Small Enterprises Financing Guarantee Programs

Program Objectives:

  1. Assisting small and medium-sized enterprises to establish their economic projects and /or to expand their existing ones or increase their productivity, thus increasing the income of these enterprises and employment opportunities and employment in the national economy.
  2. Encouraging commercial banks & Financial Institutions to provide the necessary financing for these projects based on their economic feasibility, cash flows and the presence of the financing guarantee coverage by the JLGC .

Program Advantages:

  1. This program covers funding risks for new projects as well as those related to the expansion and / or improvement of an existing project in order to increase its productive efficiency.
  2. This program covers the risks of economic sectors projects that are feasible and income-generating (industry, professions, crafts, trade, services, construction, transport and communications) and without reservation to any economic sector as long as it has the advantages of obtaining the required financing, while agriculture sector has its own conditions to accept providing guarantee.
  3. The possibility of granting a grace period in line with the purpose of the loan and the specificity of the project.
  4. Possibility to finance the purchase of fixed assets or financing of working capital or both.
  5. The possibility of granting a Limit of revolving loans, with the possibility of re-withdrawal of the amounts paid and within the limits of the revolving loans.

Program Terms:

  1. The maximum amount of funding is 250 thousand JD.
  2. The maximum repayment period is 72 months, including the grace period (up to one year).
  3. The project should be owned by the private sector and a working within Jordan, and if it is owned by non-Jordanians, it requires to provide a Jordanian resident sponsor and a credit acceptable.

In case of a renewed Limits , the following shall be considered:

  1. Loans under this program are to be granted according to the decreasing loan system so that the interest is not to be paid in advance.
  2. The purpose of the revolving Limit  is to finance working capital only (financing Letters of credits/or Invoices  / or remittances and / or loans for the purpose of importing raw materials or financing local purchases of raw materials for manufacturing purposes or in Commercial transactions for projects covered by Guarantee services).
  3. Loans under this ceiling should be programmed on a reducing installment system or be programmed based on a schedule for each drawn payment to be paid in single installment or several installments.

Coverage:

  1. 70% Coverage of the outstanding loan balance and interest of six months for loans of 250 thousand JD or less.
  2. Projects owned and / or managed by women are subject to an 80% guarantee rate.
  3. Loans above this amount  (250 thousand JD. ) can be accepted under the partial guarantee percentage.
  4. The program is subject to the terms and conditions of the agreement signed with banks and financial institutions.
Small Enterprises Financing Guarantee Programs
Max. Loan Amount (JD)
Max.
Payment Period (Month)
Guarantee Percentage
(%)
SMEs Loan Guarantees
250,000
72
70%

To Apply, please click here.

Program Objectives:

  1. Helping middle and low income people to own suitable Homes.
  2. Encouraging commercial banks to provide the necessary financing for middle and limited income holders in order to acquire adequate shelter and with the company's guarantee coverage.

Program Advantages:

This program covers housing finance risks for middle and limited income.

Program Terms & Conditions :

  1. Maximum loan amount up to 75 thousand JD.
  2. Partial guarantee of loans that exceed this limit (75 thousand JD) could be recognized  .
  3. Maximum repayment period is 300 months (25 years).
  4. Income should be confirmed & approved for repayment.
  5. Mortgage of the first-class degree on the property in favor of the financing entity.
  6. The financing ratio shall not exceed 85% of the estimated value of the property or the contract of sale, whichever is less, and the rest should be provide from the client personal contribution.
  7. Insurance on the life of the borrower and on the property throughout the lifetime of the loan.
  8. Jordanian expatriates shall be subject to the same conditions, provided that the repayment period of the loan shall not exceed 15 years maximum, subject to providing of a power of attorney to advice and notify to a resident person in Jordan.

Coverage:

  1. Coverage of 75% of the balance of the outstanding loan and interest of the default period for loans amounting to 75 thousand JD or less.
  2. Loans with a value exceeding tis amount (75 thousand JD.) can be accepted under the partial guarantee percentage.
  3. The program is subject to the terms and conditions of the agreement signed with banks and financial institutions.
Small Enterprises Financing Guarantee Programs
Max. Loan Amount (JD)
Max.
Payment Period (Month)
Guarantee Percentage
(%)
Real-estate Loan Guarantees
75,000
300
75%
Land Purchase Loan Guarantees
50,000
120
70%

To Apply, please click here.

Objectives :

  1. Support small and medium-sized enterprises whether new projects and/or expand or improved, for the purpose of   financing working capital or purchasing  fixed assets which is subject to Shariah compliant financing conditions.
  2. Encouraging entrepreneurs to benefit from the Islamic finance system in the absence of adequate guarantees for them.
  3. The Company shall collect directly Kafala issuance fees from the debtor.

Program Terms & Conditions :

  1. The maximum amount of funding is 250 thousand JD.
  2. Guarantee the risks of financing by 70% for facilities worth 250 thousand JD or less.
  3. The maximum repayment period is 72 months including the grace period and not more than one year.

Coverage:

  1. Coverage of 70% of the existing balance of funding at default as well as the estimated profits for a period of 180 days, and  Loans above this amount can be accepted under the partial guarantee percentage  and do not match conditions  with the program of industrial finance and services.
  2. Projects owned and / or managed by women are subject to an 80% guarantee rate.
  3. The program is subject to the terms and conditions of the agreement signed with banks and financial institutions.
Small Enterprises Financing Guarantee Programs
Max. Loan Amount (JD)
Max.
Payment Period (Month)
Guarantee Percentage
(%)
SMEs Loan Guarantees
250,000
72
70%

To Apply, please click here.

Objective of the program:

  1. To help the owners of micro-enterprises to establish their economic projects or expand the existing ones or raise their productivity and thus increase the income of these projects and increase employment opportunities and employment in the national economy.
  2. Encouraging commercial banks and specialized financing institutions to provide the necessary financing for these projects based on their economic feasibility and cash flows and with the cover of the financing guarantee by the company.

Program Advantages:

  1. This program covers funding risks for new projects as well as those related to the expansion and / or improvement of an existing project in order to increase its productive efficiency.
  2. This program covers the risks of projects of economic sectors that are productive and income-generating (industry, professions, Crafts, trade, services and communications).
  3. The possibility of granting a grace period in line with the purpose of the loan and the specificity of the project.
  4. Possibility to finance the purchase of fixed assets or financing of working capital or both.

Program Terms & Conditions:

  1. The maximum amount of funding is 15 thousand JD.
  2. The maximum repayment period is 36 months including the grace period.
  3. The project should be owned by the private sector and working in Jordan, and if it is owned by non-Jordanians, it requires providing a Jordanian resident credit acceptable

Coverage:

  1. 70% Coverage of the outstanding loan balance and interest of six months for loans of 15 thousand JD or less.
  2. Projects owned and / or managed by women are subject to an 80% guarantee rate.
  3. Loans above this amount (15 thousand JD) can be accepted under the partial guarantee percentage.
  4. The program is subject to the terms and conditions of the agreement signed with banks and financial institutions.
Small Enterprises Financing Guarantee Programs
Max. Loan Amount (JD)
Max.
Payment Period (Month)
Guarantee Percentage
(%)
Micro Loan Guarantees
15,000
36
70%

To Apply, please click here.