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MSME Opportunity for the Commercial International Bank CIB

Reefy. A newly established MSME service company that combines a well established and reputable Egyptian investor with the Social Fund for Development (SFD) and experts in the fields of microfinance, SME, and management. . The SFD: mandated by law to promote

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MSME Opportunity for the Commercial International Bank CIB

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    1. MSME Opportunity for the Commercial International Bank (CIB) February, 2007

    2. Reefy

    3. Main Idea:

    4. MSME Financing

    5. Market highly Underserved

    6. Current Players

    7. Growth: Active Loans

    8. Outstanding Portfolio (EGP)

    9. Operational Overview Reefy Established operational lending branches Developed lending methodologies approved by CIB Market/sell loans to be disbursed at Reefy lending units Monitor, collect, and Forward repayments to CIB

    10. Performing Loans Process

    11. Non-Performing Loans

    12. Roles Reefy’s Role CIB’s Role Provide continual funding for Reefy to meet market demand. Ensure CBE’s approval prior to establishing lending units In case Reefy reimburses defaulted loans: all rights should be assigned to Reefy on the reimbursed loans. Ensure that client profiles fully adhere to CIB risk parameter Provide CIB with online access to all Reefy MIS reports Compensate CIB for any defaulted loans not performing for 6 months Pay CIB the agreed margin upon quarterly reconciliation and verification of books

    13. Risks (2006)

    14. Reefy Risks CIB Carries the Credit Risk. Loan Loss Provisions are carried on books. Reefy pays CIB any defaulting loan after 180 days. Reefy maintains 2% Loan Loss Reserve at CIB. Reefy Maintains 5% of the Outstanding Portfolio as Capital

    15. CIB’s Profitability

    16. Other Benefits CIB will also: Created a pipeline of bankable clients Reduced their financial risks Enhanced their corporate image

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