabilities of Fawry MSME and the sub-borrowers while alleviating the impact of macroeconomic turbulences on end-beneficiaries.

The loan aims at opening up economic opportunities for young people and promoting their access to finance by supporting the development of youth-led and/or owned enterprises and the non-bank financial services industry in Egypt. The proceeds will be used to support lending to eligible privately-owned youth-led MSMEs under the Egypt Youth in Business Programme ("Egypt YiB", the "Programme"), with a focus on regional outreach and attraction of new youth MSME clients.

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Categorised FI (ESP 2024). Fawry MSME (the Company) is a new client of the EBRD. Eligible subprojects will support MSME finance for youths, which are likely to be associated with low environmental and social (E&S) risk. The main E&S risks relate to the client's capacity to implement an Environmental and Social Management System (ESMS) and potential impacts arising from the financed subloans, and related supply chain, labour, occupational health and safety, and cybersecurity issues.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

A senior unsecured loan in local currency of up to EGP 250 million (EUR 4.5 million equivalent).

Financial Intermediary

A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.

Fawry MSME Finance (Financial Intermediary)

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Fawry MSME Finance is a pioneering digital finance company established in 2018 by Fawry for Banking Technology and Electronic Payments S.A.E (or "Fawry"; the "parent"), Egypt's leading fully-integrated FinTech platform offering a wide range of services, including e-payments and digital solutions, founded in 2008 and listed on the EGX since 2019. The Company operates in Egypt and has achieved rapid growth, establishing itself as a well-recognized player among Egyptian MFIs, becoming the sixth largest player as of YE2024. Fawry MSME operates without physical branches, leveraging a network of over 380 Fawry Plus outlets and digital platforms to reach clients across 26 governorates.

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Alexander Levchenko, CEO of Fawry MSME
levchenko@fawrymicrofinance.com
+201066006436
https://fawryfinance.com/en/home/
8 El-Leithy street, off street 306, New Maadi, Cairo, Egypt

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html