Financial Inclusion for Farmers
Agriculture is a key sector in the Egyptian economy and was one of the main factors that contributed to the growth of the Egyptian civilization and for that reason ALEXBANK believes in the importance of the Egyptian farmers and is keen to support them by providing them with accessible banking and services that best suit their needs.
Included products and services:
- Tiered saving account with monthly interest payments starting from EGP 250
- No minimum account opening balance
- Free account opening & maintenance fees
Micro loan for livestock
- Loan duration from 12 to 48 months
- Loan amount up-to EGP 100K
- Guarantor is required
Microfinance for Individuals
- Loan duration up-to 36 months
- Loan amount up-to EGP 50,000
- Guarantor required
Inspire Debit Card
Meeza Prepaid Card
Mobile Application and Internet Banking
Ma7fazty Mobile Application
ALEXBANK initiatives towards farmers...
WFP Smallholder Farmers Programme
Under the scope of this partnership, ALEXBANK strives to compliment The United Nations World Food Programme goals and efforts in Upper Egypt through a comprehensive purposeful lending program including amended, as well as tailor-made financial products that are designed to support the needs of the smallholder farmers and livestock holders to absorb the farmers who need immediate support.
To date, a total of 2,529 loans have been booked acquiring 41,951,500 EGP worth of loans, of which 1,391 of the loan takers are women, representing around 55% of the total.