PROJECT

Projects

Summary of Proposed Investment

Project Number

26554

Company Name

CREDIT AGRICOLE EGYPT S.A.E.

Date SPI Disclosed

May 21, 2008

Country

Egypt, Arab Republic of

Industry

Health, Education and Life Sciences

Projected Board Date

Jun 23, 2008

Status

Completed

Sector

Colleges, Universities, and Professional Schools

Department

Regional Industry - MAS Africa

Environmental Category

C - No Impact

Previous Events

Approved : Jun 5, 2009
Signed : Jun 28, 2009

Project Description

The proposed project is a student loan program for university students in Egypt, whereby IFC will share risk on the portfolio of loans. The loan portfolio will be originated and managed by an experienced bank on a commercial basis. The maximum size of the portfolio will be $39 million equivalent.

Loans will be used by students to pay tuition at private universities for undergraduate and graduate education. The maturity of the loans will be up to eight years which will enable students to repay the loans from their earnings after graduation.

Sponsor / Cost / Location

Development Impact