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Banque Misr Provides Different Financing Schemes To Micro, Small, And Medium Enterprises
04/05/2014
​​As part of the banks pioneering role in moving Egypt’s economic wheel by its banking services and funding schemes, Banque Misr offers new and different financing schemes for various economic fields. The new schemes are tailored to fit all projects operating in the Egyptian market. Thus, participating in the overall development of the country.
 
The new financing schemes are represented in “El Batal” program that is specialized in funding micro - commercial, manufacturing, and service projects from EGP 1000 to EGP 50 thousand, whereas repayment installments is on monthly basis over a   period of two years with a fixed interest rate. This is as a part of the bank’s strategy to increase its support to existing projects to expand and renovate. The new schemes will assist these projects in generating stable employment opportunities. Thus, increase their overall productivity and income.
 
“Mashroey” program is established to serve small enterprises via offering short and medium term loans range from EGP 50 thousand to EGP 2 million, to finance machines and tools for the owners of small enterprises around all Egypt’s governorates. This is addition to funding new projects with up to EGP 250 thousand. The repayment installments are paid on monthly or quarterly basis over a maximum of 5 years with a small debit interest rate.
 
“El Rabeh” program is tailored for medium enterprises offering a medium to long term loans with up to EGP 30 million with competitive interest rate to all individual enterprises, family enterprises, and financial enterprises operating in various economic fields including manufacturing, commerce, and service sectors. The repayment period is extended to a maximum of 7 years. Furthermore, the bank offers mixed used credit facilities to fund all project activities.
 
This is as part of Banque Misr keenness to fulfill different social segments’ needs to move the economic wheel forward.