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Social Development Minister increases nursery funding limit
The Minister of Social Solidarity, Dr. Maya Morsi, announced the increase of the maximum funding limit for existing nursery loans from the Nasser Bank to one million Egyptian pounds. This aims to support nursery owners in expanding, developing, and rectifying their status. This initiative is part of the bank's plan to offer accessible financing solutions, including low-interest rates of 5%, a repayment period of up to four years, and a three-month grace period. The funding seeks to improve the quality of care services for children under four, ensure a safe environment, and simplify the application process to support the sustainability of nursery projects and boost employment opportunities in the sector.
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