This program is dedicated to provide appropriate financing for projects of entrepreneurial youth category, so it provides concessional financing, technical support, and training in line with the Royal vision to fight unemployment amongst young people by promoting a self-employment rather than employment approach, and enabling them to establish development projects that provide them with an income source and provide job opportunities, and that according to the criteria and steps to join within the program to provide integrated technical and financial services.
1- Those with a certificate of accession to the National Self-Employment Program (INHAD).
2- Graduates of the training and employment programs of the Ministry of Labor, graduates of the National Self-Employment Program, and graduates of vocational training centers.
3- Existing youth-owned projects that are no more than 5 years old from the date of official registration, provided they obtain a certificate of accession to the National Self-Employment Program "INHAD."
(4.5%) without commission.
Up to (250,000) JODs.
Up to (100%) of the project value.
Repayment period up to (7) years, including grace period up to (12) months as a maximum.
Promissory Note payable endorsed to the favor of CBJ which the loan requested represents 85% of the promissory note, in addition to any other extra guarantees from the customer on the light of assessing the client's credit worthiness.
All sectors, productive, service and technical development activities that generate income and provide job opportunities from small and medium enterprises, and the program does not include consumer and personal loans.