 We had a very successful previous experience in revolving loans project – our partner was club was LINZ-LANDHAUS – Austria, District 1920 MG # 58671. The project was successfully achieved for 2 cycles (2 years). We have a unique experience; with the approval of our partner club we didn't charge an interest rate. However the host club, our club (RC of Sakkara had pledged to pay for the stumbling cases).
That experience had encouraged us to extend the range of beneficiaries, as more people are in need.
Revolving loans (Micro- credit Loans)
Providing the seed money micro-credit (Revolving Loan) to 100 beneficiaries of low income women and girls who are supporting their Families. The loans will be granted to them to start their micro-credit projects in groceries, vegetables and fruits, backing sewing and detergent production, in Giza suburbs and villages, the area that RC serves in addition of providing vocational training to help them to successfully run their business..
Vision
Combining granting loans with professional training
Mission
Granting loans and providing different vocational courses according to the professions needed in the communities.
Main Goal
Decrease of unemployment
Increase of productions
Promoting skills and profession
Turning those sector of to become productive rather than been supported.
Helping them to develop their community
Paying Back:
After passing the vocational training, each will get a grant of EGP 1100 with a grace period of 2 months, the pay back on 25 bimonthly installments (EGP 44/ 2weeks)
Project Cost:
Micro credit (revolving loans) USD 25000
We will open a sub bank account for that project and we will provide bank statements and all other necessary bills and documents including pictures.
Thebes NGO will run the project under our supervision and the visits of our members. After 2 cycles the Equipments will go to the Thebes NGO to provide more training.
We have great experience for collecting the installments.
The Project
USD 25000 = EGP 137500
EGP 110000 for 100 Beneficiaries = USD 20000.
Each beneficiary gets EGP 1100.
EGP 110000 For 100 beneficiaries each EGP 1100
EGP 20000 Equipments (sewing machines and
Baking machines, tools & materials)
EGP 15000 30 sewing machines
EGP 3000 2 stoves for baking
EGP 2000 Some tools and Materials
EGP 7500 Vocational Trainings (Salaries 4
Trainers/4 classes)
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Total EGP 137500 = USD 25000 | 
