Funding for Development Programme
The main purpose of this program is to facilitate access to finance for the IMC beneficiary clients by helping them present an acceptable loan file to the financial institutions.
Finance through the Banks or Leasing Companies
The leasing is a new financing tool specially for fixed assets only This service is a new tool
for those companies which prefer not to deal with banks in general and needs long term
i f nance. Subject to the studies presented by the customers, the leasing companies can extend
the repayment period for up to 10 years.
The banks and leasing companies dealing with IMC are:
- National Bank of Egypt
- Societe Arabe Internationale de Banque
- Export Development Bank of Egypt
- Arab Bank
- Arab African International Bank
- Bank of Alexandria
- Egyptian Saudi Finance Bank
- orplease
- Sogelease
- Commercial International Bank
- Industrial Development Bank of Egypt
- Piraeus Bank
- Audi Bank
- Banque Misr
- Egyptian Gulf Bank
- National Bank for Development
- Incolease
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Equipment Grant Scheme |
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A scheme specially tailored for the companies that are purchasing equipment to help increase
production and, therefore, increase employment and exports if applicable.The scheme provides
for paying in cash the beneficiary company an amount equivalent to 10% from the investment
cost of the machines with a cap of 100,000 EGP (10% of the value with a cap of 200,000 EGP for Upper Egypt beneficiary clients).The Grant is being disbursed once per company, after the approval of the Grant Committee, the installation of the machines and the inspection made by IMC staff or experts.
In addition IMC provides the companies an amount equivalent to 15% from the
investment cost of the machines for the energy saving with a cap of LE 150,000
(15% of the value with a cap of LE 300,000 for Upper Egypt) and provides 20% from
the investment cost of the machines for the renewal energy with a cap of LE 200,000
( 20% of the value with a cap of LE 400,000 for Upper Egypt) .
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| Credit Guarantee Programme |
This program is being implemented by the Credit Guarantee Company (CGC) whereby
CGC would guarantee the repayment by the beneficiary client with a maximum of
50% of the loan provided by the banks (short and long term loans), where the loan
amount does not exceed LE 10 million and CGC guarantee does not exceed LE 2
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| Export Guarantee Programme |
The Export Credit Guarantee Company (ECGE) is administering two programs:
The first is discounting documents with 90% of the value of the post shipment documents
with a grace period up to 180 days.
With the support of IMC, this program is open to all sectors with a minimum per
transaction of 20,000 Euro and a maximum per importer of 4 million Euro up to 5
million Euro per exporter .
The second program, with the support of IMC, guarantees the importer's payment of the documents presented by the exporter. |
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Private Equity Funds
In addition to facilitating obtaining the required finance (loans) by IMC clients from the
banking sector, IMC is also introducing a new service to its clients in the other form
of finance which is Equity participation. IMC has started negotiating with a number of
Private Equity Funds (local and international) that would be interested in acquiring
part(s) of selected companies' equity (i.e. capital) according to theirterms and conditions
(criteria of selection).
In this same field, IMC has already joined forces with two of Egypt's largest investment
banking houses (EFG-Hermes and Concord Int'l) to form two different funds (HORUS
Agribusiness with EFG-Hermes and CORAL with Concord Int'l).The impact of IMC
joining those two funds is felt in the form of the Foreign Direct Investments (FDI) that
results from the creation of such funds.
In add ition IMC established the first three private equity funds for Industrial SME, s in
Egypt : The first one with Cl Capital and the second one with Nile Capital & the third
with Arab African Bank
Stock Exchange for Small and Medium Enterprises (NILEX)
In corporation with the Egyptian Stock market will deal with the Stock Exchange for
small and medium enterprises (NILEX).as a financing tool that could be achieved through
increasing the capital of the companies through trading in the Stock market.
Therefore these companies should be enlisted in the Stock Market to be qualified for trading. IMC will subsidize the enlisting process with 90%
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