EGYPT CROWDLENDING EGYPTIAN CROWDFUNDING PLATFORM
In Egypt, crowdfunding for startup consists of a financing solution to contribute to setup a new business for an egyptian entrepreneur who is facing funding challenges with the egyptian banks.
In Egypt, crowdfunding is becoming a realistic option to overcome lending obstacles for young egyptian business people who aspire to become financially independant by using unconventioanl ways to access to cash in order to realise their business dream.
Egypt's crowdfunding sites and plartorms are now meanwhile active in the country with the objective to attract investors who are keen to invest cash in projects with high return on equity, while project developper can obtain sufficient funds to initiate their business.
In Egypt crowdlending is becoming a necessity for any egyptian startup business initiator who hasn't got sufficient capital to convince the egyptian banks that he is also able to contribute to the funding risks of his new venture.
In Egypt, one challenge when funding a new creative and innovative statup is to have the support of the egyptian banks who haven't got the expertise to assess new unconventional entreprises which can create a problem to obtain a credit approval.
Crowdfunding in Egypt offers different models of investments where an investor can inject equity in egyptian startup and expect profits by contributing to managerial and strategic decisions or simply act as lender and expecting some interests in return.
EGYPT ONLINE CROWDFUNDING PLATFORM