About Us

The Jordan Loan Guarantee Corporation (JLGC) was established as a public shareholding company in May 17, 1994 with a paid up capital of JD 7 million as a legal heir for “Loan Guarantee” project, which was founded by

United States Agency for International Development in 1989, and was managed by the industrial development bank until September 1993. The company’s aim was to provide the necessary guarantees to facilitate financing of SMEs owned by the private sector and working in all productive economic fields in Jordan.

In 1997, the capital was increased to 10 million JD in order to accompany the economic developments, and activate our role in the Jordanian economy. Moreover, Export Credit Insurance program has been added to encourage the Jordanian exporters to export their products by providing insurance to cover their commercial and non-commercial which their exports could be exposed to.

In 2016, the capital was increased to 29 million, to raise the applicable credit limits and develop new guarantee instruments for SMEs’ loans and Export Credit.

Jordan Loan Guarantee Corporation began with one simple program for SME’s guarantees. Now there are 2 major programs tailored to improve SME access to finance and provide more risk measured instruments to banks and exporters.

  1. Loan Guarantee.
  2. Export and Domestic Credit guarantee.

In the Name of God the Merciful the Compassionate,

gm-itihad.png

It gives me great pleasure to welcome you to the official website of the Jordan Loan Guarantee Corporation (JLGC). We have designed this website with the aim of keeping our browsers abreast of the significant role that JLGC plays to motivate the local banks and other financial institutions at the kingdom to provide improved services and financing to Small and Medium Sized enterprises (SMEs). A contribution that enables SMEs to create new job opportunities and reduce poverty rates. JLGC also supports the national exports by providing credit insurance to exporters against the risk of non-payment by the importers and buyers of the Jordanian goods.

The corporation is looking forward to achieving its objectives in a professional, responsible, and corporative commitment.  JLGC is keen to improve its services in all levels in collaboration with main partners of the public and private sectors. Particularly financial institutions which showed a great response with the development efforts of the Corporation that enabled JLGC to achieve an obvious growth in the volume and returns of its operations. 

JLGC operational departments keep exerting the efforts to improve guarantee program and services through increasing the corporate efficiency in loan and credit export guarantees and improve underwriting systems and risk assessment pricing and safe allocation of credit portfolio. Furthermore, increasing the internal capacity in financial risks management for the current programs, and increasing the abilities of granting guarantees for amounts exceeding the current limits.

JLGC is keen to expand guarantees to all economically viable sectors that create jobs and enhance economic growth. It also keeps improving its operational revenues and the human resources and training systems to reach operational sustainability

The official website for JLGC provides the website’s visitors with an in-depth view of its objectives, activities and programs and most up-to-date information, news and reports, in both Arabic and English. Moreover, the website provides information on JLGC partners and their support to JLGC.

We have designed the website in a user-friendly manner in order to ensure quick and efficient access to information. I would like to welcome you once again to JLGC website, which I hope you find interesting as well as beneficial. Please feel free to share with us any suggestions or ideas that may improve the quality of our website.

Dr. Mohammed Al Ja'fari 
Director General

JLGC is managed by a Board of Directors, which is composed of eleven members. According to the JLGC Memorandum of Association, the Central Bank of Jordan appoints two of the members of whom one will be Chairman as long as CBJ participation (in JLGC’s capital) remains above 45%. The rest of the shareholders select the remaining members. Membership in the Board of Directors is for a period of four years that ends with the election of a new Board.

JLGC BOD Members are:

Members
 
A representative of
H.E.Dr. Maher Shiekh Hassan Chairman of the Board ( representing Central Bank of Jordan)
Dr. Khaldoun Wishah Member ( representing Central Bank of Jordan)
Mr. Kamal Gharib Al Bakri Member ( representing Cairo Amman Bank)
H.E.Mrs. Nadia Al Sa'eed Member ( representing Bank al Etihad)
Mr. Tawfiq AbdelKader Mukahal Member ( representing Jordan Kuwait Bank)
Mr.Walid Moheyeldin Al Samhouri Member ( representing Arab Bank)
Mrs. Luma Nayef Bakri Member ( representing the Housing Bank for Trade & Finance)
Mr. Jamal Fariz Member ( representing Amman Chamber of Commerce)
H.E.Dr. Ibrahim Saif Independent Member
Dr. Adnan Al Hindi Independent Member
Dr. Ismail Zaghloul Independent Member

Name Title
Dr. Mohammed Al Ja’fari Director General
Mr. Abedalsalam Nusair Deputy Director General
Mr. Rami Samardali Risk Management & Compliance Manager
Mrs. Amal Jaradat Export Credit Guarantee & Domestic Sales Dept. Manager
Mr. Firas Fayyad Loan Guarantee Dept. Manager 
Mr. Tarek  Nabulsi Claims, Follow up and Recoveries Dept. Manager 
  Business Development & Market Research Unit Manager
Mr. Issa Taraireh Finance Dept. Manager
Mr. Jihad Al Qdaimat  Support Services Dept. Manager 
Mr. Saif Al Farah Internal Audit Unit Manager

organization_structure