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Egypt's Consumer Finance Growth Highlights Living Costs
The article discusses the increasing reliance on consumer financing in Egypt, which has significantly contributed to enabling households to purchase goods and services through installment plans. The value of this financing has grown from 8.4 billion Egyptian pounds in 2020 to approximately 96.3 billion in 2025, benefiting more than 10.8 million customers. This growth is seen as a sign of support for consumption and economic expansion; however, it also poses substantial risks, including rising debt levels and financial default, especially as purchasing power diminishes due to inflation, which reached 14.5% in August 2023. Experts warn that these figures could indicate a consumer finance bubble, which might lead to financial crises and higher prices in the long term, amid increasing cases of delayed payments and economic instability.
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