The Jordan Loan Guarantee Corporation (JLGC) and Housing Bank have signed a cooperation agreement under the "Guarantee for Employment" Program. This strategic partnership will enable Housing Bank to provide more flexible and inclusive financing solutions to micro, small, and medium-sized enterprises (MSMEs), thereby directly contributing to economic growth, business expansion, and enhanced competitiveness.
JLGC Director General , Adnan Naji, stated that the "Guarantee for Employment" Program reflects a development-oriented approach that directly links financing to job creation and tangible economic impact. He explained that the program aims to enable micro, small, and medium-sized enterprises to access the financing needed for expansion and growth in return for creating new employment opportunities for Jordanians.
He added that the program promotes financial inclusion by expanding access to finance for a broader segment of businesses, while simultaneously reducing credit risk for banks and financing institutions. This, in turn, supports increased financing flows to productive sectors and contributes to sustainable economic growth in the Kingdom.
For his part, Housing Bank Chief Executive Officer Ammar Al-Safadi emphasized that the bank's participation in the program reflects its strong commitment to supporting small and medium-sized enterprises, which are considered a key driver of the national economy. He noted that through this collaboration, the bank seeks to address financing challenges facing these businesses, enabling them to expand, innovate, and strengthen their ability to create sustainable employment opportunities.
For his part, Housing Bank Chief Executive Officer Ammar Al-Safadi emphasized that the bank's participation in the program reflects its strong commitment to supporting small and medium-sized enterprises, which are considered a key driver of the national economy. He noted that through this collaboration, the bank seeks to address financing challenges facing these businesses, enabling them to expand, innovate, and strengthen their ability to create sustainable employment opportunities.
