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Green Financing Program in cooperation with the Arab Fund for Economic and Social Development Green Financing Program in cooperation with the Arab Fund for Economic and Social Development

Green Financing Program in cooperation with the Arab Fund for Economic and Social Development

Dedicated to financing all forms of green projects and products for corporate private sector clients

Program Definition

A program dedicated to financing all forms of green projects and products for corporate private sector clients, in collaboration with the Arab Fund for Economic and Social Development.

Beneficiaries of the Program

all companies operating in various economic sectors who meet the definition of small and medium-sized enterprises according to Central Bank, as below:

1. Total annual sales or assets shall not exceed 3 million dinars 
2. Number of employees shall not exceed 100

*In case of overlapping criteria, the number of employees is used as final criterion for classification. 

Interest Rate

6% + Commission 0.5%.

Financing Ceiling

Funding up to 250,000 JOD or its equivalent in U.S. Dollars.

Financing Currency

Jordanian dinar or US dollar

Loan Duration

The loan tenor can be up to 8 years including the grace period.

Guarantees

The bank may request any additional guarantees from the client based on the credit situation assessment.

Purposes of Financing

Financing environmentally friendly projects and activities that fall under green lending projects, including:
  • Renewable energy
  • Energy efficiency
  • Recycling
  • Green buildings and their furnishing
  • Soil care
  • Circular Economy

Benefits and Services Provided Through the Program

Providing customers with the ESG (Environmental, Social and Governance) compliance certification for free during the first two years.