All existing SMEs enterprises which work in the industrial and services sector and operating in Jordan as a profit making enterprises, fully owned by the private sector with a maximum of 250 employees and minimum of 5 employees.
Credit Guarantee Program
|
Max Credit Limit in USD | Guaranteed percentage (%) | Max. Payment Period (Month) |
---|---|---|---|
Domestic Credit Guarantees |
26,000,000
|
90%
|
6
|
Commercial risks:
The program is a guarantee to the manufacturer that the cause of their sale to the domestic buyer will be received. The program covers 80% of the losses.
**Meaning of buyer: every buyer from the private sector, including those who have legal personality such as induvial corporations and private companies. It does not include individuals and the final consumer.
The export credit guarantee enables the covered party to obtain financing with more favorable conditions by discounting commercial papers while assigning the rights of compensation to the bank without recourse to the covered party in case any covered is realized.
Commercial insurance provided by insurance companies protects the exporters against tangible physical risks that may affect exported goods, such as damage, theft, loss, drowning and other tangible risks. While the export credit guarantee covers the risk that the exporter will not receive the payment on the due date.
If the buyer wasn’t able to pay the payment on the due date and requested an extension, the policyholder must inform us in order to get an approval.
The Jordanian export credit guarantee scheme covers the following commercial and non-commercial risks:
The exporter will be able to increase their exports to the countries they work with by offering payment facilities to face competition among exporters in different countries without the need to open LC.’s
The exporter can also benefit from our loss payee program that will cover the amount of their guaranteed shipments at one of the local commercial banks in order to obtain the value.
In the event of any risk arising from the risks covered by the policy, 90% of the guaranteed export shipments will be compensated.
For the purpose of letters of credit to import raw materials for manufacturing purposes or/and the financing of local purchases of materials used for manufacturing targeting the sectors that are eligible for JLGC guarantee.
The following types of loans that are not eligible for JLGC guarantee:
Credit Guarantee Program
|
Max Credit Limit in USD | Guaranteed percentage (%) | Max. Payment Period (Month) |
---|---|---|---|
Domestic Saels Insurance |
80,000,000
|
80%
|
6
|
Industrial finance Guarantee & Financial Leasing Guarantee - EJADA