In 2017, CI Capital acquired an 80% stake in Egypt’s leading microfinance institution, Reefy.
Reefy, established late 2007 and based in Cairo, operates within the diversified financial services sector, with the sole purpose of lending to unbanked clientele.

The firm lends to a wide span of industry and service micro-sized companies, excluding agriculture and transport. Reefy is the first company in Egypt to obtain the microfinance licence from the Egyptian Financial Supervisory Authority (EFSA), following the issuance of the long-awaited microfinance law.

Over the past decade, Reefy has secured a leading market position, due to its state-of- the-art Management Information System. The system’s novel techniques led to clear, efficient, and controlled, operational procedures, allowing the firm’s portfolio to grow exponentially, with a successful repayment rate of over 99%.

Reefy continued its expansion strategy, growing its network of branches in rural and urban communities, throughout 20 governorates Egypt, to 40 branches. In 2016, Reefy diversified its offering to include group lending, in addition to its traditional offering individual lending. The firm is maintained by its young and dynamic 1,200 staff members.

What we offer

Individual lending

We offer microfinance solutions for our clients, building a robust lending portfolio in the vital and under-penetrated segment of small and micro businesses. We now have over 200,000 clients who benefited from over 400,000 loans, with a total value of EGP2.6bn ...

Group lending

In 2016, Reefy introduced group lending, a building block of micro finance. The offering, whose main target group is women, presents a vital access opportunity to this unpenetrated segment ...

The team

Ahmed ElBardai

Co-Founder, Board Member, and Managing Director, Reefy

Ahmed ElBardai is an international executive with over 42 years of financial sector experience in the Middle East and North America. He started ...

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