JLGC signed the 2nd Annex of the Guarantee Agreement with the MOP and DEF

Share
27/02/2014

Jordan Loan Guarantee Corp. with the Ministry of Planning and International Cooperation and Development and Employment Fund signed the second annex of the guarantee agreement on the 27th February, 2014. According to this agreement the value of the loan granted by DEF increased to JD 75 thousand with a maturity up to 8 years.

Signing the annex aims to provide owners of small and medium sized enterprises (SMEs) with guarantees when they apply for funding from the Development and Employment Fund. As a result, funding the projects assists entrepreneurs to build and increase the capacity and productivity of the SMEs and benefited local communities in job creation and poverty alleviation.

It is worth pointing out that the first agreement was singed between the three parties on the 22nd October, 2012.