JLGC and Bindar signing cooperation agreement

JLGC and Bindar signing cooperation agreement

On the 24 of April 2013 JLGC signed an agreement with Bindar Trading and Investment Company. According to this agreement, the Jordan Loan Guarantee Corp. will guarantee loans granted to SMEs.

The agreement was signed at JLGC premises by Dr. Mohammed Al Ja'fari, the Director General of the Jordan Loan Guarantee Corp. , and Mr. Bassam Hammad , the General Manger of Bindar. Directors of core business departments of both corporations attended the signing ceremony.

Dr. Al Ja'fari indicated that JLGC is proceeding with the implementation of its strategic plan to expand its network comprising financial institutions and specialized lending institutions availing credit to SMEs and entrepreneurs to develop their business activities. Dr. Al J'afari also indicated that by the first quarter of 2013 the JLGC guaranteed (274) loans with a guaranteed value of JD 9 million.

Mr. Hammad , the General Manger of Bindar Trading and Investment , said that the signing of the agreement reflects the goals toward activating the role of Bindar to serve SMEs sector widely. He added that the ultimate mandate of the company is to alleviate poverty and unemployment in collaboration with the Jordan Loan Guarantee Corporation; with the overall vision for both parties being the advancement of national economy growth.