Micro Finance Projects
Page Content
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)
|
20.75 %
annual diminishing interest rate.
(equivalent
to 11.6% 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)
|
14.25%
annual diminishing interest rate.
(equivalent
to 7.9 % 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
NO
|
Branch name
|
NO
|
Branch name
|
1
|
Nozha
|
167
|
Edfu
|
2
|
Halmayt Elzaitoun
|
168
|
Deshna
|
3
|
Roksi
|
169
|
Esna
|
4
|
Hadaeq Al-Qubba
|
170
|
Armant
|
5
|
Heliopolis
|
171
|
Kom Ombo
|
6
|
Ain Shams University
|
172
|
Kafft
|
7
|
Elgalaa Officers Club
|
173
|
Abu Sembil
|
8
|
Orouba
|
174
|
Aton
|
9
|
Manshiet Bakri
|
175
|
High Dam
|
10
|
Salah Salem
|
176
|
Corniche El Nil - Edfu
|
11
|
Elsalam City
|
177
|
New Aswan
|
12
|
Saraya Elkooba
|
178
|
Kalabsha
|
13
|
Beirut Street
|
179
|
Bahgora
|
14
|
Masr Elgadeda
|
180
|
Horus - Elhilla
|
15
|
Elshams
|
181
|
Hatshepsut - Elkorana
|
16
|
Faculty Of Commerce - Ain Shams
|
182
|
New Qena
|
17
|
Ammar Ibn Yasser
|
183
|
New Tibba
|
18
|
Misr & Elsudan
|
184
|
Asfon
|
19
|
Elnozha Elgadeda
|
185
|
New Deshna
|
20
|
Ismail Ramzy
|
186
|
Ras Ghareb
|
21
|
Citadel
|
187
|
Hurghada
|
22
|
Helwan
|
188
|
The Banking District
|
23
|
Sayeda Zainab
|
189
|
Safaga
|
24
|
Maadi
|
190
|
Kossir
|
25
|
Elrawda
|
191
|
Morsa Alam
|
26
|
Elsaff
|
192
|
Elgomhoria
|
27
|
Elmanial Elgamae
|
193
|
Suez
|
28
|
Dar Elsalam
|
194
|
Sultan Hussien
|
29
|
New Maadi
|
195
|
Ismailia
|
30
|
Kornish Elmaadi
|
196
|
Port Fouad
|
31
|
Helwan University
|
197
|
East Bridge
|
32
|
Zahraa Elmaadi
|
198
|
October 6, Port Said
|
33
|
15 May
|
199
|
Bir El-Abed
|
34
|
Centeral Elmaadi
|
200
|
Eltal Elkaber
|
35
|
Rod Elfarag
|
201
|
The Future
|
36
|
Shoubra Elkhima
|
202
|
West Bridge
|
37
|
Ramsis
|
203
|
Fayed
|
38
|
Elabbasya
|
204
|
Suez Canal University
|
39
|
Shoubra
|
205
|
Elsalam
|
40
|
Ahmed Badawy
|
206
|
Arish
|
41
|
Kholosi
|
207
|
Alqnah
|
42
|
Elqanater Elkhayreya
|
208
|
Alsalhya
|
43
|
Dawaran Shoubra
|
209
|
Ras Sidr
|
44
|
Aghakhan
|
210
|
Abu Redis
|
45
|
Elnile
|
211
|
Tur Sina
|
46
|
Hilton Ramsis
|
212
|
Nuaba
|
47
|
Elmosski
|
213
|
Sharm El-Shaikh
|
48
|
Mohamed Farid
|
214
|
Dahab
|
49
|
Eldawawin
|
215
|
Soho Square
|
50
|
26 July Street
|
216
|
Old Market - Sharm El-Sheikh
|
51
|
Bein Elsourein
|
217
|
Damietta
|
52
|
Attaba
|
218
|
Elzarqa
|
53
|
Abdel Khaled Tharwat
|
219
|
Elmanzala
|
54
|
Police Complex
|
220
|
Elgamalya
|
55
|
Dar Elkadaa
|
221
|
Elmatarya
|
56
|
El-Darrasa
|
222
|
Faraskur
|
57
|
Sherif Street
|
223
|
Ras Al-Barr
|
58
|
Tawfiqiya
|
224
|
New Damietta
|
59
|
Azbakeya
|
225
|
Kafr Saad
|
60
|
Elahram Foundation
|
226
|
Saad Zaghloul
|
61
|
Nasr City
|
227
|
Shbeen El Koom
|
62
|
Elthawra
|
228
|
Menouf
|
63
|
Ahmed Fouad
|
229
|
Banha
|
64
|
Makram Ebid
|
230
|
Shibin Alqanatr
|
65
|
Abbass Elakkad
|
231
|
Tukh
|
66
|
Elnasr
|
232
|
Tala
|
67
|
Almaza
|
233
|
Elshohadaa
|
68
|
Elmethaq
|
234
|
Quesna
|
69
|
Dokki
|
235
|
Ashmoun
|
70
|
Embaba
|
236
|
Sers Allyan
|
71
|
Elaalam
|
237
|
Sadat
|
72
|
Elwarraq
|
238
|
10Th Of Ramadan
|
73
|
Elmohandasin
|
239
|
Zagazig
|
74
|
Elsudan Street
|
240
|
Minya Elqameh
|
75
|
Cairo University
|
241
|
Faqous
|
76
|
Elurman
|
242
|
Belbeis
|
77
|
Mohamed Hafiz
|
243
|
Kafr Saqr
|
78
|
Elmesaha
|
244
|
Abu Kabir
|
79
|
Wadi Elnile
|
245
|
Abu Hammad
|
80
|
Monshaat Elqanater
|
246
|
Derb Negm
|
81
|
Elzamalek Club
|
247
|
Hehya
|
82
|
Syria Street
|
248
|
Elqareen
|
83
|
Giza
|
249
|
Saker Children
|
84
|
Umm Elmasreyeen
|
250
|
Hassania
|
85
|
Haram
|
251
|
Damanhur
|
86
|
Elayyat
|
252
|
Rashid
|
87
|
Elbadrashin
|
253
|
Mahmudiyah
|
88
|
Kasr Elharam
|
254
|
Abu Al Matamir
|
89
|
King Faisal
|
255
|
Kafr Al Dawwar
|
90
|
Omrania
|
256
|
Tahrir Badr
|
91
|
Sound And Light
|
257
|
Etay Elbarood
|
92
|
Maryotia
|
258
|
Abu Homs
|
93
|
New Faisal
|
259
|
Com Hamada
|
94
|
Manial Shihah
|
260
|
Shubrakheit
|
95
|
Elhawamdiya
|
261
|
Hosh Eisa
|
96
|
Backus
|
262
|
Nubaria
|
97
|
Sesostress
|
263
|
Elgoumhorya Hosh Eisa
|
98
|
Abu Qir
|
264
|
Muhammad Karim Al-Asher Al-Laf
|
99
|
Sidi Bishr
|
265
|
Ahmed Zewail Damanhour
|
100
|
Muharram Bak
|
266
|
Elmahla Elkobra
|
101
|
Elseiof
|
267
|
July 23 Mahalla
|
102
|
Isis
|
268
|
Kafr El-Sheikh
|
103
|
Loran
|
269
|
Kafr El Zayat
|
104
|
Elibrahimia
|
270
|
Desook
|
105
|
Mamoura
|
271
|
Zefta
|
106
|
Ahmed Orabi
|
272
|
Sidi Salam
|
107
|
Karmoz
|
273
|
Rahmaniyah
|
108
|
Marsa Matrouh
|
274
|
Fooh
|
109
|
Eldekhila
|
275
|
Baltim
|
110
|
Elameria
|
276
|
Bella
|
111
|
Elagami
|
277
|
Ktoor
|
112
|
Elgomork
|
278
|
Basion
|
113
|
Borg Elarab
|
279
|
Mohamed Farid Tanta
|
114
|
Elselsala Tower
|
280
|
Tanta
|
115
|
Elbitash
|
281
|
Ali Mubarak Tanta
|
116
|
Elqabary
|
282
|
Bekat Elsabaa
|
117
|
King Mariout
|
283
|
Mansoura
|
118
|
Bani Sweif
|
284
|
Modrea St
|
119
|
Elfashn
|
285
|
Met Ghamr
|
120
|
Beba
|
286
|
Aja
|
121
|
Senoras
|
287
|
Sherbin
|
122
|
Elminya
|
288
|
Sinbillawain
|
123
|
Samalut
|
289
|
Dikirnis
|
124
|
Maghaghah
|
290
|
Mena Elnasr
|
125
|
Bani Mazar
|
291
|
Belqas
|
126
|
Matai
|
292
|
Talkha
|
127
|
Abu Qurqas
|
293
|
Suez Canal
|
128
|
Mallawi
|
294
|
Elkharja
|
129
|
Dermawas
|
295
|
Dakhla
|
130
|
Fayoum
|
296
|
Asyut
|
131
|
Elwasta
|
297
|
Dairut
|
132
|
New Minya
|
298
|
The Qusiyyah
|
133
|
Etsa
|
299
|
Manfalut
|
134
|
Taha Hussien
|
300
|
Abouteg
|
135
|
Elbahr Elazam
|
301
|
Sadfa
|
136
|
Ebshway
|
302
|
Farafra
|
137
|
Ihnasia - Beni Suef
|
303
|
New Assiut
|
138
|
The City - Beni Suef
|
304
|
Sahel Selim
|
139
|
Elmasala Square - Fayoum
|
305
|
Abnoub
|
140
|
Nasser City - Beni Suef
|
306
|
Awsim
|
141
|
Eledwa
|
307
|
October 6, Cairo
|
142
|
New Beni Suef
|
308
|
Wholesale Market
|
143
|
Sohag
|
309
|
Industrial Zone
|
144
|
Tahta
|
310
|
Smart Village
|
145
|
Elmaragha
|
311
|
Cheikh Zayed
|
146
|
Gerga
|
312
|
Financial District
|
147
|
Tama
|
313
|
Beverly Hills
|
148
|
Elmonshaa
|
314
|
Elhosari
|
149
|
Akhmim
|
315
|
Gharb Somid
|
150
|
Elballina
|
316
|
Elwahat Elbahrya
|
151
|
Elkawthar
|
317
|
Madinity
|
152
|
Sakolta
|
318
|
Waterway
|
153
|
Juhayna
|
319
|
Eltaseen
|
154
|
Amoun
|
320
|
Badr City
|
155
|
Elbahr
|
321
|
Town Star
|
156
|
Nile
|
322
|
Ribke
|
157
|
Pardis
|
323
|
Mokattam
|
158
|
Dar Aisalam
|
324
|
Bab Lok
|
159
|
Orabi - Elmaragha
|
325
|
Talaat Harb
|
160
|
Aswan
|
326
|
Garden City
|
161
|
Qena
|
327
|
Elsaha
|
162
|
Luxor
|
328
|
Zamalek
|
163
|
Nasr Elnoba
|
329
|
Abu Al-Feda
|
164
|
Daraw
|
330
|
Mohamed Roshdy
|
165
|
Naga Hammadi
|
331
|
Elgezera
|
166
|
Kous
|
332
|
Elqasr Eleini
|
| |
333
|
Al-Mansour Muhammad
|
|