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CIRA, Bel-Cash partner to offer education funding

CIRA, Bel-Cash partner to offer education funding

ArabFinance: Cairo for Investment and Real Estate Development (CIRA) partnered Beltone Consumer Finance (Bel-cash), the consumer finance arm of Beltone Financial, to offer education funding, Al Mal News cited CEO of CIRA Mohamed Kalla.

Kalla added that the first phase of the deal will fund seven schools in Minya, Assiut, Sohag, Hurgada, and Cairo.

He further noted that the company is ready to fund universities, as it offered its funding services to its affiliate, Badr University in Cairo.

On March 24th, CIRA and Bel-Cash agreed to offer education funding products to CIRA parents.

The new loan products and services target and empower individual customers, conveniently enabling them to “Buy Now Pay Later” through easy installment plans.

Last month, Kalla unveiled plans to open 25 nurseries by 2025 at total investments of EGP 46 million, in collaboration with Innovvette for Education.

CIRA registered a consolidated profit attributed to the shareholders worth EGP 112.27 million during the first quarter that ended on November 30th 2020.

CIRA is engaged in the investment in diversified sectors, including education, construction and real estate, health care, information technology, and support services.



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04 Oct 2021
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