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Micro Finance Projects

In light of Banque Misr’s keenness to support small, medium and micro enterprises and entrepreneurs for their role in supporting the national economy, Banque Misr provides integrated financing solutions to support project owners at a competitive interest rate and in order to ensure the continuity of our role as success partners for our clients, we provide packages of solutions Integrated non-financial designed specifically to meet the needs of customers in various financing segments and various stages of the project, whether it is under construction or an existing project. Our non-financial services vary to include consulting services, training services, capacity building, marketing and networking and other important services to support projects, We also pay special attention to female entrepreneurs, due to our belief in the economic and societal role of Egyptian women, as we launched the integrated “Zaat” program to support Egyptian female entrepreneurs and businesswomen, which meets all their financial and non-financial needs.

 

 

Microfinance Products

MICRO FINANCE PROJECTS

First: Micro Enterprises

First Product Second Product POS Merchants - QR Code
Product Name First product – d/ micro loans first product/Mashrou’ak 1 – d/Mashrou’ak1/Bedaity2 d/Bedaity 2 Mashrou’ak – d/Bedaity 2 Mashrou’ak/Bedaity 3 – d/Bedaity 3/Bedaity 3 Mashrou’ak – d/Bedaity 3 Mashrou’ak/initiative – d/initiative/initiative Mashrou’ak – d/initiative Mashrou’ak Second product - d/micro loans Second product / Mashrou'ak 2-d/Mashrou'ak 2/Tamkeen / Tamkeen –d POS – QR Codes merchants first category D / POS – QR Codes merchants second category D / POS – QR Codes merchants first category D / POS – QR Codes merchants second category
Product Charges (1%) of the loan value issued, by deduction from the value of the loan that is automatically granted to the customer
Loan Value Value of loan granted: from EGP 5,000 to less than EGP 50,000 Value of loan granted: from EGP 50,000 to less than EGP 250,000 Loan value is determined as follows: 50% of the value of annual cash flows from POS + QR Code for our Bank customers at a maximum of EGP 100,000; 35% of the value of annual cash flows from POS + QR Code for other bank customers at a maximum of EGP 100,000
Product Benefits The loan may be renewed immediately upon repaying the current loan (full payment of debt); or on any date subsequent to the loan due date, with due regard to loan brackets, provided that the project is re-assessed by the committee upon document renewal The loan may be renewed immediately upon repaying the current loan (full payment of debt); or on any date subsequent to the loan due date, with due regard to loan brackets, provided that the project is re-assessed by the committee upon document renewal The loan may be renewed immediately upon repaying the current loan (full payment of debt); or on any date subsequent to the loan due date, with due regard to loan brackets, provided that the project is re-assessed by the committee upon document renewal
Accelerated payment is permitted, provided that the Bank receives a 3% commission on the remaining balance of the original loan. The loan is not renewed unless after a period of 6 months from the tenor of the agreed loan. Accelerated payment is permitted, provided that the Bank receives a 3% commission on the remaining balance of the original loan. The loan is not renewed unless after a period of 6 months from the tenor of the agreed loan.
Disbursement mechanism: cash For amounts up to EGP 100,000 disbursement is made in cash; for amounts exceeding EGP 100,000: cash disbursement shall not exceed 50%, provided that the remaining sum is disbursed via banking cheques provided to suppliers associated with the activity and individuals subject to desk inquiries, via the form designated for that purpose Disbursement mechanism: cash
Additional Product Information Installments due date: On the same day as loan disbursement effective the subsequent month, without a grace period.
Delay returns: 4% added to the applicable rate of return, to be calculated on the due monthly installments, while granting the customer a 3-day grace period from the date on which the installment is due, without charging a penalty.
Required Documents One year of practicing the activity
Copy of the lease contract, ownership deed or fixed-term lease contract documented at the land registry. Copy of the lease contract, ownership deed or fixed-term lease contract documented at the land registry. Copy of the lease contract, ownership deed or fixed-term lease contract documented at the land registry.
Recent public utilities receipt (water, gas, telephone bill) in the name of the borrower or owner that has been issued no more than 3 months ago. Recent public utilities receipt (water, gas, telephone bill) in the name of the borrower or owner that has been issued no more than 3 months ago. Recent public utilities receipt (water, gas, telephone bill) in the name of the borrower or owner that has been issued no more than 3 months ago.
Copy of the valid national ID of the borrower and guarantor Copy of the valid national ID of the borrower and guarantor Copy of the valid national ID of the borrower and guarantor
Copy of recent tax card verifying that there are no outstanding payable taxes Copy of recent tax card verifying that there are no outstanding payable taxes
Recent transcript from the commercial registry issued no more than 3 months ago Recent transcript from the commercial registry issued no more than 3 months ago
Copy of the latest insurance payment receipt Copy of the latest insurance payment receipt
Recent certificate of trade judgements (objecting by non-payment and bankruptcy) for the last 5 years 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 Approved income and balance statement for amounts exceeding EGP 100,000
Authorization by customer for deducting 1% issuance charges from the loan amount Authorization by customer for deducting 1% issuance charges from the loan amount
Authorization by customer for deducting charges of issuing risk insurance document from the loan amount Authorization by customer for deducting charges of issuing risk insurance document from the loan amount
Authorization by customer for deducting charges of issuing risk payment document from the loan amount, for loans exceeding EGP 100,000 Authorization by customer for deducting charges of issuing risk payment document from the loan amount, for loans exceeding EGP 100,000
Certificate approved by the bank with which the merchant transacts, indicating total POS or QR Code transactions in one year; as well as total commissions collected from the merchant in the same year; provided that bank signatures are validated by our Bank.
Submitting the account statement associated with the POS, whether from our Bank within 6 months or approved by the bank transacted with during the past year, indicating the volume of cash flows of online sales.

 

Financing societies, private institutions, and MSME financing companies

 

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

discount Rate +3 % p.a. decreasing


 

 

Financing societies, private institutions, and MSME financing companies

Product Name

Financing societies, private institutions, and MSME financing companies

Product Charges

Negotiable

Product Benefits

1. Assessing and identifying the financing needs of customers targeted by micro financing
2. Offering finance packages (short/long-term facilities, etc.) that enable these companies to fulfil targeted growth plans
3. Participating with various Bank sectors in offering integrated services to micro financing institutions, enabling them to operate in line with best-in-class service standards and serve micro financing customers

Additional Product Information

Provision financial services to societies, private institutions and financing companies operating under Law No. 141 of 2014 (and amendments thereof)

Required Documents

Submit all official documents required for the activity and as necessary for the credit evaluation

Communication Officers Contact No.

Address: Mohamed Farid Street - Spinning and Weaving Building - Cairo 153
Telephone +2(02)/ 23972992
+2(02) 23972966
+2(02) 23972973
+2(02) 23972996


The General Rules for Granting the Loan

  • The activity of the client shall be within the scope of the city, in which the branch granting the loan is located, and the villages and centers (Marakez) affiliated to it, in addition to the neighboring cities and the centers of governorates where there are no branches for Banque Misr or where there are branches that do not provide such service.
  • The activity must be established since one year at least, whether the client practices the activity and continues practicing it from his place of residence or the client has a separate place of activity (except for the products of Mashroak 1 and Mashroak 2; loan is granted for new projects, provided that three months shall elapse since the registration of the project).
  • The existence of joint guarantor whom is inquired about a comprehensive and good inquiry.
  • The client owning the project must be holding the Egyptian nationality; and must be of full capacity and good reputation; and his age shall not be less than 21 years old and not more than 65 years old at the loan maturity date; however, in case the client’s age exceeded 65 years old, then the guarantor’s age shall be less than 60 years at the loan maturity date.
  • The client or his guarantor, at least, must have the ability to read and write.
  • One loan is granted for both the customer and entity together; and concerning companies, no more than one partner shall borrow for the same entity.
  • The guarantor of the client requesting the loan shall not be a minor and shall not be guaranteeing another client.
  • The score of each of the client, guarantor and entity in I-Score’s assessment report shall be at least “Satisfying”.
  • The value of the monthly installment shall be appropriate to the profits that the customer receives from the project.
  • There shall not be bilateral guarantees between the debtor and guarantor.
  • The client shall not receive loans for existing Small Enterprises before receiving the approval on granting him/her the microfinance.

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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