Arranging microfinance companies is an important issue for many young people, given the economic crisis the country is going through, and the lack of jobs for recent graduates. With the help of some wealthy people, now let's learn about the arrangement of microfinance companies through the money makers website.
Ranking of microfinance companies
There are many agencies and institutions that help build small projects in Egypt. The arrangement of microfinance companies is as follows:
1 Aman Microfinance
Aman is one of the first companies in arranging microfinance companies in Egypt, and you can apply for funds through the company’s website, which can be accessed by clicking here , but requesting funds from Aman requires several items that must be available The person has, among these items:
- That the person has a personal card that contains his social information, and it is not expired.
- The person must be of Egyptian father and mother.
- Submit papers that prove the person's experience in the field in which he wishes to open a project.
- The presence of an individual who guarantees the person obtaining the funds, and the guarantor is known to be trustworthy among the people, and the guarantor must have a continuous source of income.
- The person who takes the money shall not be a guarantor for one of the other clients of the company.
- That the person is known for his honesty, and does not have previous cases in which he has been judged in the Egyptian courts, and he must be known among the people for his ability to perform the work that he would like to set up a project to work on. He is good at cooking.
- Proof of sufficient source of income to pay the required funds each month.
2 Tashel for microfinance
This company enters into Tasaheel for microfinance, the money can be obtained from Tasaheel and then returned within several years. To him by clicking here , and the documents required in order to obtain funds from the company are as follows:
- A copy of the personal identity that contains the social information of the person who wants to receive the money, as well as a photo of the personal identity of the person who insures the individual receiving the money.
- The paper you get from the law is a license that allows you to do business.
- Papers evidencing the person's payment of the money owed by the state and for which services are provided to the citizen.
- The insurance policy, and the confirmation of its payment by the person who wishes to receive the funds.
- Accommodation contract.
- Electricity or water bill payment paper.
3 Fawry for Microfinance
It is possible to apply for taking money through Fawry company through the company’s website, which can be accessed by clicking here . The company has started to provide support and assistance to young people by providing the necessary funds to start a business. The terms and conditions of submission are the following points:
- The person submitting the application must have reached the age of majority, and must not be more than sixty-five years old.
- The amount that a person takes can reach two hundred thousand pounds.
- The period for returning the amount taken is a maximum of two years.
- Payment can be made through Fawry's locations.
- The person submitting the application must submit a copy of the identity card that contains social information, and provide a paper indicating the place of residence, a document proving that the person has carried out the activity that he wants to open a project to practice.
- A value of money can be taken before the first payment is completed, if the person is disciplined in paying.
4 SANADA Microfinance
This company was named by this name to emphasize its support for those who do not have a large income to carry out projects, and it is possible to apply for funds through their electronic page on the Internet by clicking here .
The largest amount that you provide is thirty thousand pounds, and the person must be of the age of twenty-one and not over 65 years of age, the person must have a guarantor, the payment period does not exceed two years, and the documents required for submission are the following points:
- That the person submitting the money dog write his data on the application paper designed by the company, and write the signature of the person who wants to receive the money, as well as the signature of the person working to secure it.
- The personal identity that contains the social data of the person, of the person submitting the application and the guarantor.
- Contract of ownership of the person's place of residence.
- Paper for the payment of money owed to the state due to a person's consumption of electricity or water.
- The items for applying to the application are that the minimum amount paid by the company is ten thousand pounds, and the largest amount that you provide is thirty thousand pounds, and the person must be of majority age and not over 65 years old, the person must have a guarantor, the payment period does not exceed two years .
5- The simplicity of “Vitas” for microfinance
Basata Company does not only give money to set up projects, but it also provides vacant jobs for young people, and you can apply for money from here , and the items needed to request money are in the following points:
- Age not less than twenty-one years.
- Good manners, so that it is ensured that there are no previous issues.
- The person must have at least the first stage of basic education certificate.
- Dedication to a new job.
- Papers with a study of each aspect of the project.
Financing through banks
There are many banks that offer offers every once in a while, and these offers contain opportunities for people who need funds to start a new business, but this is by returning the money with an increase. Papers and conditions required for requesting funds from banks:
- A copy of the personal identification that contains the social data about the person.
- Accommodation contract, or lease contract.
- The person has an Egyptian father and mother.
- That there is a guarantee equal to about 75% of the amount, or that he submits a paper attesting to his work in one of the sectors that provides the salary on a regular basis every thirty days, and a paper stating with the approval of the manager of the work that he transfers the salary to the bank.
- The person must submit a file containing all the information and details of the project, and the amount he needs.
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