Banque
Misr funds Small Enterprises at 5% simple diminishing interest rate
In the light of the bank’s
leading role at boosting the economic development as well as contributing to
society development, Banque Misr was keen on the effective participation at the
CBE’s initiative for supporting small-sized projects, which aims at fighting
unemployment, increasing the gross domestic product (GDP), and achieving
sustainable development.
Therefore, Banque Misr offers
distinct financing products that fulfill the demands of the small-sized
projects with annual business value (sales/revenues) ranging between EGP 1 million
and up to EGP50million. The financing products are offered at 5% simple
diminishing interest rate for the eligible industrial and service activities,
according to the following CBE’s terms and conditions:
Existing enterprises
Sales value ranging from
EGP 1 million up to less than EGP 50 million
First:
Enterprises don’t receive our banking facilities and their business activities
are being carried out for more than one year:
Second:
Enterprises with no financial statements enjoying the current banking
facilities:
Newly– founded
enterprises
(The business practice was
launched in less than a year)
Paid-up capital of industrial enterprises ranging between EGP50,
000 to less than EGP 5 million.
Paid-up capital of non- industrial enterprises ranging between
EGP50, 000 to less than EGP 3 million.
Submitting all the documents required for receiving loans and
facilities.