Egypt’s Contact launches “Green Finance” to boost sustainability

By Gloria Methri

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  • Shopper Financing Firm
  • Contact
  • Contact Monetary Holding

Contact Financial Holding, Green Finance, Egypt, sustainabilityContact Monetary Holding, the Egyptian non-banking monetary companies firm has launched its product “Green Finance” with an intention to advertise sustainability.  The brand new product will fund tasks similar to photo voltaic panels, irrigation methods, greenhouses, creating greenhouses, in addition to sustainable farming efforts.

Inexperienced Finance will enable customers to pay in installments – with cost plans of as much as 5 years, with month-to-month and quarterly compensation methods.

Contact hopes to launch different inexperienced merchandise to realize the trendy developments that the nation seeks, by way of preserving the setting, defending agricultural areas, reconstructing infertile areas, and changing them into inexperienced areas which ends up in a greater future.

One of many causes that led Contact to maneuver in the direction of financing inexperienced merchandise is the event and preserving the setting and stimulating environment friendly use of sources and power.

On this context, Tamer Samir, Managing Director of Contact Finance, mentioned, “The corporate is striving to launch merchandise to realize sustainability, and this course just isn’t a brand new factor to Contact, as now we have at all times sought to realize all that’s useful to the welfare to our prospects, and inexperienced financing is a crucial and obligatory step in the direction of remodeling the corporate’s enterprise in the direction of a greener future.

Mentioned Zater, CEO of Contact Monetary Holding, pressured the significance of introducing inexperienced financing in numerous financing sectors, and the dedication of all Contact Monetary Holding entities to financing tasks that present tangible environmental and social advantages. Moreover, he assured the necessity to work on intensifying efforts to assist financing plans aimed toward constructing a extra sustainable future.

Contact Monetary Holding, which is headquarters within the first inexperienced constructing in downtown Cairo since 2018, has launched a number of merchandise involved with social curiosity, similar to financing schooling and financing ride-sharing firm’s drivers.

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