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Small Enterprises Projects



 


 

Microfinance in the light of the CBE’s initiative

 

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    Product 1

    Product 2

    Product 3

    Product Name

    Mashrou'i - Mashrou'ak

     Digital small Business Loan "Express"

    Loan product for financing POS and QR Code Merchants   

    Product Charges

    Return price:
    A simple 5% decreasing interest for industrial and service activities and liberal professions according to the initiative of the Central Bank of Egypt 
    Competitive interest rate for commercial activities

    Rate of  Return:                                                                             First: For customers who are subject to the instructions of the Central Bank of Egypt
    • 5% (decreasing interest) for service and industrial activities
    Second: For customers who are not subject to the conditions of the Central Bank of Egypt initiative
    • A competitive interest rate is applied to commercial activities.

    First: For customers who are subject to the instructions of the Central Bank of Egypt
    5% decreasing interest (an initiative of the Central Bank of Egypt) for service and industrial activities.
    Second: For customers who are not subject to the conditions of the Central Bank of Egypt
    A competitive interest rate applies to commercial activities.

    Product Benefits

    whose sales range from one million to less than 50 million pounds, to develop, expand, replace and renew through financing projects that provide permanent job opportunities that increase production and income.
    Financing all types of individual establishments, people companies, companies and funds in all activities, whether industrial/commercial/service, in addition to liberal professions, as well as medical activities, clinics and pharmacies, environmentally friendly activities and equipment for the purpose of switching to clean energy "natural gas and solar energy". Financing is made through short, medium and long-term loans to finance working capital and to finance “new/used” local and imported machinery and equipment and means of transportation.
    The loan amount ranges from EGP 250,000 to EGP 8 million to finance existing and new activities.
    The loan term ranges from 1 to 5 years, including the grace period, according to the nature of the project.

    increases the market share, speed and ease of submitting the application for the client, improves the expertise of the team and achieves higher productivity.
    - Grants within 5 working days from the date of completing the documents, while reducing the number of required documents to 5 basic documents to speed up and facilitate procedures for the client. 
    - Financing all types of individual establishments and companies of persons in all activities, whether industrial, commercial or service, whose sales range from one million pounds to less than 50 million pounds.
    - The loan amount ranges from EGP 100,000 to EGP 2 million to finance existing activities
    - Loan term:
    First: Working capital only (maximum 3 years) 36 months without a grace period.
    Second: Machines and equipment only (maximum 5 years) 60 months including a grace period of maximum 3 months.
    Third: Machines and equipment + working capital (maximum 4 years) 48 months including a grace period, maximum 3 months.

    Medium-term loans to finance working capital for existing activities in existing small projects, whether they are individual establishments or people’s companies and money companies, and the annual sales volume ranges from (one million to less than 50 million pounds).      
    This applies to: our bank’s clients who are merchants of electronic point of sale machines POS and QR Codes, which have been contracted with them by our bank for 6 months or more.
    In addition to clients of POS electronic point-of-sale machines merchants at other banks, who have a contract for at least one year.
    The following applies to clients of both groups:
    - The minimum loan amount is EGP 100 thousand and the maximum is EGP 3 million.
    - Guarantees the cash flows received from the activity through the electronic point of sale machine POS which is operated by our bank or contracted by other banks, in addition to the cash flows from the QR code
    - The maximum loan term is three years (36 months) and the minimum period is (12 months) without a grace period.

    Additional Product Data

    Financing percentages:
    Up to 80% for machinery and equipment 
    Up to 80% for automotive
    Up to 100% for working capital

    Financing percentages:
    Up to 80% for machinery and equipment 
    Up to 100% for working capital

    Financing percentages:
    Financing needs are calculated in light of cash flows generated by POS device; whether inside our Bank or at other banks.

    Required Documents

    Recent transcript from the commercial registry
    Copy of tax card
    Copy of activity license (temporary, final, under issuance or not subject to license)
    Taxation and insurance status
    Copy of the project location’s ownership deed or lease contract
    Budgets since start of activity or a maximum of the last three budgets for existing companies
    Copy of articles of incorporation and amendments thereof (for individual or finance companies)
    For recently established projects: feasibility study from a certified public accountant

    Recent transcript from the commercial registry
    Financial statement for at least the last year
    Taxation or insurance status
    National ID of enterprise owner / partners if "companies" 
    Tax card
    Articles of incorporation or the latest amendment in the case of "companies"
    Supplier records (at least 2 suppliers) or quotations in the case of financing machinery 

    Recent transcript from the commercial registry
    Copy of tax card.
    Copy of activity license (temporary, final, under issuance or not subject to license)
    Taxation and insurance status
    Copy of the project location’s ownership deed or lease contract
    Budgets since start of activity or a maximum of the last three budgets for existing companies
    Copy of articles of incorporation and amendments thereof (for individual or finance companies)