Representative Hala Abu Al -Saad wins the Egyptian Federation to finance medium, small and micro projects
Representative Dr. Hala Abu Al -Saad, Undersecretary of the Committee of Medium, Small and Micro Enterprises in the House of Representatives, and Chairman of the Future Business Women Association, won the membership of the Board of Directors of the Egyptian Federation for Financing Medium, Small and Micro Enterprises; Actress of the & quot; On the civil societies.
& nbsp; Al -Ahliah.
& nbsp; The future. At the General Authority for Financial Supervision, the Secretary -General of the Egyptian Federation for the Micro Finance previously, the Vice -President of the Specific Union for Economic Development, a member of the Board of Directors of the Egyptian Investors Union, a consultant training and technical support for civil society organizations.
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& nbsp; Where she worked as a representative and tongue speaking about the financing industry in the Egyptian House of Representatives, and practiced permanent pressure on decision makers in favor of developing the industry and treating its problems. It contributed to amending the legislation of Law 141 for microfinance, and it is also the first to submit a draft law for small and medium enterprises in Egypt, which resulted in the issuance of the Law of Small and Medium Enterprises No. 152 of 2020. Category & quot; C & rdquo; Within the Central Bank initiative by 20% of the value of the initiative, while reducing the guarantees required by the associations when they obtain these loans. It also adopts through the Federation’s Board of Directors of the Collective Insurance Document project on the workers in the microfinance sector, in addition to the intervention of the Financial Supervisory Authority to reduce the volume of periodic reports required by associations and companies in an exaggerated manner.
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& nbsp; Get to associations, through water and electricity consumption transactions, exemption from relative stamp tax on credit facilities, and extract alternative tax registration numbers for tax cards. It also interfered in the treatment of the problems of about 70 civil societies with the Small Projects Development Authority and obtained funding from the agency, and put an end to the estimated estimation of the real estate tax for small projects and demanding their exemption from them, and issuing the decision to exempt factories from real estate tax for a period The authority to reduce cybersecurity procedures for associations & quot; c & rdquo;
and in its first statement after the victory, Abu Al -Saad thanked her colleagues for giving her confidence, reviewing her future vision to maintain the balance of the financing industry market in Egypt, support and increase funding for societies and institutions, increase fruitful cooperation between banks and NGOs, and reduce the gap between banks and companies Societies, increase the support of the financing industry in Egypt, and increase technical and technical support programs provided to the members of the Union from the category & quot; C & quot;, and increase the institutional upgrade programs to upgrade them from the category & quot; C & quot; to the category & quot; B & quot;.
& nbsp; All members of the Federation benefit from them, support members with programs to integrate associations under the umbrella of financial inclusion, urge associations to increase non -financial services for their customers and create new service programs, adopt a mechanism and a professional work charter & quot; Code of behavior & quot; For financing authorities and their employees guarantees the freedom of the employee to move between different work sites while preserving the rights of the original business authorities, & nbsp in addition to supporting companies, associations and financing institutions with continuous training programs that keep pace with advanced needs to ensure the development of the financing industry, which qualifies those entities to advance the industry. The rotation of employment in the financing authorities.
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