Proparco company, the subsidiary of the French Development Agency, and Corplease, one of the leading financial leasing companies in Egypt signed a credit facility contract worth 15 million dollars.

This credit facility is considered the first of its kind in the Egyptian financial sector for Proparco, according to a statement issued by the French Embassy in Cairo on Monday.

The embassy added that increasing the financing capacity which will increase financial services and increasing opportunities to obtain funding for small and medium-sized enterprises (SMEs).