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

Definition:

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

 Beneficiaries:

• All companies across 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.

• Microfinance institutions

 Interest Rate:

The cost of borrowing, in addition to interest margin of 3.50%; no commissions applied.

Financing Ceiling:

Up to 177,250.00 JODs.

Guarantees:

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

Loan Term:

Repayment period is up to 7.5 years including grace period.

Financing Objectives:  

All objectives, excluding Consumer loans, replacement loans and 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.