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

Private sector corporates operating in various economic sectors that meet the following criteria:

Sales or assets ranging from 1 – 3 million JOD and Workforce size between 1 – 100 employees

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*

*Foreign currency regulations are observed if the loan is granted in USD

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.