National Bank of Egypt (NBE) supports all existing and new micro-enterprises in all economic sectors, including the commercial, service, industrial, agriculture and handicraft sectors.
These enterprises are directly supported via the following programs:
Micro, Small and Medium Enterprises Development Agency (MSMEDA) program (“Tamkeen Microfinance Project” contract to finance new and existing micro-enterprises nationwide)
1- Purpose of finance:
- Finance the purchase of new machinery and/or used or imported machinery and equipment. (as per the conditions stated by the bank)
- Finance the working capital of new and existing enterprises.
- Finance livestock projects.
- Finance the project’s fixtures and finishing, along with funding the working capital and/or equipment.
- Finance medical centers, clinics, pharmacies owned by doctors working in the public, business and private sectors.
2- Maximum finance:
- Up to EGP 750,000.
3- Term of finance:
- Up to 5 years.
Direct lending under “Mashroak” program
NBE cooperates with the Ministry of Local Development (MLD) to provide finance via NBE’s representatives present at various local units nationwide.
1- Purpose of finance:
- Finance the purchase of machinery, equipment and fixtures.
- Finance working capital. (Processing ores and expenses)
- Finance livestock projects.
- Finance Business owners and self-employed.
- Finance the purchase of cars. (as per the conditions stated by the bank)
2- Maximum finance:
- Starting from EGP 25,000 without ceiling, as per the relevant credit study.
3- Term of finance:
- Up to 5 years.
These enterprises are indirectly supported via NBE’s services provided to microfinance associations and companies, namely:
- Extending credit facilities to microfinance institutions.
- Coordinating with different microfinance institutions to use credit facilities via electronic payment channels and provide such facilities to micro-enterprises.
- Financing natural villages indirectly via microfinance institutions for development and sustainability purposes.
- Providing technical support to customers of on lending institutions.
- Offering different NBE products, such as Al Ahly Payroll, Al Ahly Net, etc.
- Installing ATMs adjacent to business locations of these institutions.
- Installing POS machines at branches of microfinance institutions.