Mashrouak: loans for small projects

Two kinds of loan

Micro loans

From EGP 1,000 to 50,000, with no licence needed.

Small and medium loans

From EGP 50,000 to 10 million, with a licence.

Interest

From 5%, depending on the banks’ lending policies, for trade, services and the professions.

Banks

National Bank of Egypt, Banque Misr, Banque du Caire, Alexbank and the Housing and Development Bank.

Documents for a micro loan

• A copy of the national ID card of the applicant and of the guarantor.
• A copy of the title deed with a certified signature, or a dated lease.
• A recent utility bill (water, electricity, gas or telephone) for the business and for the home.
• A copy of the military service certificate, for applicants under 35.

Extra documents for a small or medium loan

• A permanent or temporary operating licence if there is one; if not, Mashrouak issues it.
• The commercial register, the tax card and the social insurance papers.
• A certificate of contents and the licence of the building the project is in.
• An engineering drawing.

How to apply

1. Go to the Mashrouak office at the district headquarters and fill in the loan application.
2. Bring the documents; the file is prepared for the bank and the kind of project.
3. A temporary Mashrouak licence to operate for up to five years can be issued.