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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)

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