The Industrial Modernization Program Credit Guarantee Fund (IMP-CGF)
The program aims to contribute in developing the industrial sector through providing finance in order to modernize different industries through introducing Guarantee mechanism by the Company, in order to encourage banks to finance medium and long term Credit Facilities with high credit risks.
Existing or new projects (as per CBE definition) with no less than 10 insured employees (at the time of obtaining the Credit Facility) and equity shall be 20% at the minimum whether cash or in kind.
- Industrial or services activities related to the industrial or technical knowledge activity leading to industry modernization with the aim of increasing productivity and directing towards exporting.
- The project shall be established in Egypt.
- The investment cost for the project shall not be less than EGP 500,000.