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First Central Bank Program dedicated to support micro, small and medium companies in cooperation with Arab Fund for Economic and Social Development

Obtain the necessary financing with competitive interest rates and in cooperation with the Central Bank

This program is dedicated to support the micro, small and medium companies within various economical sector to enable thereof to obtain the necessary financing to practice is business with competitive interest rates and in cooperation with the Central Bank.

Beneficiaries

  • Owners of micro, small and medium companies which meet the following conditions:
  • Total assets value is less than 3 M. JODs or its annual sales volume is less than 3 M. JODs
  • The number of its employees must be less than 100
  • Microfinance institutions

Interest Rate

  • With guarantees: 6.00%
  • Without guarantees: 6.50%

Financing Limit

Up to 350,000.00 JODs.

Guarantees

The bank may ask for guarantees to be offered by the customer on the light of assessing his credit position.

Loan Term

In accordance to the bank policy in time of grating loans.

Financing Objectives

All objectives, excluding banned activities under law rules or international conventions and further the projects which have its negative social and economic impact on the community and the environment.