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	Success Stories Mohamed and Ekbal Wood Manufacture Abeer`s Supermarket Mohamed and Ikbal Name: MOHAMED SAMIR KAMEL Qualification: Agronomist Name : IKBAL KAMAL SAAD Qualification: Mech. Engineer Business: Dairy Products Manufacture Location: Beni-Soliman village (Beni-Suef) Total Investment: 275000 EGP Equity: 170000 EGP Loans:100000 EGP Technical Assistance: 5000 EGP After marriage, Mohamed and Ikbal traveled to Germany to continue their education. So Mohamed had a diploma in Tourism & Hotel, Beside some courses in agromachinary. Also Ikbal had some courses in administration and planning. After having three children they decided to return to Beni Suef to raise their children among the family. In Beni Suef they have their fourth child. The husband worked in many private companies Being so ambitious, they weren't satisfied by this work. So they sought a better career through having their own business. Both of them thought in setting up a small dairy products manufacture to make use of their education. So they came to REDEC to benefit from its services. Meeting them, reviewing their business plan and visiting the site of the project, we were sure of their seriousness, sincerity and capability to carry out the project. The marketing study showed that Beni Suef is in dire need to this kind of projects as there isn't any factory for dairy products in Beni Suef. Food Technology Institute has prepared the technical study, and REDEC staff has prepared the financial study that showed the profitability of the project (annual net 158.000 EGP - annual surplus 193.000 EGP). The project will create new job opportunities for unemployed people (of labor in case of full capacity 14 -Total annual salaries 68.000 EGP). The technology used :pasturiser system to handle pasteurization & hygienic treatment of milk Samir & Ikbal got both technical and book keeping training's The parteners decided that Samir will be responsible for management and dealing with suppliers, and Ikbal will be responsible for storing and equipment maintenance. Financial Ratios Simple Rate of Return: 60% IRR: 73% NPV: 425% Pay - Back Period: 20 Months Break Even: 16 % Project Indicators Fixed Assets / Total Assets: 85% Current Assets / Assets: 85% Starting up Capacity: 800 Kg per Day Full Capacity: 2 Tons per Day Starting up # Labors: 9 Full Capacity # Labors: 14 Annual Wages @ per person: 5000 EGP Investment Cost / Employment Position: 20000 EGP Value Added: 611000 EGP Annual Net Profit: 158000 EGP Annual Salaries: 68000 EGP Materials and Services purchased: 385000 EGP Up WOOD MANUFACTURE Name: SAFWAT SAID AHMED Qualification: Diploma in Commerce Business: Wood Manufacture Location: Beni-Suef Total Investment: 106000 EGP Equity: 64000 EGP Loans: 39000 EGP Technical Assistance: 3000 EGP Safwat was born in a moderate family, his father was a worker and his mother was a housewife. As it was the habit at this time, little boys and kids used to work on summer holidays to raise the income of their families. Safwat's father used to know one of the carpenters and they agreed on sending Safwat to work in his workshop on holidays. Since his early childhood, Safwat grow up in carpenters among machines and workers. He liked his work that he gave it all his mind and thought. Gradually, he started to know the secrets of the work. When he grows up, he looked forward to work on one of the big carpenters in Cairo. There, he gained more experiences.He specialized in making kitchen cupboard doors. After having the diploma, he was assigned in his official job. He took a leave without pay to continue his own project. Safwat worked hardly till he was able to build his own house and place to his future enterprises. He came as he heard about REDEC through one of the Centre promotion. Meeting with him, reviewing his business plan and visiting his project site we were sure of his serosity, sincerity and capability to carry on the project. The financial study showed the profitability, and the value added of the project. (Annual net profit 36000 EGP - Annual cash surplus 41000 EGP). The project will create new jobs opportunities for unemployment people. (# Labor 10 - Annual salaries 39000 EGP).Safwat resigned after having his loan. The technology used is Semi automatic machines. Safwat and the workers were trained in the machines by consultant hired by REDEC. Financial Ratios Simple Rate of Return: 33% IRR: 23% NPV: 132% Pay - Back Period: 36 Months Break Even: 84 % Project Indicators Fixed Assets / Total Assets: 76% Current Assets / Assets: 33% Starting up Capacity: 386 Cubic Meter per Day Full Capacity: 386 Cubic Meter per Day Starting up # Labors: 10 Full Capacity # Labors: 10 Annual Wages per person: 3900 EGP Value Added: 72000 EGP Investment Cost / Employment Position: 106000 EGP Value Added: 451000 EGP Annual Net Profit: 36000 EGP Annual Salaries: 39000 EGP Materials and Services purchased: 379000 EGP Up ABEER's SUPERMARKET Name: ABEER RAMADAN MOHAMED Qualification: Diploma in Commerce Business: Supermarket Location: El-Fashn District (Beni-Suef) Total Investment: 61000 EGP Equity: 25000 EGP Loans: 35000 EGP Technical Assistance: 1000 EGP Abeer was born in a simple family in El Fashen City. Her father works as a governmental employee, her mother is a housewife. Her oldest sister is unemployment and her youngest brother is a student. After having her commercial diplom, she though with seriousness and ambition to her own business. By deep thinking she knew that El Fashen needs a big super market, as it will serve lots of people. So she come to REDEC, as she knew about it through one of the promotion meeting. After visiting her project site. REDEC staff guided her in preparing her business plan, which showed the profitability of the project (annual net profit 16000 L.E) We were sure of her capability to carry on the project because of her serosity, sincerity in achieving all assignments and tasks required from her. Financial Ratios Simple Rate of Return: 37% Grass Profit: 6% Project Indicators Total Investment: 61000 EGP Starting up # Labors: 2 Full Capacity # Labors: 2 Investment Cost / Employment Position: 31000 EGP Annual Wages per person: 1800 EGP Value Added: 19600 EGP Annual Net Profit: 16000 EGP Annual Salaries: 3600 EGP Up