Micro Finance

Being keen on serving its customers, particularly small borrowers, and rendering them distinguished products, the Bank of Alexandria offered a new product to finance micro-scale enterprises (the working capital and the expansion plans for developing existing enterprises).

Target Segments

1-     Micro entrepreneurs whose projects are existing from at least a year.

2-     The borrower should be Egyptian and his age should not exceed 60 years.

3-     The customer's place of business should be within the branch's geographic area.

Loan Amount

From EGP1000 to EGP25000.

Loan Term

From 4 to 12 months to finance the working capital. As for the renewed loans exceeding EGP15000, the maximum loan term shall be 18 months.

Payment of Installments

Installments are paid monthly

Privileges

1-     Helping customers expand their projects.

2-     Extending the loan via the nearest branch to the customer.

3-     Offering the loan as soon as possible.

4-     The prompt repayment is allowed.

5-     Renewing the loan once it is repaid.