Many companies, particularly small businesses and startups, seek sources of financing. This is particularly true for Micro, Small, and Medium Enterprises (MSMEs), as they need to be able to start and sustain their work. These enterprises require immediate financial support to pay employee salaries and fund the purchase of raw materials to continue their operations.

 Steps to Get Funding: 

The project or idea owner submits a financing application through the "Monshati" platform.

 Apply: 

The employee of the selected entity for financing becomes acquainted with the enterprise to diagnose and determine the needs of the enterprise for financing.

A field visit is conducted to the enterprise, and if the enterprise needs funding, it is directed to the appropriate type of financing.

After the applicant provides all the required documents, a specialized committee will study the application and determine if the client is eligible for financing. The committee assesses the client's credit, banking, and legal status and evaluates the feasibility of financing for the enterprise.

After approval of the financing application, the loan is disbursed according to a mechanism to ensure that the purpose of the financing is achieved.

After the loan disbursement, a field visit is conducted to the client to ensure that the purpose of the financing has been fully implemented.

The client's enterprise is regularly visited, usually every six months, to provide continuous support to the enterprise and verify that the work is progressing as planned or not.

 Required Documents: 

Proof of profession:

• If the project is a registered company, bring the commercial register of the company, companies controller certificate, Memorandum of Association, Bylaws, authorized signatories, and professional license.
• If the project is not a company and operates in municipalities، a professional license or sometimes a certificate from the Chamber of Commerce is sufficient.
• If the business is not a company and operates within refugee camps, a profession certificate issued by the Popular Committees in the camps is required.
• If the project is agricultural, a farmer's certificate or agricultural holder certificate issued by the Ministry of Agriculture is sufficient as it is the regulating authority for agricultural work.
• Copy of the financing applicant's ID Ownership certificate or lease contract for the project site.
• Project Financial statements for the last 3 years.
• If the project is newly established or under establishment, a feasibility study must be provided.
• Quotations for goods, equipment, or machinery to be financed. What is the appropriate financing percentage for the project? The financing percentage can reach up to 85% of the project value.
• Several factors play a significant role in determining the financing percentage:
• Is the project existing or start-up? The size of the capital compared to the required financing, where the higher the capital size, the higher the financing percentage, and in some cases, it can reach up to 100%.
• Purpose of financing: For example, if the financing application is for the purpose of purchasing used devices and equipment, the financing percentage is usually 50% of the price quote, and if the devices and equipment are new, the financing usually ranges from 70% to 85% of the quote to be financed.
   
   What are the basic objectives of the financing and is the project able to repay during the coming periods? 
  
• Developing existing projects by providing the necessary financing, both to finance working capital and to finance the purchase of goods, equipment and machinery.
• Reducing unemployment by financing new economically viable projects whose owners have sufficient experience, skill, and knowledge to make the project successful Raising the income level of entrepreneurs and their workers.
• Raising the capacity of projects to become more resilient in facing crises and recovering from their effects. Is it feasible to obtain financing? How to manage the financing obtained? The extent of the feasibility of financing depends on the extent of revenue or savings in expenses and costs that financing can create. For example: If financing is expected to result in the purchase of equipment that will improve the quality of the service provided and thus increase sales and revenues by a significant amount or exceed the increase in costs.
  
  
   Financing: 

 In this case, financing is recommended. Another example: If purchasing the project site through financing will give the facility the opportunity to cancel the lease expense that would have been paid if the lease was continued, and at the same time the financed property will be recorded as part of the project’s assets, in this case financing is also recommended because it has achieved savings and increased the size of the assets.

 Conditions to Get Financing: 

• Availability of income from the project capable of repaying installments.
• Acceptable credit report for the client.
• Proof of the client's contribution percentage to the project.
• The client must have sufficient experience to manage the project.
• Provide all required documents.