Social Fund Program for Small Projects

Social Fund Program for Small Projects

According to the Social Fund Program for Small Projects, the bank will facilitate offering loans at a declining interest rate of 10%. Such loans will be used in capital and fixed assets funding and repayment will be settled over a period of 5 years.

Additionally, the bank offers the following products that have been planned in accordance to the Social Development Fund Program to finance small businesses and projects, such as:

1) Program for Physicians, Dentists and Veterinarians

Amount of Loan
LE 750,000
Term of Loan
3 Years
Grace Period
6 months
Purpose of Loan Financing clinics and radiology devices

2) Program for Medical Analysis

Amount of Loan
LE 250,000
Term of Loan
3 Years
Grace Period
3 months
Purpose of LoanFinancing laboratory devices

3) Program for Radiology, Optics, Beauty, and Dermatology Centers

Amount of Loan
LE 2,000,000
Term of Loan 4 Years
Grace Period 6 months

Purpose of Loan
To purchase radiology, optical and laser devices

4) Program for Pharmacies

Amount of Loan LE 2,000,000
Term of Loan 4 Years
Grace Period 3 months
Purpose of Loan Financing pharmaceutical equipment and working capital cycle

5) Program for Accounting and Consulting Firms

Amount of Loan LE 100,000.-
Term of Loan 24 months
Grace Period 3 months
Purpose of Loan Financing equipment and office furniture

6) Program for Companies Transporting Goods and Passengers

Amount of Loan LE 2,000,000
Term of Loan 4 Years
Grace Period 3 months
Purpose of Loan Financing purchase of modern transportation vehicles

7) Program for Furniture Workshops

Amount of Loan LE 500,000.-
Term of Loan 3 Years
Grace Period 3 months
Purpose of Loan Financing purchase of wood and workshop accessories as well as machines required

8) Program for Schools and Universities

Amount of Loan LE 2,000,000.-
Term of Loan 4 Years
Grace Period 3 months
Purpose of Loan Financing purchase of locally manufactured buses and microbuses.

9) Program for Gas Stations

Amount of Loan LE 2,000,000.-
Term of Loan 4 Years
Grace Period 12 months
Purpose of Loan Financing required construction to build gas stations