Mohamed AlAshmawy, Chairman of United Bank and  Cairo Chamber's board member Said that the

bank's plan for supporting and financing small and medium enterprises is the fundamental basis for the

country's economy and the way of  growing in  the coming period.

He added that there is a representative of the bank was keen to attend all meetings of the Commercial Divisions at Cairo Chamber of Commerce to explain the ways of financing from the bank and responding to all inquiries of Cairo Chamber's companies .

He pointed out that the bank in collaboration with the Chambers of Commerce presents the

"breakthrough initiative" to raise production efficiency and improve Egyptian product quality and give a

strong push to revive the economic situation of the domestic market. it is aimed at financing a wide

range of traders in various fields to push the market,increase opportunities for growth and

competitiveness, revive the existing recession , gradually generate medium investments until improving

the economic situation again with high efficiency.

He stressed that this initiative gives applicant for funding three benefits :

 First: raising company's capital in the market,

 Second:  purchasing systems of developing and improving the products,

 and the third for paying expenses of training, which aims at raising the efficiency of the human elements

the minimum for funding is 25 000 pounds and a maximum 50 000 pounds and will be paid over 30

months by  Sharia-compliant system " Murabaha".

He explained that the programs of "breakthrough initiative" was designed and developed to serve a wide

range of clients in various activities which included  five specialized fields: -

The first is known as the "supplier "by which suppliers of small and medium enterprises and who

supplied the needs and requirements of projects and large companies of raw materials, production

supplies and other services that its business cycle is more than three months, such as the food sector,

manufacturing industries and the activities of the commercial sector.

 The second is the "Dealer" under which is funded by distributors and wholesalers whom fit the definition

of small and medium enterprises, those whom sell and distribute the products to projects and large

companies for both consumers or to other projects which used these products as raw materials or as a

production requirements that should exceed the activity cycle of financing during three-months.