Nasser Bank: Granting a hidden loan to 25,000 women, at a value of 490.7 million pounds

The Mastoura loan succeeded in financing 25,000 beneficiaries, with a total of 490.7 million pounds, as it works to support Egyptian women and help them achieve economic empowerment.

Nasser Bank

Nasser Bank confirmed that the Mastura loan targets financial inclusion by integrating borrowers into the state’s formal economy system, to take advantage of the comparative productive advantages in the different governorates, in addition to increasing economic growth rates at the state level, and raising the level of performance and efficiency by providing training for borrowers, and providing Economic empowerment of women who are able to work and beneficiaries of Takaful and Karama to raise their income level, and women who applied for the Takaful and Karama program, and were rejected due to the existence of family income, and those who are entitled to alimony with the aim of converting them into productive energies, in cooperation with the Long Live Egypt Fund

Micro projects

He added that the project also aims to provide the necessary financing to establish and support micro-enterprises that vary between animal production, commercial, service, industrial and household projects, as the project succeeded in reaching remote areas that no one had reached before, including Halayeb, Shalateen, Abu Ramad and Upper Egypt.

Loan term

He explained that the loan period starts from one year and a maximum of two years, according to the nature of the project, and the installments are paid monthly, and its value ranges from 4,000 as a minimum to 50,000 pounds as a maximum, according to the needs of the project, as the loan is delivered in kind through a disciplined system that contributes In improving the return on production, financing is made available without return and with relatively low administrative expenses, and it is the lowest in relation to the available alternatives, and death risks are insured, ensuring that the heirs are not required to bear any financial burdens, in addition to providing micro-savings accounts for the beneficiaries, which contributes to achieving Financial inclusion, and the provision of privilege cards for beneficiaries.

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