Sayeda Hosni story:

Sayeda is 48 years old; she is married with two sons and two daughters. She runs a small business of making dairy products, which many locals buy in the village. She is a referral from an NGO that gives general training and supports the income of people.  

Her husband is a farmer that plants traditional crops and has seasonal income. Her small business is a great contribution to the life of her family, as it supplements the slow farming months by bringing money into the house.

Sayeda makes a variety of products from the milk that they get from their 2 cows. She makes cheese and yogurt in addition to selling fresh milk. She has been running this small business for more than 10 years now. Sayeda needs to buy a fridge to be able to store the products more and also give the chance to produce more at the same time as she will be able to store it.

She has applied for a loan of 9500 EGP to raise capital for her fridge and other utensils that she needs in her work.

Loan needed: 9500

Loan period: 6 months

Naslink Note:

There are many NGOs in Egypt that do vocational training when they have some funds but cannot provide continual funds for people to remain working and able to grow. The NGO know Sayeda and believes that the use of the money will be specific for the request. Dairy making is very common in rural Egypt and an income source for many families.  

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.