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ACI Loans
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General Eligibility Criteria of Enterprises
- More than 15 full-time workers
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An industrial project
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A private sector establishment
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Have a commercial registrar or industrial registrar
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Potential for growth
- Financing
an Environmental investments
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Be a member of the Federation of Egyptian Industries
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How can I apply?
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Small and medium enterprises which are members of the
Federation of Egyptian Industries (FEI) are eligible to apply. ECO's initial services
consist of a technical study of the enterprise in order to asses cleaner production
options. Parallel to the technical study runs a credit study with the National Bank
of Egypt (NBE) to ensure legal financial status of the enterprise. Project approval
will be decided by a Steering Committee and the NBE for final fund distribution. |
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The Revolving Fund |
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ECO's close relationship to the NBE ensures easy access
to funds. The fund takes the form of loans provided by the NBE at a very low interest
rate of 2.5% per annum. The fund provides financial support for cleaner production
technology implementation within selected sectors of the industry. Once investments
are implemented, enterprises must repay the amount of the loan from their own resources
through installments, either monthly/quarterly or yearly, within a time frame of
5 years.
Enterprise
contribution and loans given to enterprises vary depending on the total individual
investment. |