Hashemite Kingdom of Jordan

Program to Support Small and Medium
Private Sector Projects and Enterprises

Loan No.:

623

Interest Rate:

3.0 %

Beneficiary:

Central Bank of Jordan

Grace Period:

5 years

Project Cost:

KD 30.0 million

Maturity:

22 years

Amount of Loan:

KD 30.0 million

Repayment:

35 semi-annual installments

Date of Loan Agreement:

07/04/2015

First Installment:

5 years following the first disbursement

Date of Effectiveness:

07/07/2015


Objectives:

The program aims at facilitating access to finance by Micro, Small and Medium Enterprises (MSMEs), helping create new job opportunities to reduce unemployment and poverty rates in the Hashemite Kingdom of Jordan through the projects to be financed, and reducing the MSMEs financing gap.

Description:

The program will make available the required funds to MSMEs through banks and microfinance companies eligible to utilize such funds in order to help increase economic growth rates and create job opportunities in the Kingdom.

Financing:

The Arab Fund's loan covers 100% of the total program cost.


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