Egypt-based firm secures funding from Germany’s Finance in Motion to support sustainable lending and financial inclusion
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Beltone Leasing & Factoring has signed a $20m funding agreement with Germany-based Finance in Motion to expand lending to small businesses and support green finance initiatives across the Middle East and North Africa (Mena).
The funding is evenly split between two investment vehicles: $10m from the Sanad Fund for micro, small and medium enterprises, and $10m from the Green for Growth Fund. Both facilities have a tenor of five years.
Beltone said the funding will be used to provide finance for underserved businesses and low-income households, and to support renewable energy, energy efficiency and sustainable resource projects.
In 2021, the Egyptian Financial Regulatory Authority introduced mandatory environmental, social and governance (ESG) and climate-related financial disclosures for listed companies and non-bank financial institutions. The first reporting cycle began in 2023. The agreement comes as financial institutions in the region face growing pressure to meet environmental and social targets while expanding credit to the private sector.
Beltone Leasing & Factoring is a wholly owned subsidiary of Beltone Holding. The company offers financing solutions including leasing and factoring products to corporate and SME clients.
