Definition:
This program is dedicated to support the micro, small and medium companies within various economical sector to enable thereof to obtain the necessary financing to practice is business with competitive interest rates and in cooperation with the central Bank.
Beneficiaries:
- Owners of micro, small and medium companies which meet the following conditions:
- Total assets value is less than 3 M. JODs or its annual sales volume is less than 3 M. JODs.
- The number of its employees must be less than 100
- Microfinance institutions
Interest Rate:
- With guarantees: 6.00%
- Without guarantees: 6.50%
Financing Ceiling:
Up to 350,000.00 JODs.
Guarantees:
The bank may ask for guarantees to be offered by the customer on the light of assessing his credit position.
Loan Term:
In accordance to the bank policy in time of grating loans.
Financing Objectives:
All objectives, excluding banned activities under law rules or international conventions and further the projects which have its negative social and economic impact on the community and the environment.
