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The National Self-Employment Program (INHAD) The National Self-Employment Program (INHAD)

The National Self-Employment Program (INHAD)

This program provides concessional financing, technical support, and training

Definition

This program is dedicated to provide appropriate financing for projects by young entrepreneurs, offering easy financing, technical support, and training in line with the Royal vision to combat unemployment amongst young people by promoting self-employment instead of traditional jobs.
The program aims to enable youth to start development projects that generate income and create job opportunities, and according to specific criteria and steps for joining the program to provide comprehensive financial and technical services.

 

Beneficiaries

  • Those with a certificate of accession to the National Self-Employment Program (INHAD).
  • Graduates of the training and employment programs of the Ministry of Labor, graduates of the National Self-Employment Program, and graduates of vocational training centers.
  • Existing youth-owned projects that are no more than 5 years old from the date of official registration, provided they obtain a certificate of accession to the National Self-Employment Program "INHAD."

Interest rate

(4.5%) without commission.

Financing ceiling

Up to (250,000) JODs.

Financing ratio

Up to (100%) of the project value.

Loan term

Repayment period up to (7) years, including grace period up to (12) months as a maximum.

Guarantees

Promissory Note payable endorsed to the order of CBJ which the loan requested represents 85% of the promissory note, in addition to the guarantee of the Jordan Loan Guarantee Company, and any other guarantees from the customer based on the client's credit worthiness.

Financing Objectives

All sectors, productive, service and technical development activities that generate income and create job opportunities from small and medium enterprises, and the program does not include consumer and personal loans.

To apply for the National Self-Employment Program (INHAD), please visit: https://www.inhad.jo/

All applications are subject to Housing Bank terms and conditions.
The Bank has the right to request additional documents.