FWRY
7.22
Microfinance
Being one of the crucial economic tools that contribute effectively to the development of the Egyptian economy within the framework of financial inclusion plans and Egypt’s Vision 2030, Microfinance is a strategic way for enterprises to fund their growing business. By helping business owners develop their projects and increase their incomes, it creates new opportunities that lead to an increase in employment rates and gives an opportunity for all business owners to upscale their projects.
Fawry believes in its national role in providing more financial services that facilitate and develop the lives of Egyptians. Fawry Microfinance Company was established to support micro-project owners by providing them with the empowerment they need through simplified procedures, digitalized processes, and understandable financial products
Being one of the crucial economic tools that contribute effectively to the development of the Egyptian economy within the framework of financial inclusion plans and Egypt’s Vision 2030, Microfinance is a strategic way for enterprises to fund their growing business. By helping business owners develop their projects and increase their incomes, it creates new opportunities that lead to an increase in employment rates and gives an opportunity for all business owners to upscale their projects.
Fawry believes in its national role in providing more financial services that facilitate and develop the lives of Egyptians. Fawry Microfinance Company was established to support micro-project owners by providing them with the empowerment they need through simplified procedures, digitalized processes, and understandable financial products
Being one of the crucial economic tools that contribute effectively to the development of the Egyptian economy within the framework of financial inclusion plans and Egypt’s Vision 2030, Microfinance is a strategic way for enterprises to fund their growing business. By helping business owners develop their projects and increase their incomes, it creates new opportunities that lead to an increase in employment rates and gives an opportunity for all business owners to upscale their projects.
Fawry believes in its national role in providing more financial services that facilitate and develop the lives of Egyptians. Fawry Microfinance Company was established to support micro-project owners by providing them with the empowerment they need through simplified procedures, digitalized processes, and understandable financial products
We provide funds for four business categories
Retail (Trade) Businesses
Production Businesses
Service Providers
Industrial Businesses
There are Three different funding products
Term loan
Term loans, for Fawry and Non-Fawry clients, ranging from 5k to 200k EGP.
Purpose : Working capital and Fixed Assets
Maturity : from 6 to 36 months
Bill Payments Overdraft
Credit Line for Fawry clients, ranging from EGP 1k to EGP 20k.
Purpose : working capital, where Fawry merchants can use available funds to conduct payments for bill providers (telecom, utilities, tickets, etc.) in a digital way, using their Point of Sales or Android application.
Repayment: up to 60 days
B2B Overdraft
Credit Line for Fawry clients, ranging from EGP 1k to EGP 20k.
Purpose : working capital, where Fawry merchants can purchase goods from BTB anchors in a digital way, using their Point of Sales or Android application. Fawry acts as a facilitator between small business owners and large companies.
Repayment: up to 60 days
We provide these funds through different means
Credit Via POS system
Cash from FawryPlus branches
The Applicant must have
An Egyptian nationality
Age from 21 to 60 years by end of loan
Proof of at least one year of work activity
Ownership or rental contract for housing or utility receipt not more than 6 months old
A valid national ID
If needed, a guarantor or 2 guarantors with proof of income
Ownership or lease contract for commercial activity or utility receipt not more than 6 months old
Tamweelak Fawry App by Fawry Microfinance
Tamweelak Fawry is a digital finance request and tracking tool designed to simplify the financing process for active micro and small businesses by allowing them to apply for loans at the time and place of their convenience. Tamweelak Fawry app marks another milestone in Fawry Microfinance’s efforts for digital transformation. The app meets the Company’s promise of promoting and boosting financial inclusion in Egypt by offering loans for micro and small businesses at a reasonable cost and with a sustainable approach.
Tamweelak Fawry App offers a seamless and secure experience for opening an account, applying for financial products and managing existing loans. With no hidden fees or complicated terms & conditions, clients can choose the best product that meets their needs and can calculate future payments by using imbedded Loan Calculator. Clients will never miss a payment thanks to reminders of upcoming installments, as well as outstanding balance notifications. In addition, Tamweelak Fawry App is protected by law which means Fawry Microfinance follows regulations set by the FRA to ensure merchants safety and security while using Mobile App services.
So, if you’re looking for an easy-to-use app that helps manage your finances without any hassle and zero disbursement fees – Tamweelak Fawry App is definitely worth checking out!