Definition:
It is a program that facilitates financing for small and medium enterprises:
- Cover its financing needs for the purpose of financing operating expenses and working capital
- Covering its various operating expenses and continuing its activity.
- Enabling these economic sectors to keep their business running
- Pay the salaries of its employees
Beneficiaries:
The program covers the financing provided to professionals, craftsmen, individual institutions and small and medium enterprises that meet the following conditions and restrictions:
- Total assets value do not exceed (5) million JODs, or their total annual sales volume do not exceed (5) million JODs.
- Employees there in are less than (200).
According to the sectors as follows:
| Professions and craftsmen sector | 20,000 | Transformative industries* | 1,000,000 |
| Retail Trade | 200,000 | Transportation | 1,000,000 |
| Wholesale Trade | 600,000 | Health Facilities and services | 250,000 |
| Tourist Services | 500,000 | Hospitals | 1,000,000 |
| Hotels | 1,000,000 | Educational Sector | 750,000 |
| Information Technology | 500,000 | Other sectors | 500,000 |
* including industries based on agricultural activities
Interest rate:
2% without commission
Loan Term:
Repayment period up to (54) months, including grace period up to (12) months as a maximum.
Guarantees:
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.
