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Micro Finance Projects

 


 

 
 

Microfinance Products


 

First: Micro Enterprises


 

Description

First Product

Second Product

Loan Amount

EGP 5,000 – Less than EGP 30,000

EGP 30,000 – EGP 50,000  

More than EGP 50,000 – EGP 150,000

More than EGP 150,000 – EGP 250,000  

Targeted Sectors

Commercial – Industrial – Services  

Except prohibited production activities (agricultural – livestock – poultry – fish – means of transport)  

Required Documents

Required Documents:

  • One year of activity
  • Copy of the lease or ownership contract or fixed-term contract verified by the land registry
  • Copy of valid national ID of borrower and guarantor
  • Recent utilities bill (water – gas – electricity – telephone) in the name of the borrower or owner of the place of the activity, issued within the last 3 months  

Required Documents:

  • One year of activity
  • Copy of the lease or ownership contract or fixed-term contract verified by the land registry
  • Copy of valid national ID of borrower and guarantor
  • Recent utilities bill (water – gas – electricity – telephone) in the name of the borrower or owner of the place of the activity, that is issued no more than 3 months ago
  • Copy of recent tax card verifying that there are no outstanding payable taxes
  • Recent transcript from the commercial registry issued within the last 3 months
  • Copy of the latest insurance payment receipt issued within the last 3 months
  • Recent certificate of trade judgements (objecting by non-payment and bankruptcy) for the last 5 years
  • Approved income and balance statement for amounts exceeding EGP 100,000, verifying that customer’s sales are less than EGP 1 million
  • Authorization by customer for
  • deducting issuance charges from the loan amount
  • Authorization by customer for deducting charges of issuing risk
  • insurance document from the loan amount, for loans exceeding EGP 100,000

Loan Tenor

6 – 24 months

12 – 36 months

Installment Frequency

Monthly installments

Interest Rate

28% p.a. decreasing

21% p.a. decreasing


 


Second: “National Project for Communal, Human and Local Development” – Mashrouak

 

Description

Mashrouak 1

Mashrouak 2

Loan Amount

EGP 5,000 – Less than EGP 30,000

EGP 30,000 – EGP 50,000  

More than EGP 50,000 – EGP 150,000

More than EGP 150,000 – EGP 250,000  

Targeted Sectors

Commercial – Industrial – Services

Except prohibited production activities (agricultural – livestock – poultry – fish – means of transport)  

Required Documents

Required Documents:

  • Copy of the lease or ownership contract or fixed-term contract verified by the land registry
  • Copy of valid national ID of borrower and guarantor
  • Recent utilities bill (water – gas – electricity – telephone) in the name of the borrower or owner of the place of the activity, issued within the last 3 months
  • Letter from the local unit within which the activity is located, for assisting the Bank in monitoring financed projects and cutting off utility services if the customer fails to pay 3 installments, while exempting home-run projects
  • Copy of the military status certificate for customers under 35 years of age  

 

 

 

 

Required Documents:

  • Copy of the lease or ownership contract or fixed-term contract verified by the land registry
  • Copy of valid national ID of borrower and guarantor
  • Recent utilities bill (water – gas – electricity – telephone) in the name of the borrower or owner of the place of the activity, issued within the last 3 months
  • Letter from the local unit within which the activity is located, for assisting the Bank in monitoring financed projects and cutting off utility services if the customer fails to pay 3 installments, while exempting home-run projects
  • Copy of the military status certificate for customers under 35 years of age
  • Copy of recent tax card verifying that there are no outstanding payable taxes
  • Copy of the activity license – permanent or temporary
  • Copy of a recent commercial registration, registered more than 3 months ago
  • Copy of the latest insurance payment receipt issued within the last 3 months
  • Recent certificate of trade judgements (objecting by non-payment and bankruptcy) for the last 5 years
  • Approved income and balance statement for amounts exceeding EGP 100,000, verifying that customer’s sales are less than EGP 1 million
  • Authorization by customer for deducting issuance charges from the loan amount
  • Authorization by customer for deducting charges of issuing risk insurance document from the loan amount, for loans exceeding EGP 100,000  

Loan Tenor

6 – 24 months

12 – 36 months

Installment Frequency

Monthly installments

Interest Rate

28% p.a. decreasing

12.25% p.a. decreasing


 


 


 


 

Eligibility Conditions


 

  1. The customer’s activity must be within the scope of the city, village or centers in which the Bank branch is located; and neighboring cities and governorate centers where there is no branch or where the branch does not provide this service.
  2. The activity must have been established at least one year ago – whether the customer is undertaking the activity from his place of residence or whether an independent location exists for the activity (with the exception of Mashrouak products 1 and 2, from which new projects are available).
  3. The existence of a co-guarantor, who has been subject to a full query
  4. The customer who is the owner of the activity must be an Egyptian national, legally competent and of sound repute, within the age bracket 21-65 years at the time of the loan. If the customer is more than 65 years old, the guarantor must be less than 65 years of age at the time of the loan.
  5. The customer – or the guarantor – must be able to read and write, at minimum
  6. One loan will be issued to the customer and the enterprise collectively. In the case of companies, not more than one partner may borrow in the name of the same enterprise.
  7. The customer’s guarantor must not be underage or the guarantor of another customer
  8. In case of a number rating in the I-score report, it must be at least satisfactory for the customer, guarantor and partners; and at least good for the enterprise. There must be no judicial procedures filed against the customer; and the customer, his guarantor, partners and the enterprise must not be blacklisted at any bank, while adhering to arrears regulations.
  9. Annual loan installments must be commensurate with the customer’s profits from the activity
  10. There must be no reciprocal guarantees between the debtor and the guarantor
  11. The customer must have not obtained existing small enterprise loans prior to the micro financing approval.    


 

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

 

NO

Branch name

NO

Branch name

1

Nozha

182

New Qena

2

Halmayt Elzaitoun

183

New Tibba

3

Roksi

184

Asfon

4

Hadaeq Al-Qubba

185

Future Mall

5

Heliopolis

186

Ras Ghareb

6

Ain Shams University

187

Hurghada

7

Elgalaa Officers Club

188

The Banking District

8

Orouba

189

Safaga

9

Manshiet Bakri

190

Kossir

10

Salah Salem

191

Morsa Alam

11

Elsalam City

192

Elgomhoria

12

Saraya Elkooba

193

Suez

13

Beirut Street

194

Sultan Hussien

14

Masr Elgadeda

195

Ismailia

15

Elshams

196

Port Fouad

16

Faculty Of Commerce - Ain Shams

197

East Bridge

17

Ammar Ibn Yasser

198

October 6, Port Said

18

Misr & Elsudan

199

Bir El-Abed

19

Elnozha Elgadeda

200

Eltal Elkaber

20

Ismail Ramzy

201

The Future

21

Citadel

202

West Bridge

22

Helwan

203

Fayed

23

Sayeda Zainab

204

Suez Canal University

24

Maadi

205

Elsalam

25

Elrawda

206

Arish

26

Elsaff

207

Alqnah

27

Elmanial Elgamae

208

Alsalhya

28

Dar Elsalam

209

Ras Sidr

29

New Maadi

210

Abu Redis

30

Kornish Elmaadi

211

Tur Sina

31

Helwan University

212

Nuaba

32

Zahraa Elmaadi

213

Sharm El-Shaikh

33

 15 May

214

Dahab

34

Centeral Elmaadi

215

Soho Square

35

Rod Elfarag

216

Old Market - Sharm El-Sheikh

36

Shoubra Elkhima

217

Damietta

37

Ramsis

218

Elzarqa

38

Elabbasya

219

Elmanzala

39

Shoubra

220

Elgamalya

40

Ahmed Badawy

221

Elmatarya

41

Kholosi

222

Faraskur

42

Elqanater Elkhayreya

223

Ras Al-Barr

43

Dawaran Shoubra

224

New Damietta

44

Aghakhan

225

Kafr Saad

45

Elnile

226

Saad Zaghloul

46

Hilton Ramsis

227

Shbeen El Koom

47

Elmosski

228

Menouf

48

Mohamed Farid

229

Banha

49

Eldawawin

230

Shibin Alqanatr

50

26 July Street

231

Tukh

51

Bein Elsourein

232

Tala

52

Attaba

233

Elshohadaa

53

Abdel Khaled Tharwat

234

Quesna

54

Police Complex

235

Ashmoun

55

Dar Elkadaa

236

Sers Allyan

56

El-Darrasa

237

Sadat

57

Sherif Street

238

10Th Of Ramadan

58

Tawfiqiya

239

Zagazig

59

Azbakeya

240

Minya Elqameh

60

Elahram Foundation

241

Faqous

61

Nasr City

242

Belbeis

62

Elthawra

243

Kafr Saqr

63

Ahmed Fouad

244

Abu Kabir

64

Makram Ebid

245

Abu Hammad

65

Abbass Elakkad

246

Derb Negm

66

Elnasr

247

Hehya

67

Almaza

248

Elqareen

68

Elmethaq

249

Saker Children

69

Dokki

250

Hassania

70

Embaba

251

Damanhur

71

Elaalam

252

Rashid

72

Elwarraq

253

Mahmudiyah

73

Elmohandasin

254

Abu Al Matamir

74

Elsudan Street

255

Kafr Al Dawwar

75

Cairo University

256

Tahrir Badr

76

Elurman

257

Etay Elbarood

77

Mohamed Hafiz

258

Abu Homs

78

Elmesaha

259

Com Hamada

79

Wadi Elnile

260

Shubrakheit

80

Monshaat Elqanater

261

Hosh Eisa

81

Elzamalek Club

262

Nubaria

82

Syria Street

263

Elgoumhorya Hosh Eisa

83

Giza

264

Muhammad Karim Al-Asher Al-Laf

84

Umm Elmasreyeen

265

Ahmed Zewail Damanhour

85

Haram

266

Elmahla Elkobra

86

Elayyat

267

July 23 Mahalla

87

Elbadrashin

268

Kafr El-Sheikh

88

Kasr Elharam

269

Kafr El Zayat

89

King Faisal

270

Desook

90

Omrania

271

Zefta

91

Sound And Light

272

Sidi Salam

92

Maryotia

273

Rahmaniyah

93

New Faisal

274

Fooh

94

Manial Shihah

275

Baltim

95

Elhawamdiya

276

Bella

96

Backus

277

Ktoor

97

Qaliub

278

Basion

98

Abu Qir

279

Mohamed Farid Tanta

99

Gulf of Suez

280

Tanta

100

Muharram Bak

281

Ali Mubarak Tanta

101

Elseiof

282

Bekat Elsabaa

102

Isis

283

Mansoura

103

Loran

284

Modrea St

104

Elibrahimia

285

Met Ghamr

105

Mamoura

286

Aja

106

Ahmed Orabi

287

Sherbin

107

Karmoz

288

Sinbillawain

108

Marsa Matrouh

289

Dikirnis

109

Eldekhila

290

Mena Elnasr

110

Elameria

291

Belqas

111

Elagami

292

Talkha

112

Elgomork

293

Suez Canal

113

Borg Elarab

294

Elkharja

114

Elselsala Tower

295

Dakhla

115

Elbitash

296

Asyut

116

Elqabary

297

Dairut

117

King Mariout

298

The Qusiyyah

118

Bani Sweif

299

Manfalut

119

Elfashn

300

Abouteg

120

Beba

301

Sadfa

121

Senoras

302

Farafra

122

Elminya

303

New Assiut

123

Samalut

304

Sahel Selim

124

Maghaghah

305

Abnoub

125

Bani Mazar

306

Awsim

126

Matai

307

October 6, Cairo

127

Abu Qurqas

308

Wholesale Market

128

Mallawi

309

Industrial Zone

129

Dermawas

310

Smart Village

130

Fayoum

311

Cheikh Zayed

131

Elwasta

312

Financial District

132

New Minya

313

Beverly Hills

133

Etsa

314

Elhosari

134

Taha Hussien

315

Gharb Somid

135

Elbahr Elazam

316

Elwahat Elbahrya

136

Ebshway

317

Cairo Festival

137

Ihnasia - Beni Suef

318

Courtyard

138

The City - Beni Suef

319

Nile Tower

139

Elmasala Square - Fayoum

320

Badr City

140

Nasser City - Beni Suef

321

Town Star

141

Eledwa

322

 Ribke

142

New Beni Suef

323

Mokattam

143

Sohag

324

Bab Lok

144

Tahta

325

Talaat Harb

145

Elmaragha

326

Garden City

146

Gerga

327

Elsaha

147

Tama

328

Zamalek

148

Elmonshaa

329

Abu Al-Feda

149

Akhmim

330

Mohamed Roshdy

150

Elballina

331

Elgezera

151

Elkawthar

332

Elqasr Eleini

152

Sakolta

333

Al-Mansour Muhammad

153

Juhayna

334

Maadi Autostrade

154

Amoun

335

Al Qadah Towers - Degla

155

Elbahr

336

Maadai Sarayat

156

Nile

337

Abu Zenima

157

Pardis

338

Nawal St.

158

Dar Aisalam

339

Sandub

159

Orabi - Elmaragha

340

Concordia Plaza

160

Aswan

341

6th of October Club

161

Qena

342

Banking Airport

162

Luxor

343

Neama Bay

163

Nasr Elnoba

344

Akhnatun

164

Daraw

345

Naqadah

165

Naga Hammadi

346

Zoser - Abu Tisht

166

Kous

347

Farshut - Qena

167

Edfu

348

Al Fant

168

Deshna

349

Imbaba Gardens

169

Esna

350

Gisr El Suez

170

Armant

351

Farid Simeika

171

Kom Ombo

352

Technology Valley

172

Kafft

353

Nabq Bay

173

Abu Sembil

354

Dar Al Hilal

174

Aton

355

New Ayyat

175

High Dam

356

Grand Egyptian Museum

176

Corniche El Nil - Edfu

357

Studio Misr

177

New Aswan

358

Beni Ebeid

178

Bilad El Dahab - Aswan

359

Japanese Garden

179

Bahgora

360

Al Ahly Club - Sheikh Zayed

180

Horus - Elhilla

361

Tiraat El Gabal

181

Hatshepsut - Elkorana

362

Al Wirdyan


 

 

 

 
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