Green finance
Alex Bank
|
Product |
Description |
Uses of funds (capex vs opex) |
Clients/Types of Projects |
Conditions |
Interest rate |
Link |
| Crops Finance | Finance dedicated to enhance customers with crops activities | CAPEX & OPEX | Small enterprises and Individuals | Loan Amount (working capital) up to EGP 3M Loan Amount (fixed assets) up to EGP 5M Starting from 23 to 65 years old Copy of national ID Commercial register Taxation card Contractual agreement for cultivated crop selling Company certificate/ statement, showing the count of crops provided by the farmer during the last season Letter from the agricultural cooperative association stating the customer’s experience in farming 2 price quotations for the financed fixed assets |
Interest: 32% Payment plans (working capital) up to 12 months Payment plans (fixed assets) up to 60 months |
|
| EBRD and EIB – GEFF | GEFF provides finance and advice for private sector businesses to improve competitiveness, through high performance technologies and practices. | CAPEX & OPEX | Commercial, Industrial, agriculture | Through the agreement, ALEXBANK will be provided with comprehensive technical assistance for the evaluation of development design and implementation tools related to energy-efficient investments and small-scale renewable energy facilities. In addition, eligible projects will be entitled to receive grants up to 15% of investments’ financial value. | N/A | |
| Micro Livestock Loan for Companies | Microfinance lending offered for companies to finance the need of growing their cattle farm | CAPEX & OPEX | Micro Enterprises | Loan requirements: National ID, a copy of the ownership or rental contract for the business site noting that the contract validity should be within the loan tenure, a recent telephone, electricity, or gas utility bill (maximum 3 months old), the age of the loan receiver should be within the range of 21- 65 years old, the business needs to have been in operations for at least 1 year with proof by documents or by field investigation, and a guarantor is required. | Interest: 31% Payment plans from 12 to 48 months |
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| Microfinance for Companies | Microfinance lending is provided for companies to finance their needs in developing or starting their own microenterprises (in cooperation with NGOs/organizations) | CAPEX & OPEX | Micro Enterprises | Guarantor required, Copy of national ID, Valid Commercial register (max 3 months old), A valid copy of the tax card, A copy of the ownership or rental contract for the business site. The contract validity should be within the loan tenure, Recent telephone, electricity, or gas utility bill (max. 3 months old), Starting from 21 to 65 years old, Minimum employment duration: 1 year of operation. |
Interest: 35% Payment plans up to 36 months |
|
| Small Business – Fixed Assets | Finance the fixed assets purchase (i.e. machinery, equipment, Vehicles & production lines) |
CAPEX | Small Enterprises | Valid commercial register, Valid taxation card, Valid national ID for all shareholders and partners, Valid activity-related documentation, Property documents, Financed asset quotation, Variety of repayment periods (long and medium tenors based on the financed asset up to 5 years). |
N/A | |
| Small Business – Livestock | All individual entities and companies working in the sector of agricultural and livestock development projects |
CAPEX & OPEX | Small Enterprises | Valid taxation card, Valid national ID for all shareholders and partners, Valid activity-related documentation, Property documents (statement of possession or a rental contract). |
Interest: 5% | |
| Small Business – Working Capital | Finance the working capital, either under inventory finance, receivables finance, or others |
OPEX | Small enterprises excluding the tourism sector, money exchange offices, real estate developers, and financial institutions | Valid commercial register, Valid taxation card, Valid national ID for all shareholders and partners, Valid activity-related documentation, Property documents, Guarantor required on a case by case basis. |
Interest: 22.25% Payment plans up to 12 months |
https://shorturl.at/SJilG |
