Targeted projects:
New Micro, small and medium enterprises that are existing, in all sectors of economic activity.
Geographical scope: all governorates
Fields of using loans that will be granted to clients:
1- Financing the purchase of machinery, equipment and fixtures.
2 - Financing the current activity (raw materials and operating expenses)
3- Financing livestock projects.
4- Self-employed professions.
Minimum of The borrower’s contribution to the project, repayment period allowance, and revenues
|
The size of the funding |
borrower’s contribution |
repayment period and allowance |
revenues |
|
Up to 25 thousand pound |
- |
12 months |
28% |
|
Greater than 25 to 100 thousand pound |
10% |
Medium term loan with a maximum of 5 years, including an allowance period, with a maximum of one year |
A return rate of 12% is applied for financing up to 3 years, and 13% for financing over 3 and 5 years |
|
Greater than 100 to 250 thousand pound |
15% |
|
Greater than 250 thousand pounds up to 2 million pounds |
30% |
|
Greater than 2 million pounds |
40% |
According to the results of the project study |
Guarantees:
The appropriate guarantees are obtained according to the circumstances of each case, which may include: -
1. Insurance against risks of non-payment and insurable material risks.
2. Appropriate personal guarantees.
3. Project assets.
4. The appropriate commercial papers are dated according to the scheduled payment program.