Jordan Loan Guarantee Corp. and Microfund for Women (MFW) cooperate to support SMEs

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25/03/2015

At MFW premises, Jordan Loan Guarantee Corporation signed a guarantee agreement with Microfund for Women (MFW) on Tuesday the 24th March, 2015, in the presence of JLGC's Director General, Dr. Mohammed Al Ja'fari and MFW's General Manager, Muna Sukhtian. The agreement aims at supporting the Microfund for directing new programs to SMEs.

This agreement allows the two parties to work jointly in developing new loan products for Small Medium Enterprises (SMEs) and micro business in the kingdom. The agreement will enable JLGC to provide MFW with the guarantees needed to finance startups in the absences of the traditional collaterals encouraging the financial institutions to finance these projects depending on the credit evaluation of the borrower and his ability and commitment to repay.

It is important to mention that JLGC cooperation with MFW translating the mutual objectives of both parties and will open new horizons for entrepreneurs who lack enough guarantees to expand and enhance their operational activities.

The singing ceremony attended by a number of executive managers from JLGC and MFW.