David Amgad Story
David Amgad is 20 years old; He studied in a basic technical school but decided to continue his education and is now in the first year of Cairo University. He lives in Ezbet Khairallah area in Cairo.
Ever since he was a young boy, David helped his dad who was a technician in a small workshop that handles recycled gold pieces and refines it to be reused by larger workshops. It’s a very old tradition in Egypt.
As he grew, David decided to use the skills that he learnt, and which are not very common to start having his own small workshop. He decided to start the activity of buying scrap gold pieces and combining them in a melting basin and reforming them to be sold to larger workshops.
His idea is going very well and has reached out to Naslink as he needed to buy more advanced tools and a basin to absorb more pieces and produce better quality.
Loan Needed: 6,000
Duration: 8 months
Naslink Note:
Although David is quite young, he is quite creative and has a good business sense, a skill that has not passed to younger generations. We met David and checked his story and job. He has developed a steady income. He will be able to repay the loan without affecting his livelihood.
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 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.
• No credit card or other similar financial data is stored on our system.