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 Board Approval: | - | First Installment: | 5 years following the first disbursement |
| Date of Loan Agreement: | 2015-04-07 | Date of Loan Effectiveness: | 2015-07-07 |
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.