Financial Support Program for industrial facilities

Soft Loans

Revolving Fund – a unique instrument
A unique feature of the ECO was the establishment of the Revolving Fund. The fund is operated by granting loans to enterprises which, then, pay the loan back into the fund. This enables the fund to grant new loans to new enterprises, hence the name the Revolving Fund.

ECO provides access to soft loans for funding new industrial equipment serving Environmental Compliance application and energy saving. Loan amounts could reach EGP 7 million per enterprise carrying a 3.5% annual interest rate with one year grace period and a repayment period of up to five years. These loans can be obtained through the National Bank of Egypt or other participating banks.

Eligibility Criteria

• Membership of the Federation of Egyptian Industries.
• Facilities subordinate to the following industrial sectors: Engineering, metallurgy, food, textile, readymade garments, chemicals, leather products, leather tanning, wood products, furniture, building materials, printing and packaging, pharmaceuticals, finally, seeds and their products.
• A private sector facility.
• Small and medium industrial facilities.
• Willingness to address sustainable development issues.
• Creditworthiness

Funding Structure
The funding structure of the project and the value of the funding support shall be as follow:

Investment value	Owner’s share	Loan value
More than 500,000 EGP up to 2,000,000 EGP.	10%	90%
More than 2,000,000 EGP up to 5,000,000 EGP.	20%	80%
More than 5,000,000 EGP up to 10,000,000 EGP.	30%	70%

Funding procedures: