GlobalCorp Secures US$15 Million from EBRD Financing to Expand MSME Lending Portfolio

GlobalCorp Financial Services has secured US$15 million (approximately EGP 795 million) in financing from the European Bank for Reconstruction and Development (EBRD) to strengthen its financial position and support the expansion of its financing activities for micro, small and medium enterprises (MSMEs). The financing will enable the company to further broaden its reach, with a particular focus on expanding its presence beyond Greater Cairo and improving access to finance for underserved businesses across Egypt.
According to the EBRD’s project disclosure, the financing has been approved as a senior loan under the Bank’s Financial Intermediaries Framework. The facility strengthens GlobalCorp’s balance sheet, enabling the company to expand its leasing and factoring portfolio dedicated to MSME. The financing enhances access to finance for this vital business segment while advancing financial inclusion and supporting private sector growth in Egypt.
The anticipated financing reflects the continued confidence of international financial institutions in GlobalCorp’s business model and its ability to expand within Egypt’s non-banking financial services sector, amid growing demand for alternative financing solutions for small and medium-sized businesses across the country.
Commenting on the proposed financing Hatem Samir, Founder – Group CEO & MD of GlobalCorp Financial Services Group, said:
“We remain committed to diversifying our funding sources and building strategic partnerships with leading international financial institutions to strengthen our ability to deliver more efficient and flexible financing solutions to our clients. The proposed financing from the European Bank for Reconstruction and Development is a strong vote of confidence in GlobalCorp’s resilient business model and sustainable growth strategy. It will further enhance our capacity to meet the increasing demand for leasing and factoring services, particularly among micro, small and medium enterprises.”
He added: “GlobalCorp continues to execute its expansion strategy by extending its geographical footprint across Egypt’s governorates and promoting financial inclusion through serving new customer segments outside Greater Cairo. We firmly believe that supporting SMEs is one of the key drivers of sustainable economic growth. Accordingly, we will continue investing in the development of our financing products and services to address evolving market needs while reinforcing our role in advancing Egypt’s non-banking financial services sector.”
The proposed financing forms part of GlobalCorp’s broader strategy to strengthen its funding base and diversify its liquidity sources, enabling the company to continue expanding its non-banking financial solutions for businesses of all sizes, with a strategic emphasis on micro, small and medium enterprises. The initiative supports the company’s long-term sustainable growth objectives while contributing to Egypt’s broader economic development.