EGYPT PRIVATE LOAN
In Egypt, a private loan is a form of special financing offered by an Egyptian private lender but also a private investor for the benefit of an Egyptian who does not wish to use an Egyptian bank.
In Egypt, a private loan has always existed for an Egyptian borrower who in case of financial emergency asks his family members or friends for access to fresh money.
In Egypt, private loans are nowadays regulated through Egyptian peer-to-peer platforms that bring together Egyptian private investors who place their money for Egyptian private borrowers or Egyptian entrepreneurs.
In Egypt, private financing must still draw the Egyptian borrower's attention to the risk of fraud that an Egyptian loan applicant may face in the face of self called lenders who request an upfront fee without giving any financing.