Reefy

Reefy is a pioneering microfinance institution based in Egypt, recognized as the first company to obtain a microfinance license from the Egyptian Financial Supervisory Authority (EFSA) following the issuance of the microfinance law. The company primarily serves micro-sized companies across various industries and services, excluding agriculture and transport. Reefy operates in the microfinance market, providing essential financial services to small businesses that typically lack access to traditional banking services.

Reefy's business model focuses on lending to micro-sized enterprises, enabling them to grow and sustain their operations. The company generates revenue through interest on loans and other financial services provided to its clients. Over the past decade, Reefy has established a strong market position, supported by its advanced Management Information System (MIS) which ensures clear, efficient, and controlled operational procedures. This has allowed the company's portfolio to grow exponentially, achieving a successful repayment rate of over 99%.

In 2017, CI Capital acquired an 80% stake in Reefy, further solidifying its market presence and financial stability. With 20 years of experience and a dedicated team of 45 members, Reefy continues to provide expert advice and financial solutions to micro-sized businesses, helping them to thrive in a competitive market.

Keywords: microfinance, Egypt, EFSA license, CI Capital, micro-sized companies, financial solutions, high repayment rate, Management Information System, business growth, tailored loans.