Initiatives

Financing Small Projects

Financing small & Microfinance projects according to the Central Bank initiative

Purpose of finance

Providing the necessary finance to small and micro establishments and companies as defined by the Central Bank of Egypt:

Existing Companies

employment size

Annual sales/ Revenues

less than 10 persons less than one million pounds Micro enterprises
less than 200 persons From 250 thousand pounds up to less than fifty million pounds for companies working in the field of agriculture and related activities Small enterprises
From one million pounds up to less than 50 million pounds (for other existing enterprises)

New companies (newly established)

employment size

Paid-up Capital

less than 10 persons less than 50 thousand pounds Micro enterprises
less than 200 persons From 50 thousand pounds up to less than 5 million pounds for industrial establishments and less than 3 million pounds for non-industrial establishments Small enterprises
From one million pounds up to less than 50 million pounds (for other existing enterprises)

* Clarification for Small companies and establishments

The companies engaged in the agricultural field, agro-processing .dairy, fodder, fisheries,poultry and livestock wealth (fattening .breeding, milking,or egg laying)

Fields of Finance:-

– Operating, establishing, developing and preparing livestock projects
– Operating, establishing, developing and preparing poultry projects
– Operating, establishing, developing and preparing fisheries projects
– Operating and establishing the agro-processing projects
– Operating and establishing apiaries to produce honey
– Operating rural and environmental development projects
– Agricultural marketing projects and the related commercial activities
– Marketing the agricultural crops for farmers and producers
– Agricultural production projects
– Agricultural reclamation projects
– Industrial activities projects related to all kinds of agriculture
– Establishment of rural, environmental and service development projects/ plants of fruit sorting and processing/ refrigerators and freezing expenses.

Methods of payment:-

According to the nature of the activity and the project cash flows

Interest rate:-

5% annually “Simple decreasing return” without administrative expenses”

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