Arts & Crafts
Youssef Carpentry
8500 EGP Collected of 8500 EGP
Youssef Refaat’s story:
Youssef is 37 years old; he is an ambitious carpenter man who lives in Cairo. He has been engaged in this field for 14 years, he rented a carpentry shop. Youssef Refaat is a married man with three children, his eldest son helps him in the workshop. He makes many different types of rooms from bedrooms to dining rooms and kitchens. Most of his clients are from his neighborhood.
Youssef needs to buy raw materials and tools. Prices are very turbulent and always changing, buying more stock now will give him the chance to manufacture with cheaper prices.
This loan will help him to increase his productivity and improve his income.
Loan needed: 9000
Loan period: 7 months
Naslink Note:
Prices of wood have increased but slow importation will encourage local wood workshops to produce alternative pieces for local consumption.
Naslink loan will help Youssef in his working capital and stock his raw materials to decrease the effect of the changing prices
Loan Terms and conditions:
Zero Interest Rate
Monthly Repayment
Naslink will wait for 75% of requests before transfer to the borrower. Repayments start 1 month from transfer to borrowers.
By supporting this borrower, you are agreeing to the following:
An admin fee of 4.5% will be deducted from the repayment installments.
Fees are used for verification and operational expenses.
An optional 5% of support amount may be given by the supporter to the borrower at the repayment of the last installment as an incentive for full repayment.
Automatic re-lending options may be selected at payment.
Supporters may not support more than 50% of the loan.
All payments are electronically exchanged for transparency. No cash exchange.
No credit card or other similar financial data is stored on our system. Just name and phone number.
The borrower is signing legally binding documents and contracts to ensure the full repayment of support.
Age | 37 Years
Location | cairo
Duration | 7 Months
