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Micro Finance Projects


 

 
 

Microfinance Products

First Product: "Al-Batal"


 


 

Description

Products from 5000 up to 50000 EGP

Products More than 50000 up to 250000

Loan Value

From 5000 EGP up to 15000 EGP


 

From 15000 EGP up to less than 30000 EGP


 

From 30000 EGP and up to 50000

More than 50000 EGP up to 100000 EGP


 

More than 100000 EGP and up to 150000 EGP


 

More than 150000 EGP and up to 250000 EGP

Targeted Sectors

Commercial – Industrial – Service-based


 

Excluding the unauthorized activities (Agricultural, Animal, Poultry, and Fish production in addition to transportation means). 

Required Documents

  • A copy of the lease or ownership contract or a copy of the fixed-term lease contract where the date of which is registered at the Notary Public.
  • Copy of the valid national identification card of the borrower and the guarantor.
  • Recent utilities bill (water – gas – electricity – telephone bill), not exceeding three months, holding the name of the borrower or the owner of the place of activity.
  • A copy of the lease or ownership contract, or a fixed-term lease contract where the date of which is registered at the Notary Public.
  • Copy of the valid national ID card of the borrower and the guarantor.
  • Recent utilities bill (water – gas – electricity – telephone bill), not exceeding three months, holding the name of the borrower or the owner of the place of activity.
  • Copy of the tax card and a recent certificate of tax standing evidencing that there is no due tax payable by the entity.
  • Recent extract of the commercial register not exceeding 3 months.
  • Copy of the last insurance payment receipt, not exceeding 3 months, or (insurance printout evidencing the payment of the subscriptions in full during granting the loan).
  • Recent certificate of commercial judgments (pleading the failure to pay or bankruptcy) regarding the previous last five years.
  • Approved income statement and balance sheet (as for the second and third bracket).  

Loan Period

From 6 months up to 24 months

From 12 months up to 36 months

Installment Period

Monthly Installments

Interest Rate

28% annual diminishing interest rate.

(equivalent to 15.5% simple interest rate)

21.75% annual diminishing interest rate.

(equivalent to 12% simple interest rate)


 


 


 

Second Product:  The National Project for Communal, Human, and Local Development (Mashrouak)

 

Description

Products from 5000 up to 50000 EGP

Products More than 50000 up to 250000

Required Documents

In addition to the aforementioned documents:-

  • A letter from the local unit or the district within its geographical scope the location of the client's project lies concerning assisting the bank in following up on the financed projects and cutting-off the utilities in the activity’s location in the event that the customer fails to comply with the payment of three installments, while exempting the projects operating within the owner’s household.
  • Copy of the Military Status Certificate as for the clients under 35 years old.

     


 

In addition to the aforementioned documents:-

  • A letter from the local unit or the district within its geographical scope the location of the client's project lies concerning assisting the bank in following up on the financed projects and cutting-off the utilities in the activity’s location in the event that the customer fails to comply with the payment of three installments, while exempting the projects operating within the owner’s household.
  • Copy of the Military Status Certificate as for the clients under 35 years old.
  • Copy of the activity license “permanent or temporary” and in the event that the activity is not licensed, then a letter evidencing so shall be received from the local unit / district. 

Interest Rate

28% annual diminishing interest rate.

 (equivalent to 15.5% simple interest rate)

18.75% annual diminishing interest rate.

(equivalent to 10.5% simple interest rate)

 

The General Rules for Granting the Loan

 

  • The activity of the client shall be within the scope of the city, in which the branch granting the loan is located, and the villages and centers (Marakez) affiliated to it, in addition to the neighboring cities and the centers of governorates where there are no branches for Banque Misr or where there are branches that do not provide such service.
  • The activity must be established since one year at least, whether the client practices the activity and continues practicing it from his place of residence or the client has a separate place of activity (except for the products of Mashroak 1 and Mashroak 2; loan is granted for new projects, provided that three months shall elapse since the registration of the project).
  • The existence of joint guarantor whom is inquired about a comprehensive and good inquiry.
  • The client owning the project must be holding the Egyptian nationality; and must be of full capacity and good reputation; and his age shall not be less than 21 years old and not more than 65 years old at the loan maturity date; however, in case the client’s age exceeded 65 years old, then the guarantor’s age shall be less than 60 years at the loan maturity date.
  • The client or his guarantor, at least, must have the ability to read and write.
  • One loan is granted for both the customer and entity together; and concerning companies, no more than one partner shall borrow for the same entity.
  • The guarantor of the client requesting the loan shall not be a minor and shall not be guaranteeing another client.
  • The score of each of the client, guarantor and entity in I-Score’s assessment report shall be at least “Satisfying”.
  • The value of the monthly installment shall be appropriate to the profits that the customer receives from the project.
  • There shall not be bilateral guarantees between the debtor and guarantor.
  • The client shall not receive loans for existing Small Enterprises before receiving the approval on granting him/her the microfinance.

The branches in which the micro-financing products are available nationwide 

The branches in which the micro-financing products are available nationwide 

 

Banque Misr Branches

Area

Governorates

1

Hurghada

Red Sea

Red Sea

2

Ras Ghareb

3

Safaga

4

Qoseir

5

Marsa Alam

6

Gomhoreya Street

Suez Channel

Port Said

7

Port Said

8

6 October Branch - Port Said

9

Port fouad

10

Suez

Suez

11

Ismailiya Branch

Ismailiya

12

Qantara West Branch

13

Fayed Branch

14

Al-Tal al-Kabir Branch

15

Bir al-Abed

North Sinai

16

Qantara East Branch

17

Giza

South Giza

Giza

18

Kasr Haram

19

King Faisal

20

Omrania

21

Umm el-Masreyeen

22

Haram

23

Badrashin

24

Ayyat

25

Awsim

26

Ashmun

South Delta

Menoufiya

27

Al-Shohada

28

Tala

29

Shebin el-Koum

30

Quweisna

31

Menouf

32

Benha

Qalyubiya

33

Shebin el-Qanater

34

Toukh

35

Mit Ghamr

Daqahliya

36

Naga Hamadi

South Upper Egypt

Qena

37

Dashna

38

Qena

39

Qaft

40

Qous

41

Aswan

Aswan

42

Kom Ombo

43

Edfu

44

Daraw

45

Armant

Luxor

46

Luxor

47

Esna

48

 15 May

South Cairo

Cairo

49

Citadel

50

Rawda

51

Sayeda Zainab

52

Maadi

53

New Maadi

54

Helwan

55

Dar el-Salam

56

Maadi Corniche

57

Zahraa al-Maadi

58

Al-Saf

Giza

59

Dahab

Sinai

South Sinai

60

Ras Sudr

61

Tur Sinai

62

Sharm el-Sheikh

63

Abu Redis

64

Soho Square

65

Nuweiba

66

Abu Qir

East Alexandria

Alexandria

67

Sidi Bishr

68

Seizostris

69

Al-Gomrok

West Alexandria

70

Ahmed Orabi

71

Al-Selsa

72

Al-Ameria

73

Borg el-Arab

74

Agami

75

Marsa Matruh

Marsa Matruh

76

Faqous

East Delta

Sharqeya

77

Abu Hammad

78

Abu Kabir Branch

79

Zagazig

80

Al-Qurein Branch

81

Bilbeis

82

Dyarb Negm

83

Kafr Saqr

84

Minya al-Qamh

85

Hihya Branch

86

10th of Ramadan

87

Nozha

East Cairo

Cairo

88

Hadaeq al-Qubba

89

Heliopolis

90

Galaa Officers Club

91

Beirut Street

92

Shams

93

Orouba

94

Salah Salem

95

Salam City

96

Roxy

97

Misr & Sudan

98

Manshiet Bakri

99

Dokki

North Giza

Giza

100

Embaba

101

El-Ealam Baranch

102

El-mohandesin

103

Monsha’a Elkanater

104

Gamaliya

North Delta

Daqahleya

105

Aga

106

El Senbellawein

107

Matariya

108

Manzala

109

Mansoura

110

Zarqa

111

Belqas

112

Dekernes

113

East Mansoura Security Directorate

114

Shirbin

115

Minya el-Nasr

116

Ras el-Bar

Damietta

117

Damietta

118

New Damietta

119

Faraskur

120

Kafr Saad

121

Al-Wasta

North Upper Egypt

Beni Suef

122

Beni Suef

123

Beba

124

El-Fashn

125

Fayoum

Fayoum

126

Sanoras

127

Etsa

128

Maghagha

Minya

129

Beni Mazar

130

Matay

131

Samalut

132

Minya

133

Abu Qurqas

134

Malawi

135

Dir Mawas

136

Taha hussien

137

New Minya

138

Agha Khan

North Cairo

Cairo

139

Abassiya

140

Nile

141

Ramses

142

Roud el-Farag

143

Shubra Kholousi

144

Shubra el-Kheima

Qalyubia

145

Al-Qanater al-Khayreya

146

Kafr el-Dawar

West Delta

Beheira

147

Abu Hummus

148

Mahmoudiya

149

Shubrakhit

150

Itay al-Barud

151

Badr

152

Damanhour

153

Rashid

154

Kom Hamada

155

Abu el-Matamir

156

Nubaria

157

Al-Saha

West Cairo

Cairo

158

Kasr al-Aini

159

Mohamed Roshdy

160

Bab al-Louq

161

Talaat Harb

162

Obour

Nasr City & New Cities

163

Nasr City

164

Moqattam

165

Kafr el-Sheikh

Central Delta

Kafr el-Sheikh

166

Baltim

167

Bila

168

Desouq

169

Fowa Branch

170

Al-Rahmaniya

171

Sidi Salem

172

Al-Mahalla al-Kubra

Gharbeya

173

 Basyoun

174

 Zifta

175

Mohamed Farid Tanta

176

Qotour

177

Kafr al-Zayat

178

Assiut

Central Upper Egypt

Assiut

179

Dayrout

180

Al-Qawseya

181

Saddfa

182

Manfalut

183

New Assiut

184

Abu Tig

185

Sohag

Sohag

186

Al-Kawthar Sohag

187

Akhmim

188

El-Balyana

189

Al-Monsha’a

190

Girga

191

Tama

192

Tahta

193

Sakulta

194

Al-Maragha

195

Kharga

Al-Wady al-Gedid (New Valley)

196

Farafra

197

 Dakhla

198

EL-Mosski

Downtown Cairo

Cairo

199

Mohamed Farid

200

Al-Dawawin

201

26 July Street

202

Bein el-Sourein

203

Attaba

204

Abdel Khaled Tharwat

205

Police complex

206

High Court House

207

El-Darrasa

208

Sherif Street

209

Tawfiqiya

210

Azbakeya