National project to provide employment opportunities for youth to eliminate unemployment

From Year 2018 - From Year 2022

Project Description

The project is divided to 

The first project: Providing loans for the implementation of micro, small and medium projects for young people to provide employment through the national project for local and community development.- Mashroak- is financed by Egyptian banks  National Bank - Bank Misr - Cairo Bank - Housing and Development Bank - Agricultural Development and Credit Bank

Second Project: Providing loans for the implementation of micro-projects to provide employment opportunities for youth and women workers through the local development fund of the Ministry

The feasibility of the project

Provide job opportunities for youth to contribute to the elimination of unemployment and improve the standard of living

Summary of achievements

The first project: Providing loans through your project financed by Egyptian banks

On 26 March 2015, the project was initiated in coordination with the Egyptian banks, National Bank, Banque du Caire, Banque du Caire, Housing and Development Bank, Agricultural Development and Credit Bank

The project continues until 30 June 2030

The obstacles to implementation were overcome through the use of a one-stop shop to receive and respond to requests, to shorten the documents and documents required for the loan applicants, to facilitate the financing procedures and to simplify the decision-making process in the bank to issue the decision to approve or reject the financing in a short period of time. Awareness and training for young people, and the borrower's access to the loan within a week maximum of the submission of the required required papers, and covered all the provinces with the number of 282 sites covering all the administrative centers in the provinces and standardize the lending methodology of the five banks Mettle and personal supervision by the governor to overcome obstacles

Through the project, 77,401 jobs were provided with funding of LE 4,058,265 billion

Second Project: Providing loans for the implementation of micro-projects to provide employment opportunities for youth and women workers through the local development fund of the Ministry

Beginning in 1979, the project was initiated to provide soft loans from the Ministry of Local Development and continuing until 30 June 2030

The Local Development Fund (LDF) is provided through the provinces with the names of those wishing to obtain loans and projects to be lent. The study is carried out through the local development fund's technicians and submitted to the Fund's Loan Committee for approval. A contract is signed between the Ministry of Local Development as the first lender and the local unit, The local unit is to be repaid and the local unit is the first lender and the second party borrower. The beneficiary pays the loan installments to the local unit,

During the period from 1 July 2017 to date, 12 thousand jobs were provided with funding of LE 65.3 million
 

To learn more about the program and apply for a loan. Please visit Mashrouk’s official website by clicking here.